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Out of action
Out of action: means the life insured is solely as a result of sickness or injury, as diagnosed by a medical practitioner and on his/her advice and in our opinion is: — unable to attend or engage in his/her usual occupation; — not working in or performing any occupation, whether income generating or not; and — under the regular care of and following the advice of a medical practitioner, including recommended courses of treatment
Sickness or injury
Sickness: means an illness or disease that first manifests itself or is first suffered by the life insured after the cover commencement date or in the case of an increase to a benefit, after the commencement of the increase, and which is diagnosed by a medical practitioner. Injury: means an accidental bodily injury suffered by the life insured after the cover commencement date or in the case of an increase to a benefit or the addition of a benefit, after the commencement of the increase or benefit addition.
Income Protection Insurance
Income Protection helps you feel confident in your family’s financial security. It can help replace up to 75% of your income for a period of time if you find yourself out of action due to sickness or injury and need to maintain your lifestyle.
- Comprehensive cover up to 75% of your income up to $10,000 a month
- Flexibility to tailor your policy
- Quick and easy to apply
Get a quick quote
Or call 13 11 55
What is Income Protection Insurance?
When you are injured or become ill and are no longer able to work, payments are made so that you can continue to pay your bills and help cover your living expenses. You can receive up to 75% of your pre-tax income up to $10,000 a month for a specified time if you are unable to work due to illness or injury.
Why is income protection insurance important?
Paying bills can be stressful if you’re struck by an unexpected illness or injury. Suncorp Income Protection Insurance provides peace of mind with regular monthly payments for a period of time to help keep your life on track if something goes wrong. There’s also built in financial assistance when returning to work and extra support for childcare to help protect your family.
How much does income protection insurance cost?
Help take control of your finances with Suncorp Income Protection, which you can tailor to suit your budget. How much you pay will depend on a few things, like your job, lifestyle and medical history, and the cover amount for bills and lifestyle costs. Get an income protection insurance quote online to see how you can personalise your policy.
Or call 13 11 55
Why Suncorp Income Protection?
Australian residents
Australian residents aged 18 to 60 working 20 or more hours a week.
Quick and easy to apply
Apply online or over the phone with no medical exams required for Australian residents aged 18-60
Flexible for you
See how you can help tailor a policy to suit your needs, lifestyle and budget
Comprehensive cover
You can choose to insure up to 75% of your income, up to $10,000 a month with Income Protect Plus Cover
Extra support if you’re out of action
Receive a Recovery Support Benefit for up to two months if you’re confined to bed as a result of sickness or injury
Easy claims process
If you need to make a claim, a dedicated claims manager will make the process as stress-free as possible
We are helping Australians every day
With over one million dollars in accident, illness or injury claims paid every day
Income protection features & benefits
Or call 13 11 55
Optional add-on
Accidental Injury Benefit
Designed to help you and your family with the financial strain of accidental injury, this will backdate the benefit payment to the date of your accidental injury, if it results in:
- Being totally out of action for the duration of the claim waiting period
- Remaining totally out of action beyond the end of the claim waiting period and eligible to receive a benefit or partial benefit
- The total benefits paid on any claim is up to the maximum claim benefit period nominated on your policy. The Accident Benefit Option is available if you take out Income Protect Plus Cover with a 14 or 28 day claim waiting period.
What's Not Included?
No benefit will be payable if the sickness or injury is caused directly or indirectly by:
In addition, these situations are not covered if you have the Income Protect Cover option:
Frequently Asked Questions
If you are unable to work due to illness or injury then your income protection insurance can pay you for a period of time until you can return back to work or for the agreed period.
According to the Australian Tax Office (ATO), you may be able claim the cost of the premiums that you pay for your income protection insurance against the loss of your income. You also need to include payments you receive through your income protection insurance as income.
If you are considering the tax implication of purchasing and receiving benefits under Suncorp Income Protection, it is important you seek independent, professional taxation advice.
Both are options to cover your income if you are injured or ill and unable to work. Income protection insurance can help replace up to 75% of your income and is payable from the insurance company your policy is with. Workers compensation is typically administered by the state and territory governments and is designed to cover employees for work related accidents and injuries.
Receiving a COVID-19 vaccination approved for use by the Therapeutic Goods Administration (TGA) in Australia will not affect the cover under your existing insurance policy. Suncorp Income Protection policies do not include exclusions or limitations related to COVID-19 including vaccine related side-effects. If you were to experience sickness or injury after receiving the COVID-19 vaccination, a claim can still be lodged for a benefit under your policy and your claim will be assessed and is subject to the terms and conditions of your policy. This includes doctors, nurses, health professionals, police and people working in quarantine hotels and services.
Suncorp Income Protection policies provide a benefit if you suffer an illness or injury and you are unable to work, in line with policy terms and conditions. Therefore, if your employer mandates that you are required to be vaccinated for COVID-19 and you are restricted from working as a result of choosing not to be vaccinated, you will not be entitled to make a claim against your policy for being unable to work if you are not suffering an illness or injury that is preventing you from working in your usual occupation or performing your usual daily activities.
Suncorp Funeral Insurance is here to help
Call the Suncorp Life Team
For help with a quote, contact the Suncorp Life team about Income Protection Insurance today.
Monday to Friday, 8am to 7pm (AEST),
Saturday 9am-4pm (AEST)
Customer service: Monday to Friday 8am-6pm (AEST)
Claims:
Monday to Friday,
8am to 5.30pm (AEST)
Sickness or injury
Sickness: means an illness or disease that first manifests itself or is first suffered by the life insured after the cover commencement date or in the case of an increase to a benefit, after the commencement of the increase, and which is diagnosed by a medical practitioner. Injury: means an accidental bodily injury suffered by the life insured after the cover commencement date or in the case of an increase to a benefit or the addition of a benefit, after the commencement of the increase or benefit addition.
Out of action
Out of action: means the life insured is solely as a result of sickness or injury, as diagnosed by a medical practitioner and on his/her advice and in our opinion is: — unable to attend or engage in his/her usual occupation; — not working in or performing any occupation, whether income generating or not; and — under the regular care of and following the advice of a medical practitioner, including recommended courses of treatment
Australian residents
Australian residents aged 18 to 60 working 20 or more hours a week.
Waiting period
