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Why is Income Protection important?
Income Protection is designed to help you get back on your feet, covering 75% of your monthly income up to $10,000/month if you’re unable to work due to sickness or injury. We’ll pay a monthly benefit into your bank account or credit card so you’re able to stay on top of bills and maintain your lifestyle while focusing on your recovery.
Adding optional redundancy cover could help extend your AAMI cover by having a benefit that pays out 75% of your income up to $4,000/month for up to three months while you are out of work due to involuntary unemployment. A no claim period and a waiting period apply to this benefit.
Want to learn more about Income Protection? Watch this 60 second video to learn more
It’s up to you how you use your monthly payment, it might help cover:
What's included?
Features and Benefits
This is just a summary. For full details about what is and isn't covered, check the PDS (Product Disclosure Statement) or Financial Services Guide for such things as when you may or may not be eligible for a benefit such as the redundancy benefit (if applicable), and waiting and no claim periods, payout limits and exclusions. It's dry, we know, but essential reading.
Applying is quick and easy
- No lengthy forms or medicals
- Get a quote in 30 seconds
Life Insurance Guide
Unsure what you need?
Look at ways to protect yourself depending on your circumstances
Select what best sounds like you
What's not covered?
Unfortunately some events will not be covered by your policy
Want more details? View the Product Disclosure Statement or Financial Services Guide
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You could receive an upfront lump sum payout rather than a monthly benefit.
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How to claim in 3 easy steps
In the unfortunate event that you need to make a claim, we're here to ensure you receive the help you need as quickly and painlessly as possible. 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 will send you a claims pack to fill in
3. Complete form
Send us the completed claim form & requested information
Income Protection
Frequently asked questions
Income protection replaces some of your income if you’re unable to work due to sickness or injury. You can choose the proportion you wish to insure up to a maximum of 75% of your income, up to $10,000 per month. You also choose the maximum amount of time you would receive monthly payments - either 1 or 2 years.
As long as you pay premiums and continue working, the cover is in generally in place until you’re aged 65.
Refer to question 9. “How long does Income Protection last for” for further details.
You can choose the monthly benefit to apply for up to a maximum of 75% of your taxable monthly earnings, up to $10,000 per month for Income Protection and $4,000 per month for optional redundancy cover...
We’re sorry you’re thinking of cancelling. For policy cancellations or to discuss your situation further, please call us on 13 22 44. If you do cancel, you may qualify for a refund for the unexpired portion of the premium less our cancellation fee and any non-refundable government charges (if applicable).
Depending on your individual circumstances, income protection premiums are usually tax deductable if you’re working, which means you could save at tax time.
Claiming is easy, simply contact us on 13 22 44 as soon as you need to claim, we are available 24/7.
You will need to complete a claim form and provide other documents including your passport/identification, financial documents and medical notes.
Full details about the information you need to provide are outlined in the claim pack we will send to you.
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Call 13 22 44 if you have any questions
1. Includes customers of both AAI Limited and Suncorp Life & Superannuation Limited which hold AAMI branded products
2. Eligibility criteria and policy terms apply.
Suncorp supports and adheres to the Life Insurance Code of Practice (Code). The Code has been developed voluntarily by the Life Insurance industry through the Financial Services Council to promote high standards of service to consumers, provide a benchmark of consistency within the industry, and establish a framework for professional behaviour and responsibilities. Download the Code here. For more information contact the Financial Services Council on (02) 9299 3022 (local call cost), email info@fsc.org.au or visit www.fsc.org.au
AAMI Lucky Club offers unique experiences exclusive to our customers. Access to shows, events and attractions with a little something extra – for you to enjoy with family and friends. That’s not very insurancey.
