Income Protection Insurance

Income Protection helps you feel confident in your family’s financial security. 

  • Comprehensive cover up to 75% of your income up to $10,000 a month
  • Quick and easy to apply
  • 5% off your premium with our multi-policy discount if you’re an existing Suncorp Insurance customer
Save up to 10% on premiums every year

Take out a quote and purchase by 31 July 2025 and save 5% for the life of your policy + existing Suncorp customers save an extra 5%^.

T&Cs apply.

What does Income Protection Insurance cover?

Income protection insurance provides with financial support if you are unable to work, for longer than the waiting period, due to sickness or injury. It offers regular monthly payments for a set period, helping you cover essential expenses such as bills, rent, or mortgage payments.

With Suncorp Income Protection Insurance, you can receive up to 75% of your pre-tax income, with a maximum benefit of $10,000 per month.

Key features & benefits

Maximum benefit amount

Choose a cover amount up to $10,000 a month or 75% of income*

Cover amount increases yearly in line with inflation and your premiums will adjust to reflect the increase

*75% of the average of the last 12 months’ pay at time of claim

Benefit period

Receive income payments for 6 months, 1 year, 2 years or 5 years – you choose!

Waiting period

Your choice of a 14, 28, 60 or 90 day waiting period before your benefit period starts.

Assistance returning to work

Partial benefits are paid to supplement earning capacity, to assist your return to work on claim benefit periods of 2 years or 5 years.

Recovery Support Benefit

If you are bed confined for longer than the waiting period, you may receive extra financial support for the first two months of the claim period. This could help cover expenses for childcare, nursing care, housekeeping, travel to medical appointments and more.

Cover for mental health and pre-existing conditions

Includes coverfor pre-existing medical and mental health1 related conditions, if you meet health assessment criteria.

Please see the PDS for further details.

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 Covered

No benefit will be payable if the sickness or injury is caused or contributed by:

  • Pregnancy (normal and uncomplicated)
  • Self-harm
  • Drug and alcohol related sickness or injury
  • Criminal activity
  • War and terrorism

Other exclusions may apply, including other specific exclusions agreed upon with you first and as listed in the policy schedule. Please see the PDS for further details.

Want to know more?

For full details of what is and isn’t covered, please refer to the PDS.

How income protection can help you and your family

Once your income protection claim is approved, you can use your monthly benefit to help with any expenses or other needs, including:

Rent or mortgage payments

Bills and credit card repayments

Childcare and school fees

Everyday essentials like food, clothing, and petrol

Learn more about Income Protection Insurance

What is Income Protection and how does it work?

Life is unpredictable, and if sickness or injury temporarily prevents you from working, Income Protection could provide financial support while you recover provided you have been sick or injured for longer than the waiting period. The monthly benefit helps cover essential expenses, giving you peace of mind so you can focus on getting better.

In Australia, Income Protection policies vary, offering different levels of coverage to suit individual needs. Understanding how it works can help you make informed decisions about securing your financial future.

Understanding Waiting Period & Benefit Period

The Waiting Period and Benefit Period are key factors in how your income protection policy works. The Waiting Period is the time you need to wait after your claim is accepted before your benefits commence. During this time, you won’t be paid any benefits;  while the Benefit Period is how long you’ll receive payments if you remain unable to work.

Choosing the right combination can impact your coverage and premiums, so it's important to understand what suits your needs. 

Calculate your income protection cover

Use the Income Protection calculator to help you get an indication of how much cover you may need

Try the Income Protection Calculator

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

Frequently Asked Questions

Insights and stories

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How to apply for Income Protection Cover

Call the Suncorp Life Team

For help with a quote, contact the Suncorp Life team about Income Protection Insurance today.

View our operating hours

Call 13 11 55

Apply online

Get a quote and apply online in minutes

Apply now

Suncorp Life’s Commitment to the Life Insurance Code of Practice

Suncorp Life Insurance policies are issued by TAL, who played a key role in creating the Life Insurance Code of Practice. Suncorp Life is committed to delivering the best possible customer service standards. Suncorp Life will continue to look for ways to raise the standards of customer service now and over the years to come. Read more.

At TAL, we are committed to supporting our customers who may be experiencing vulnerability or have unique needs. Contact us or see how we can help if you are experiencing financial hardship or domestic and family violence.

1Cover for Mental Health Related Conditions commences 6 months after the Cover Issue Date, and no Benefit is payable for such conditions if they occur during the first 6 months of the cover issue date. Mental health claims are limited to a maximum of 2 years over the life of the policy or the policy’s claim benefit period, whichever is shorter.

^The ‘up to 10% discount’ offer is only available to customers who take out a quote and new Suncorp Income Protection or Life Insurance policy between 1st of April and 31st of July 2025. All eligible customers will receive a 5% discount automatically applied to their Suncorp Income Protection or Life Insurance premium for the life of the policy. Where an eligible customer is also an existing Suncorp customer who holds any other Suncorp branded insurance policy/ies such as home or car insurance, the 5% discount on premiums for Income Protection or Life Insurance will be automatically applied in addition to the standard 5% Existing Customer discount offered on Income Protection or Life Insurance. The two discounts combined amount to a total of 10% off Income Protection or Life Insurance premiums for the life of the policy.

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

Waiting Period Infographic

Operating Hours

Quotes and sales: Mon-Fri 8am-7pm, Sat 9am-4pm (AEST)

Customer service: Mon-Fri 8am-6pm (AEST)

Claims: Mon-Fri 8am-5:30pm (AEST)