Allianz UK has introduced a new Short-Term Income Protection policy, designed to provide financial security for individuals facing unexpected life events such as accident, sickness, or unemployment.

The policy requires no medical underwriting and provides immediate coverage. Available exclusively through financial advisers and mortgage brokers, benefits are paid for a maximum of 12 months. Customers can choose from three coverage options: accident, sickness, and unemployment; accident and sickness only; or unemployment only.

Developed in partnership with AmTrust Specialty Limited and Wessex Group, the policy includes accidental death cover when the accident and sickness option is selected, automatically providing 12 times the monthly benefit. The product does not apply premium weightings for pre-existing conditions under accident and sickness coverage.

Eligible customers are aged 18–64, must have been in full-time employment for at least six months, and coverage ends at age 67. The policy provides up to 65% of gross monthly income, with a maximum of £3,000 for new mortgages and £2,000 for existing mortgages or customers with a mortgage offer.

Henry Topham, Managing Director of Retail Insurance at Allianz UK, said: “This policy offers a vital financial safety net, helping people maintain their standard of living if accident, sickness, or unemployment prevents them from working. It complements advisers’ mortgage and protection sales while giving customers peace of mind in uncertain times.”