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Income Protection Insurance
Now with optional redundancy benefit. Keep your life on track if you are unable to work due to sickness, injury or redundancy.
Why insure with AAMI?
- Trusted by 2.8 million Australians1
- Apply online or over the phone
Why is Income Protection important?
Help keep your life on track if you are unable to work due to sickness, injury or involuntary unemployment.
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 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
- Rent or mortgage payments
- Bills and credit card repayments
- Childcare and school fees
- Or even basics like food, clothing or petrol
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 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:
Rent or mortgage payments
Bills and credit card repayments
Childcare and school fees
Or even basics like food, clothing or petrol
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
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.
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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
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 on 13 22 44 as soon as possible after the event
2. We will send you a claims pack to fill in
3. 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...
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.
Join the 2.8 million Australians who "turn to AAMI"
Insurance you can trust
Trusted by 2.8 million Australians with their insurance needs1.
Talk to a real person
Australian based call centres there to support you when you need us most.
Award winning insurance
Winner of the 2014 Plan for Life - Direct Life Insurance Overall Excellence award.
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.
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.
