What is an Accident Sickness and Unemployment policy?

An ASU policy is designed to pay you monthly payments for a period of either 12 or 24 months depending upon the length of term of the policy you set up. This is different to Income protection where an Accident Sickness or Unemployment policy will only potentially pay out for a maximum of 12 or 24 months or whenever you return to work, whichever happens sooner. The Income Protection policy pays out for the rest of the policy term or until you return to work so that could be for more than 24 months.