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Compare Income Protection Insurance

Just a small payment today can help to protect your financial security in the future. Use the table below to compare Income Protection Insurance against Bill Cover to find out which one is best for you.

 

Income Protection Cover

Bill Cover

Available to Australian residents aged 18 to 59

Yes

Yes –
Acceptance guaranteed

Choose your Benefit Amount

From $1,000–$10,000 a month – up to 75% of your pre-tax monthly salary

From $1,000–$3,500 per month

Choose your Waiting Period

30 or 90 days

30 days

Choose your Benefit Period

6 months, 1 year, 2 years or 5 years

6 months, 1 year, or 2 years

No medical or blood tests to apply

Yes

Yes

Tax deductible premiums

Yes

Yes
If you are earning an income

Guaranteed renewable1

Until age 65

Until age 75

Children’s Insurance optional extra

Yes

Yes

Homemaker Insurance optional extra

Yes

No

Final Expenses Insurance optional extra

Yes

No

Rehabilitation Benefits optional extra

Yes

No

24/7 cover worldwide

Yes

Yes

Flexible levels of cover

Yes

Yes

No premiums while you’re off work2

Yes

Yes

Hospital cash benefit at no extra cost3

No

Yes

This is a summary of our Income Protection Cover and Bill Cover Policy features and benefits. For full details and to decide which cover is right for you, download our Product Disclosure Statement.


  1. As long as you pay your premiums on time, we guarantee to renew your cover.
  2. If you’re receiving an income benefit from us, we will reimburse each monthly premium amount in arrears when we pay your monthly claim. We’ll also refund any premiums you’ve paid during the Waiting Period.
  3. We’ll pay you $100 a day for up to 10 days if you’re in hospital because of an Accident.