INSURANCE - INCOME PROTECTION

Accidents can happen to anyone at anytime. Even if you are unable to work for only 3 months, this can impact significantly on your finances – how do you keep up with the mortgage payments and utilities?  Income protection insurance provides you with assistance when you need it.

Income Protection insurance cover is provided in units.  The benefit (how much you receive if you make a claim) depends on your age and occupation (if applicable).  Conditions apply.

Each unit of Income Protection insurance provides a benefit of $110 per week (minimum of three units) for a maximum of two years.

Non Manual Work Occupations

Age Premium Per Unit Per Week
10 - 29 $0.32
30 - 34 $0.36
35 - 39 $0.46
40 - 44 $0.62
45 - 49 $0.86
50 - 54 $1.24
55 - 59 $1.85
60 - 64 $2.37
65 - 69 $3.12

Manual Work Occupations

Age Premium Per Unit Per Week
10 - 29 $0.55
30 - 34 $0.60
35 - 39 $0.79
40 - 44 $1.07
45 - 49 $1.50
50 - 54 $2.14
55 - 59 $3.22
60 - 64 $4.98
65 - 69 $7.47

Want additional insurance cover?  Download our Member Handbook/Product Disclosure Statement here.