Perfect Health Insurance has unveiled a new cashplan that provides benefits including providing customers with peace-of-mind cover in case of accident or illness that prevents them working, with income replacement monthly payments of up to £1500.

The new policy offers benefits for the traditional cashplan policies such as dentistry, optical and hospital benefits. It also includes new benefits such as car-parking costs of up to £45 per day for friends and family visiting patients in an NHS hospital.

The policy offers income replacement payments of up to £1500 per month for six months in case of accident or illness that prevents policy holders from working. The monthly payment ensures that there is money coming in to cover bills such as mortgage, rent and utilities.

The policy is aimed primarily at sole traders and employees in small businesses whose livelihood may be at risk if they suffered an accident or illness that prevented them from working for a long period of time.

The new cashplan is available from £16.50 per month and the policy that includes six monthly payments of £1500 is £49.50 per month or £98.40 for a married couple.

The cashplan is available directly through Perfect Health Insurance and its website, or through AMII and BIBA registered brokers.

Andrew Tripp, CEO of Perfect Health Insurance, said: “Last year