About Income Care

How it works

  • Replaces a proportion of your income if you are sick or injured and cannot work
  • Basic cover lets you insure up to 75 per cent of your income and offers a range of waiting and benefit periods
  • Tailor by taking up any or all of the following:
    • Increasing Claim Option
    • Accident Option
    • Super Continuance Option
  • You can include Business Overheads Cover which is designed for the self-employed. It covers the fixed operating expenses of a business if you are totally disabled
  • Premiums are based on considerations including age, health, gender, occupation, smoking habits, waiting period, benefit period and sum insured

For more information talk to your financial planner and ask for a PDS which describes the benefits in full. If you don’t have a financial planner, we can help you to make an appointment with a professional financial planner for a complimentary no obligations meeting.



Tax deductibility

  • The premium will generally be an allowable deduction from your assessable income under Section 8-1 of the Income Tax Assessment Act 1997
  • Applies whether you are self-employed or an employed person

Customise your insurance

Talk to your financial planner to ensure your insurance meets all your needs and discuss customising your insurance to suit you.

If you don’t have a financial planner, you can talk to one of ours.

  • Make an appointment for a complimentary, no-obligation meeting with a professional financial planner
  • Call 1300 131 103, 8am to 7pm (AEST) business days


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Related products

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Income Care Plus

Get all the benefits of the Income Care package as well as rehabilitation, crisis, accommodation, family support.

Learn more

Business Overheads Cover

Cover your business overheads if you are totally disabled.

Learn more

Talk to us

Call 131056

Call 13 1056

(8:00am-8:00pm AEST, Mon-Fri) 

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Important Information

Please refer to the relevant Product Disclosure Statement for full details of these benefits and when they are payable.

As this advice has been prepared without considering your objectives, financial situation or needs, you should, before acting on it, consider its appropriateness to your circumstances Income Protection, Life, Business Overheads, Total and Permanent Disability (TPD) and Trauma are components of CommInsure Protection. CommInsure Protection is issued by The Colonial Mutual Life Assurance Society Limited ABN 12 004 021 809 (CMLA). CMLA and the Trustee are wholly owned subsidiaries of Commonwealth Bank of Australia ABN 48 123 123 124. Commonwealth Bank of Australia does not guarantee the obligations or performance of CMLA or the Trustee or the products they offer.

Product Disclosure Statements (PDSs) describing CommInsure Protection is available from your Financial Adviser, by downloading them from this website or by calling 13 10 56 (from overseas call +61 13 10 56) and should be considered in making any decision about these products.

Commonwealth Financial Planners are representatives or authorised representatives of Commonwealth Financial Planning Limited ABN 65 003 900 169 AFSL 231139, a wholly owned but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 123 123 12 56 (from overseas call +61 13 10 56) and should be considered in making any decision about these products.

CMLA has entered into a Joint Cooperation Agreement with AIA Australia Limited (AIA) and Commonwealth Bank of Australia (CBA) for the joint operation of the CMLA and AIA businesses. AIA is part of the AIA Group, the largest publicly listed life insurance group in the Asia Pacific region with a presence in 18 markets. Whilst CBA will remain the ultimate shareholder of CMLA, under the terms of the Joint Cooperation Agreement AIA will have an appropriate level of direct management and oversight of the CMLA business.

CMLA’s Privacy Policy

As part of operationalising the Joint Cooperation Agreement, CMLA has adopted the AIA Australia Group Privacy Policy