If you answered Yes to the following questions, then you need it. 

• In the event that you cannot work due to an accident, illness/disability, will this affect your ability to earn money?
• Do you need adequate back-up plans to provide the necessary cash flow protection?
• Do you have responsibilities to pay off your home loan?
• Do you want to build a wealth moat for those who depend on you (family or children)? 
• Do you want to build a layer of leveraged protection for your property?
• Do you want to feel more secure in your future work and life? 

(For more applicable customers of insurance products, please refer to the Target Market Determination target market description in the compliance document file) 

Generally, there are two types of occupational definitions in general disability insurance, and different occupational definitions will have different compensation standards:

Own Occupation: Claims can be made if the insured is unable to do his or her own occupation due to disability. For example, if the insured person is an electrician and is unable to do his job as an electrician due to an accident, he can get a claim, although the insured person may also be able to do other clerical jobs.

Any Occupation: Claims can be made if the insured is unable to do any job due to disability. For example, the insured person is an electrician who is unable to work as an electrician due to an accident and must also be unable to do any other non-electrician work.

Disability due to self-harm or criminal conduct is generally not covered, nor are exemptions due to pre-existing medical records.

Under normal circumstances, Australian disability insurance is not mandatory for how many years it is bound, nor is it mandatory for how much it costs. Premium customization can be adjusted completely according to your own situation, goals, and needs. There are many factors that affect premiums, including: sum insured, age, gender, premium structure, whether you smoke, whether you have existing health risks, etc. General insurance will have a "validity period", such as "valid until the age of 99". During the validity period, the policyholder can adjust or terminate it at any time according to the protection needs of himself and the beneficiary.

Only through underwriting can one formally have an effective guarantee contract. Underwriting is the process by which an insurance company decides whether to underwrite after reviewing the risk factor of the applicant. Generally, the following questions will be asked:

• your age
• Are you smoking, drinking, taking drugs, etc.
• Nature of the work
• medical history and existing health conditions
• Family history
• Do you have high-risk hobbies, etc.

Based on the information you provide, the insurance company will decide whether to further arrange a medical examination process to confirm the health status.

Hippo Fortune reminds you: The healthier you are, the easier your underwriting is, and the younger you are, the cheaper your insurance premiums will be.

The amount of coverage you choose depends on your individual circumstances and needs. Everyone's situation is different, but generally there are a few main aspects to consider: 

Income: If I can't work, how much money do I need to maintain the quality of life in the future, even retirement? 

Loans: If there is no income, how can I help my family pay off the debt and keep the house?

Children: In the event of not being able to work, how can we ensure that our children's lives and education are not affected?

Of course, the higher the sum assured, the higher the premium will be. You also need to consider your insurance affordability. For example, many people may use less than 5-10% of their income to cover the cost of full family insurance. Everyone can freely customize the amount of insurance and premiums according to their own circumstances.

In a word, the golden principle of insurance for Hippo Wealth is to provide a long-term comprehensive protection without affecting the quality of life, and to find a balance point in the three aspects of insurance products, insured amount and premium.

If you are not sure, you can consult Hippo Fortune today to start customizing your policy.

The Australian government also provides you with a life insurance policy calculator for your reference:

Life insurance calculator – Moneysmart.gov.au

OK.

You can apply for different types of insurance at the same time, such as: life insurance, disability insurance, critical illness insurance and income insurance; or apply together with life insurance.

• Who do I contact in the event of a claim?

In the event of an insurance claim event, please contact the Hippo Insurance team at [email protected] as soon as possible; we will inform the insurance company according to your claim event and prepare the supporting documents required for your claim.

• Are there any additional charges for claims service?

As an added value, the claims service provided by Hippo Wealth to Hippo Insurance members is free of charge.

• Can I contact the insurance company directly? 

Can. Because your insurance policy is a legal contract between you and the insurance company, you can also contact your insurance company directly to file a claim.