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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 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:
Claim waiting period
Your choice of 14, 28, 60 or 90 days.
View the graph to find out more about the claim waiting period.
Extra benefits to help you get back to being fit for work.
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.
To stay on top of your policy, it’s good to know the little perks:
Applying is quick and easy
- No lengthy forms or medicals
- Get a quote in minutes
What's not covered?
Unfortunately some events will not be covered by your policy
Income Protection is designed to help you get back on your feet if you are sick or injured. For death cover, you may want to consider Life Insurance to protect those close to you.
For claims of less than 90 days duration.
The maximum benefit payable is 75% of your income. If you receive compensation from other sources such as disability benefits, these will be deducted from your monthly benefit payment.
If you are attempting to engage in or engaging in: mountaineering, abseiling, rock climbing or canyoning; diving to a depth of 45 metres or more, pothole diving, wreck diving or diving in a cave, you’re not covered under any AAMI Income Protection policy.
Want more details? View the Combined Product Disclosure Statement (PDS) and Financial Services Guide (FSG ).
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.
How to claim in 3 easy steps
1. Call us
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
For the Sickness and Injury cover, 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 5 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 Combined Product Disclosure Statement (PDS) and Financial Services Guide (FSG) to find out more.
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).
Most of the time, income protection premiums are tax deductible if you’re working (depending on a few individual circumstances). That means at tax time you may be able to claim your premium as a deduction and potentially save money.
If you suffer from the same or related sickness or injury that you have previously claimed for within 6 months of your last benefit being payable, we will recommence benefit payments without applying a new waiting period. These benefits will be added to the remaining benefit period to ensure the maximum payment under the benefit period is not exceeded. If you’ve made a full recovery in between claims then you will commence a new claim and the benefit period will restart.
1. Includes customers of Asteron Life & Superannuation Limited (Asteron) and TAL Life Limited (TAL Life) which hold AAMI branded products. Asteron and TAL Life are part of the TAL Dai-ichi Life Australia Pty Limited ABN 97 150 070 483 group of companies (TAL). Asteron and TAL Life are authorised to use the AAMI brand. The Suncorp Group is a distributor of life insurance provided by TAL.
2. Eligibility criteria and policy terms apply.
Asteron and TAL Life support and adhere 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 email@example.com or visit www.fsc.org.au.