Why can't I cover 100% of my income?
Income Protection cover is available for up to 75% of your monthly income to provide an affordable level of financial protection in the event of sickness or injury, and to provide enough financial support for you to return to work.
This often allows you to pay for expenses and focus on returning to work. To ensure that this benefit is in proportion to your lost income, it is based on your annual income during the 12 months immediately prior to any disability. This insurance is not designed to place you in a better financial position than you were before you made a claim.
To learn more about Income Protection Insurance, please refer to the PDS to learn more.