Got a question? AAMI has you covered.
How long do Income Protection Insurance payments last?
For the Redundancy Benefit, you can be paid for up to 3 months on any one claim, as long as you continue to be involuntarily unemployed during that time.
For the Disability Benefit, it depends on the benefit period you have chosen. Each time you make a claim that’s accepted, you can be paid for up to 1-2 years, as long as you’re still unable to work due to the sickness or injury during that time.
You can claim as many times as you need over the life of the policy. The payment of benefits is subject to the relevant terms that apply to your policy, including any exclusions or limitations – check out the Income Protection PDS to find out more.