What is Income Protection?

Have you ever thought about what would happen if you weren’t bringing home the same money you’re earning now? What if you were suddenly getting less – or nothing – for a long time?

Income protection

insurance insures you against loss of earnings through injury or illness. So it’s an excellent way to replace your lost pay packet and protect yourself and your dependents from temporary and long-term financial hardship.


How much does it pay?

Generally, income protection is a monthly benefit that pays around 75% of your income while you’re unable to work, and is based on your earnings prior to claim. 

Income protection insurance is usually tax deductible and designed to cover living costs. So even if you’re not earning your usual income, you can continue putting food on the table, paying the bills, and enjoying a quality standard of living.


Do you need Income Protection Insurance?

Very few families could get by without the main breadwinner’s salary or wage coming in.

Income protection insurance is essential if you are:
  • Keen to maintain your financial independence in the event of illness or injury
  • Paying off a mortgage
  • Supporting a family
  • Self-employed
  • A small business owner

 Insuranceline Income Protection at a glance:

  • We can pay up to 75% of your income, up to $10,000 per month when you're out of action. Pre-existing medical conditions are excluded
  • We offer affordable, tax deductible premiums from just a dollar a day+
  • Once you return to work, your plan stays in place in case you ever need it again

Apply for income protection with Insuranceline, or get a quick income insurance quote to see where you stand.

Important Information

Qualifying Periods apply after the Cover Commencement Date for Sickness and Injury Cover and mental health related conditions.  You will not be paid a Benefit amount for Sickness, Injury or mental health related conditions during Qualifying Periods.  A Qualifying Period applies when you first take out cover, and if you increase your Monthly Benefit amount.

Please refer to the Combined Product Disclosure Statement and Financial Services Guide for more information

+Premiums vary depending on personal circumstances, waiting periods, and generally increase with age and level of cover. Payouts are tax assessable.