About Income Protection

How it works

  • Income protection generally pays up to 75% of your income when you’re unable to perform all or part of your occupation due to sickness of injury
  • Structure your income protection to suit your individual circumstances – inside or outside of superannuation, or a mixture of the two (split income protection)


  • Find a level of cover that suits you and your budget
  • Insurers offer a range of income protection options, including percentage of income to cover, waiting periods and inside or outside of superannuation

It is a comprehensive income protection policy that may include:

  • Total Disability Benefit
  • Partial Disability Benefit
  • Rehabilitation Benefit
  • Specific Injuries Benefit
  • Crisis Benefit
  • Accommodation Benefit
  • Family Support Benefit
  • Home Care Benefit
  • Bed Confinement Benefit
  • Transportation Benefit

Optional benefits include:

  • Increasing Claim Option
  • Accident Option
  • Super Continuance Option

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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Want to protect your most valuable asset? Find out more about income protection which you can purchase directly. You are not required to apply through a financial adviser if you prefer this option, individual owners can apply directly for cover.


Related products


Income protection

Generally you can insure up to 75 per cent of your income, so you still have funds if you become sick or injured and unable to work.

Learn more

Business expenses insurance

Cover your business expenses 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 (PDS) 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 48 123 123 124

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.