Getting started with income insurance
Income insurance offers protection against loss of income for eligible customers up to €1,000 or 50% of your income per month, whichever is lower, for up to 3 months, up to a total benefit of €3,000. The insurance covers loss of income due to the following reasons:
- Total temporary disability: if you are unable to work due to sickness or an accident and take 100% sick leave for more than 5 consecutive days
- Involuntary loss of employment: if you have been working for 3+ consecutive months and become involuntarily unemployed for 30 or more consecutive days
We’ll let you know as soon as income insurance becomes available to you. To activate it, you must confirm your eligibility, read, and accept the T&Cs in-app. Once turned on, your cover lasts for up to 9 months at no additional cost.
Key eligibility criteria
Always check the full T&Cs for complete details, key eligibility criteria include that you must:
- be aged 18 to 65 and contribute to your local social protection system
- activate your cover via the Salary section in-app (offer valid for first-time promotion customers only)
- deposit your country’s minimum qualifying salary into your Revolut personal account
- have worked for the same employer for 3+ consecutive months and be contracted to work more than 16 hours per week
- be fully fit to work at enrolment, with no notice or knowledge of impending termination
Key exclusions
Review your policy documents before filing a claim to confirm your eligibility. Main exclusions include:
- Working under 16 hours a week, seasonal work, or casual shifts
- Resignation, voluntary redundancy, or early retirement
- End of a fixed-term contract
- Dismissal for misconduct or fraud
- Strikes or labour disputes
- Pre-existing medical conditions
- Illness or injury from substance abuse, self-harm, or gross negligence
- Unemployment ongoing or expected at the time of activating cover
How to check your coverage
This is only a summary of the coverage. Income insurance is provided through our insurance partner, not Revolut itself. They are responsible for policy terms and claim handling. If you have questions about the cover, contact them or read the T&Cs by following these steps in the Revolut app:
- In the search bar at the top of the screen, search for 'Insurance'
- Select 'Insurance', choose 'Income insurance', and tap 'Documents'