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

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

Learn more about financial planning

Inventory and risk management

Seven out of 10 small businesses don’t recover from major fire, storm or flood. This is due to owners not taking out business interruption insurance.

Learn more

Financial template plan

Many small businesses fail because of insufficient planning and funding. So try our easy-to-use financial plan template.

Learn more

Financial growth

The trick is to give your business the money it needs to grow, without starving it of current cash flow. 

Learn more

Moving on up

How do you make the journey from self-employed to entrepreneur? 

Learn more