When choosing Income Protection insurance, several key features come into play, each impacting your coverage and overall cost. Here are some of the most important ones to consider:

1. Monthly benefit: This determines how much income you'll receive if you make a claim. Aim for a payout that replaces 50-70% of your pre-disability income to maintain your lifestyle.

2. Benefit period: This decides how long you'll receive payments, ranging from 2 years to retirement age. Choose a period that aligns with your financial needs and potential recovery timeline.

3. Waiting period: This is the time between becoming disabled and receiving your first payout. Consider your financial buffer and choose a waiting period that balances affordability with timely support.

4. Indexation: This feature automatically increases your benefit amount over time to keep pace with inflation, ensuring your coverage remains relevant in the future.

5. Additional benefits: Some policies offer additional coverages like rehabilitation benefits, lump sum payments for critical illnesses, or income top-up riders. Choose options that complement your needs and budget.

6. Cost and affordability: Premiums vary based on your chosen features, age, health, and occupation. Ensure the cost aligns with your budget without compromising essential coverage.

Remember: There's no "one-size-fits-all" approach to Income Protection. Prioritize features that address your specific needs and financial situation. Consult a financial advisor to personalize your coverage and ensure you have the right protection in place.