IP insurance as it's also known, can provide cover if you're not able to work. Permanent Incapacity and Temporary Incapacity or Sickness can mean one is in need of monthly income.Absolutely essential for the professional in private practice who must walk through the doors every day.The part of the premium that contributes the Permanent Incapacity Benefit contributes towards the N$40,000.00 Tax deductible allowance as per Section XXof the Income tax Act. One could say it is a "Conforming"in nature
