How To Save On Your Income Protection Premiums

To save on your income protection insurance premiums only insure for what is required.

Should you have sick leave owing or holiday leave this could be used as a safety net before you need to claim on your Income Protection Policy. By choosing a longer waiting period, e.g. 90 days, you could save 25% off your premiums.

Standard or Income Protection Plus?

You have the choice of standard income protection and income protection plus policies in the market place.

Income Protection Standard will cover you in the event of your falling ill or have had an accident and are unable to work till your benefit period, which is normally age 65. This is the least expensive type of income protection insurance although not recommended for most people.

Income Protection Plus will cover you for everything previously mentioned but does have some added advantages:

• Payments when they are most required like during the waiting period.
• Accident cover from day 1 and Bed Confinement Cover from day 3.
• Benefit for Accommodation.
• Twice the Income benefits for trauma conditions.
• Upfront payments for broken bones.
• Benefits for rehabilitation.
• Transportation benefits and home assistance.

Each situation is different. So please contact us on 1300 793 143 or submit the form on this page and find out how to save on income protection premiums for your particular case.