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Special offer

Save up to 10% on premiums every year
Take out a quote and purchase by 30 Sept 2024 and save 5% for the life of your policy + existing customers save an extra 5%^.

Why is Income Protection important?

Income Protection is designed to help you get back on your feet. If you’re unable to work due to sickness or injury, AAMI Income Protection is here to help. With our Comprehensive Income Cover, you can receive up to 75% of your average income (less business expenses) over the previous 12 months, up to $10,000 a month. That way, you can keep on top of bills while you stay focused on recovering.

It’s up to you how you use your monthly benefits:

Rent or mortgage payments

Bills and credit card repayments

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Childcare and school fees

Or even basics like food, clothing or petrol

How does AAMI Income Protection work?

AAMI Life provides monthly payments during your benefit period to replace some of your income if you’re unable to work due to illness or injury.

Features and Benefits

Cover per month

Up to 75% of income* (less business expenses) to a maximum of $10,000 a month, for those working a minimum of 20 hours/week.

*75% of the average of the last 12 months’ pay at time of claim

Claim waiting period

Your choice of 14, 28, 60 or 90 days.

View the graph to find out more about the claim waiting period.

Claim benefit period

Your choice of 6, 12 or 24 or 60 months.

When are benefits paid?

Benefits build up from the end of the waiting period (after a successful claim has been made) and are then paid monthly.

You can choose the Accident Benefit Option which backdates benefits to the start of the 14 or 28-day waiting period in the event of an Accidental Injury. This benefit is not available on policies with a 60 or 90 day claim waiting period.

Extra benefits to help you get back to being fit for work.

Includes cover for pre-existing medical and mental health related conditions, if you meet health assessment criteria. 

Accident benefit option on 14 or 28-day waiting periods.

This is just a summary. For details about what is and isn’t covered, view the Combined Product Disclosure Statement (PDS) and Financial Services Guide (FSG) for eligibility, limits and exclusions.

Additional benefits

To stay on top of your policy, it’s good to know the little perks:

  • You can apply for Comprehensive Income Cover without any medical tests.
  • When you’re receiving benefits you won’t have to pay a premium.
  • If you’re an existing AAMI Insurance customer you’ll receive 5% off on AAMI Income Protection premiums for the life of the policy.
Applying is quick and easy
  • No lengthy forms or medicals
  • Get a quote in minutes
Get a quick quote

Life Insurance Guide
Unsure what you need?

Look at ways to protect yourself depending on your circumstances

Select what best describes you

I am young & single

I am in a couple

I have kids at home

I am mature & single

My kids have left home

What's not covered?

Unfortunately some events will not be covered by your policy


Normal and uncomplicated pregnancy, childbirth or miscarriage.


Any intentional acts of self-harm.

Drug and alcohol-related sickness or injury

Claims if you are over the legal blood alcohol limit for driving or have taken drugs (other than those prescribed for you and taken in the correct dose).

Unadvised overseas travel

If the claim occurs while in an Australian Department of Foreign Affairs & Trade (DFAT) issuing a 'Do Not Travel' warning advice.

Criminal activity

Claims caused as a result of or during committing or attempting to commit a criminal offence.

In jail or lawfully detained

Claims caused as a result of, or during, you being in jail or lawful detention.

War and terrorism

Terrorism, civil commotion or unrest; war, or an act of war.

Other exclusions may apply, including other specific exclusions agreed upon with you first and as listed in the policy schedule. Please see the PDS for further details.

Download PDS

If you’re having any issues paying your premium payments, no need to worry, we have options that can assist. Please give us a call so we can work out the best way to help you.

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Protect one of your biggest assets -your income

From rent or mortgage repayments to food and regular bills, school fees, day to day expenses, and those unexpected costs we rely on our incomes to cover some of the most important costs in our lives. A vital asset worth protecting, income protection can help you continue to cover these expenses if you’re unable to work due to sickness or injury.

Learn more about how income protection can help you stay on top of your expenses.

Income Protection Calculator

Find out how much cover you may need and calculate your premiums using the income protection calculator.

Not sure how much cover you may need?

 Try the Income Protection Insurance calculator

Unsure which insurance is right for you?

Select what best sounds like you

How to claim in 3 easy steps

In the unfortunate event that you need to make a claim, we're here to help.

1. Call us

Call us on 13 22 44 as soon as possible after the event

2. Receive a claims pack

We'll send you a claims pack to fill in

3. Complete form

Send us the completed claim form and requested information

Income Protection

Frequently asked questions


Join more than 2.2 million Australians who "turn to AAMI"

Insurance you can trust

Trusted by more than 2.2 million Australians with their insurance needs1.

Unparalleled customer service

Support when you need us most.

The AAMI App

Easily manage your insurance from your phone. Update policy details, make and track claims, renew policies and more! Find out more.

Call 13 22 44 if you have any questions

1. Total of customers which hold AAMI branded products, including life and general insurance. 

^ The ‘up to 10% discount’ offer is only available to customers who take out a quote and purchase a new AAMI Income Protection or Life Insurance policy between 1 July and 30 September 2024. All eligible customers will receive a 5% discount automatically applied to their AAMI Income Protection or Life Insurance premium for the life of the policy. Where an eligible customer is also an existing AAMI customer who holds any other AAMI branded insurance policy/ies such as home or car insurance, the 5% discount on premiums for Income Protection or Life Insurance will be automatically applied in addition to the 5% Existing AAMI Customer discount offered on Income Protection or Life Insurance. The two discounts combined amount to a total of 10% off Income Protection or Life Insurance premiums for the life of the new policy.

AAMI Life’s Commitment to the Life Insurance Code of Practice

AAMI Life Insurance policies are issued by TAL, who played a key role in creating the Life Insurance Code of Practice. AAMI Life is committed to delivering the best possible customer service standards. AAMI Life will continue to look for ways to raise the standards of customer service now and over the years to come. Read more

At TAL, we are committed to supporting our customers who may be experiencing vulnerability or have unique needs. Contact us or see how we can help if you are experiencing financial hardship or domestic and family violence.