Technology has became a very necessary and useful part of human life, It is here to help the human kind and reduce the work load. Income Protection Insurance is a very different kind of Insurance Policy, which offers you the facility to gives you financial support when you are not able to pay your due bills. Details- http://www.trueinsurance.com.au/bill-protection-insurance/

1. Technology Advancement
and Income Protection
Insurance
Technology and advancements have lessened the work
stress and physical work load of human. Every day a new
technique is answering one or the other problem to perform
any activity. Many fabulous innovations have also been
done in the world of Telecommunication.
The invention of telephone diminished huge problems,
which were generated due to improper and delayed
communication. A fire can be extinguished by calling Triple
zero number, in place of travelling at high speed on motor

2. bikes to inform the fire extinguishing services. The
technology in the field of communication has not only
solved the issues of distance, but also of proper
information dispersion.
All such situations got solutions by the mode of telephone,
then mobile phone and further internet services. The
invention and further advancements of internet services
have engulfed the economic activities performed by an
individual even in daily routine.
Now, you can submit taxes online in a few minutes and can
relieve yourself from the stress of standing in line. You can
buy things online and transfer money, here the stress of
withdrawing money from bank regularly, has gone. Many
more innovations like Phone internet and broadband, have
smoothened the life of people. One more thing in
telecommunication has surprised the world, which is the
palm vein scanning for shopping.
Vein scanning is an old technique, but using this technique
for shopping is new. This technique has been already

3. introduced in southern Sweden. Chris Hamilton, the chief
executive of The Australian Payments and Clearing
Association stated that, such techniques of vein scanning
was evolved time before, but was not used for shopping.
Biometrics and scanning parts of bodies have been used
for years now for verification, like your eyeball or your
fingerprint to open a locker or door.
Talking about vein scanning or palm vein scanning for
shopping:
A customer can use this facility in any shop or restaurant.
Step 1: The customer has to scan their hand thrice before
registering their personal details.
Step 2: A text is sent to customers mobile, and an activation
link to a website.
Step 3: Payments are then taken from the customer’s bank
account from then on.
Many more techniques in concern to biometrics are also
available like Sleeve spending, which asks for wireless

4. payment chip and antenna inserted to pay, using a
contactless payment terminal; Fingerprint technology
where fingerprint is scanned on the smart phone or at the
checkout; Hand scanners, where palm is scanned over the
payment terminal; Mobile phone, where mobile is scanned
at the checkout to pay using a virtual wallet; Facial
recognition, which asks for facial scanning at the checkout.
Still, these technologies are not much prevalent as the
telecommunication companies, the banking system and
other bodies will have to participate. But, this will surely
lessen the stress of handling wallet and the threat of pick
pocketing.
These technological advancements are also helping people
to make sure that their money or income is fully covered
and insured, hence these technologies give an impression
of income protection as well.