Income Protection Insurance
Protect one of your most important assets - your ability to earn an income.
It provides for a replacement income of up to 75% of your pre-tax income if you are unable to work due to Sickness or Injury. You may even be eligible for a benefit if you are able to work but at a reduced capacity. There are two types of Income Protection Insurance to choose from:
- Standard Income Protection Insurance
- Comprehensive Income Protection Insurance
Additional Insurance can also be included to cover the expenses essential to the operation of a business.
| Feature |
Description |
| Suncorp Standard Income Protection Insurance |
- Interim Cover
- Total Disability, Partial Disability
- Choice of waiting period
- Choice of benefit period
- Guaranteed Renewable
- Indexation
- 24 hour World Wide Cover
- Non-Smoker Discount
- Return to work during the waiting period
- Waiver of Premium
- Concurrent Disability
- AIDS Cover
- Claims escalation (extra cost)
- Death Benefit
- Rehabilitation Program
- Recurrent Disability
Optional Benefits: Business Expenses, Day 3 Accident Cover (not available for S3 occupations) |
| Suncorp Comprehensive Income Protection Insurance |
- Interim Cover
- Total Disability, Partial Disability
- Choice of waiting period
- Choice of benefit period
- Guaranteed Renewable
- Indexation
- 24 hour World Wide Cover
- Non-Smoker Discount
- Return to work during the waiting period
- Waiver of Premium
- Extended Waiver on Premium
- Involuntary Unemployment
- Specified Injury, Specified Trauma
- Concurrent Disability
- AIDS Cover
- Transplant and Cosmetic Surgery
- Leave without Pay – maternity, paternity, sabbatical, study or compassionate leave
- Death Benefit
- Recurrent Disability
- Family Accommodation
- Family Care
- Claims escalation
- Death Benefit
- Rehabilitation Program
- Bed Confinement
- Rehabilitation Aides and Equipment
Optional benefits: Guaranteed Agreed Value, Business Expenses (not available for S3 Occupations), Day 3 Accident Cover (not available for S3 Occupations) |
| Income Provide Insurance |
Suncorp Income Provide Insurance is designed to provide continuing income if you are unable to work due to Sickness or Injury. It is renewable every year until the Renewal Date immediately prior to your 60th birthday. However, Suncorp has the option to decline renewal of your Policy or any other Policy Owner’s Income Provide Policy entirely at its discretion. Suncorp Income Provide Insurance is designed specifically with Blue Collar and high-risk occupations in mind.
- Choice of 1 or 2 year benefit period for any one Sickness or Injury
- Total Disability
- 24 hour World Wide Cover
|
Product Disclosure Statement
Term Life Insurance includes Superannuation Term Life Insurance and Yearly Renewable Term Life Insurance. Life Insurance products (except for Superannuation Term Life Insurance) are issued by Suncorp Life & Superannuation Limited ABN 87 073 979 530 AFSL 229880 ('SLSL'). Superannuation Term Life Insurance is issued by Suncorp Portfolio Services Limited ABN 61 063 427 958 AFSL 237905 ('SPSL'). Life insurance is provided by SLSL. If you purchase Suncorp Superannuation Term Life Insurance, you become a member of the Suncorp Master Trust ABN 98 350 952 022 and become entitled to benefits under life insurance policies held by SPSL, as trustee of the Suncorp Master Trust. Please read the relevant Product Disclosure Statement before you make any decisions regarding any Life Insurance products. Contact us for a copy.
*Waiting Period restrictions apply. Refer to the Recovery Protect PDS (PDF, 109k) or the Financial Protection Plan PDS for more information.
