Suncorp Income Protection Insurance

Looking after your income is now even easier with optional redundancy cover

  • 75% of your income covered up to $10,000 a month
  • 75% of your income up to $4,000/mth for three months
    if you are involuntary unemployed (optional cover)
  • Hundreds of occupations covered
  • Easy buy online, no medical tests required at application

Why should I have Income Protection with redundancy cover?

Income protection is designed to help keep your life on track while you can’t work due to sickness or injury. It can provide valuable financial support which lets you focus on getting well again. You also have the option to add redundancy cover to help protect your lifestyle while you’re looking for work.

You might like to consider Income Protection with optional redundancy cover if you:

  • Rely on your income for daily life
  • Have bills, credit card, rent or a mortgage to pay
  • Want extra security for you or your family
  • Want to maintain your lifestyle regardless of what happens

Why insure with Suncorp?

  • Over 630,000 customers across Australia & NZ
  • We pay an average of $1.5M in claims every day
  • Cancel anytime within 30 days

SLSL, June 2014

Join 630,000 customers across Australia *

Apply online today

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SLSL, June 2014 *

Features & benefits

  • Up to $10,000 monthly benefits You can choose to insure up to 75% of your monthly income from $1,000 to $10,000 per month for disability, and from $1,000 to $4,000 per month for optional redundancy cover.
  • No medical tests at application Apply in minutes and get immediate cover. All you need to do is answer a few simple questions.
  • Flexible payout periods You choose how long we will pay approved monthly disability benefits for up to 2 years in the event of a claim, or 3 months if you are made redundant.
  • Cover up to age 65 Provided your cover has not ceased under the terms of the policy, we guarantee to renew your disability cover every year until your 65th birthday, even if your health changes. Your optional redundancy cover is a yearly renewable contract which is valid until you reach your 65th birthday (unless it has ceased earlier).
  • Easy claiming In the event of a claim, simply call us on 1800 257 008 and we will then send you a claim pack with full details on the documents we require including passport/identification, financial documents and medical notes. You’ll receive your first monthly benefit 30 days after you complete your waiting period.

This is just a summary. For full details about what is and isn’t covered, check the PDS (Product Disclosure Statement) for such things as when you may or may not be eligible for a benefit such as the redundancy benefit (if applicable), and waiting and no claim periods, payout limits and exclusions.

How much is it?

You could get Income Protection from less than $5/week, or $16/week if you include redundancy cover. How much you pay depends on your age, gender, occupation, smoking status, benefit period and amount of cover requested. Please note your premium for the disability benefit will usually go up each year because of your age and indexation. Read the PDS for more details.

Sample premiums

The premiums in these tables are a sample only as not all ages or monthly benefits are represented. The premium which applies to you may differ depending on your own circumstances. These tables do not include any renewal premiums.

  • Matt, 25, Non-Smoker

    Occupation:Teacher Disability Benefit:$3,500 Redundancy Benefit:$3,500Total Premium:$67.18
  • Peter, 35, Non-Smoker

    Occupation:Carpenter Disability Benefit:$4,000 Redundancy Benefit:$0Total Premium:$67.55
  • Susan, 30, Non-Smoker

    Occupation:Receptionist Disability Benefit:$2,300 Redundancy Benefit:$2,000Total Premium:$45.63
  • Jane, 35, Non-Smoker

    Occupation:Accountant Disability Benefit:$6,250 Redundancy Benefit:$4,000Total Premium:$108.28

Am I eligible?

You can apply for Suncorp Income Protection Insurance if you are:

  • Aged between 18 and 60 (inclusive)
  • An Australian citizen or permanent resident of Australia
  • Working at least 20 hours per week in your primary occupation

apply online now

And help make sure your lifestyle is protected.

Get a quote

or call 1800 257 008