Before revision: Income Protection Insurance (IPI) is an insurance policy , available principally in Australia, Ireland, New Zealand, South Africa, and the United Kingdom, paying benefits to policyholders who are incapacitated and hence unable to work due to illness or accident.
After revision: Income Protection Insurance (IPI) is an insurance policy also known as loss of earnings insurance paying benefits to policyholders who are incapacitated and hence unable to work due to illness or accident.