Your browser version is no longer supported, so you may experience issues while using this site.
Please upgrade to a current browser to enjoy the best experience.
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
You might also be interested in
Insurance to protect against accidents only ('Accidental Injury Insurance')
You could receive an upfront lump sum payout rather than a monthly benefit.
You might also be interested in
Business Insurance
Insure your business's contents and stock against loss, theft or damage
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
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 Life Insurance PDS 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.
Join the 2.8 million Australians who "turn to AAMI"
Insurance you can trust
Trusted by 2.8 million Australians with their insurance needs1.
Unparalleled customer service
Support when you need us most.
AAMI Lucky Club
Get exclusive access to amazing experiences. Find out more.
Call 13 22 44 if you have any questions
- Includes customers of both AAI Limited ABN 48 005 297 807, AFSL 230859 (AAI), which is part of the Suncorp Group of companies and Asteron Life & Superannuation Limited (Asteron) which hold AAMI branded products. Asteron is part of the TAL Dai-ichi Life Australia Pty Limited ABN 97 150 070 483 group of companies (TAL). Asteron is authorised to use the AAMI brand. The Suncorp Group is a distributor of life insurance provided by TAL.
- Eligibility criteria and policy terms apply.
Asteron 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.
