Got a question? AAMI has you covered.
When do my payments start after my Income Protection claim is approved?
Starting from the date the medical practitioner gives you your diagnosis, a 30 day waiting period applies, and from then payments are made monthly in arrears. In other words, 60 days after you stop work, you’ll receive your first payment for the 30 days prior.
For the Disability Benefit, stopping work must be due to sickness or injury. For the Redundancy Benefit, it’s due to becoming involuntarily unemployed, and you must remain unemployed while actively seeking employment during that entire 30 day waiting period (some extra conditions apply – make sure you read the Income Protection PDS for all the details).
If you go back to work during a month you’re claiming, you’ll receive a portion of the monthly amount for the time you weren’t able to work. While you’re receiving your monthly benefit, we’ll let you take a break from paying your regular premiums so your income isn’t reduced.