Income Protection can help if you become ill or injured (at any time) and can’t work. It provides monthly payments to support you while you’re not earning your regular salary.
Income Protection can help if you become ill or injured (at any time) and can’t work. It provides monthly payments to support you while you’re not earning your regular salary.
Cover you get when you join
If you’re 25 or older when you join us, you’ll get a basic level of Income
Protection cover (depending on the plan or division you join) and you won’t
have to give us any health information.
Your cover is age-based, so the amount and cost of it will change as you get
older.
You’ll get a benefit payment period of up to two years with a 60 day
waiting period.
It starts once you’ve turned 25; and when your super balance reaches $6,000;
and you’re receiving employer super contributions (age limits and other conditions
apply). The cost is automatically deducted from your super account.
What age-based cover will I get and how much will it cost?
Select your age to see how much cover you could get when you join and the cost of it.
Assumptions
Age-based cover amounts and costs are for members in our AustralianSuper Plan, with a Blue Collar individual work rating, a 60 day Income Protection waiting period and a two year Income Protection benefit payment period. You should check the Product Disclosure Statement. for your division for full details including how much cover you get when you join and the cost of it.
If you’re a member of AustralianSuper Select details about your cover and the cost are in the Select booklet for your employer. Find your employee booklet here.
Tell us your age
Age: 15
Death cover
Amount: $0
Weekly cost: $0
Total & Permanent Disablement cover
Amount: $0
Weekly cost: $0
Income Protection cover
Amount (a month): $0
Weekly cost: $0
Total weekly cost of cover: $0
Costs are deducted from your account monthly.
Age: 16
Death cover
Amount: $0
Weekly cost: $0
Total & Permanent Disablement cover
Amount: $0
Weekly cost: $0
Income Protection cover
Amount (a month): $0
Weekly cost: $0
Total weekly cost of cover: $0
Costs are deducted from your account monthly.
Age: 17
Death cover
Amount: $0
Weekly cost: $0
Total & Permanent Disablement cover
Amount: $0
Weekly cost: $0
Income Protection cover
Amount (a month): $0
Weekly cost: $0
Total weekly cost of cover: $0
Costs are deducted from your account monthly.
Age: 18
Death cover
Amount: $0
Weekly cost: $0
Total & Permanent Disablement cover
Amount: $0
Weekly cost: $0
Income Protection cover
Amount (a month): $0
Weekly cost: $0
Total weekly cost of cover: $0
Costs are deducted from your account monthly.
Age: 19
Death cover
Amount: $0
Weekly cost: $0
Total & Permanent Disablement cover
Amount: $0
Weekly cost: $0
Income Protection cover
Amount (a month): $0
Weekly cost: $0
Total weekly cost of cover: $0
Costs are deducted from your account monthly.
Age: 20
Death cover
Amount: $0
Weekly cost: $0
Total & Permanent Disablement cover
Amount: $0
Weekly cost: $0
Income Protection cover
Amount (a month): $0
Weekly cost: $0
Total weekly cost of cover: $0
Costs are deducted from your account monthly.
Age: 21
Death cover
Amount: $0
Weekly cost: $0
Total & Permanent Disablement cover
Amount: $0
Weekly cost: $0
Income Protection cover
Amount (a month): $0
Weekly cost: $0
Total weekly cost of cover: $0
Costs are deducted from your account monthly.
Age: 22
Death cover
Amount: $0
Weekly cost: $0
Total & Permanent Disablement cover
Amount: $0
Weekly cost: $0
Income Protection cover
Amount (a month): $0
Weekly cost: $0
Total weekly cost of cover: $0
Costs are deducted from your account monthly.
Age: 23
Death cover
Amount: $0
Weekly cost: $0
Total & Permanent Disablement cover
Amount: $0
Weekly cost: $0
Income Protection cover
Amount (a month): $0
Weekly cost: $0
Total weekly cost of cover: $0
Costs are deducted from your account monthly.
Age: 24
Death cover
Amount: $0
Weekly cost: $0
Total & Permanent Disablement cover
Amount: $0
Weekly cost: $0
Income Protection cover
Amount (a month): $0
Weekly cost: $0
Total weekly cost of cover: $0
Costs are deducted from your account monthly.
Age: 25
Death cover
Amount: $116,000
Weekly cost: $0.94
Total & Permanent Disablement cover
Amount: $48,000
Weekly cost: $0.33
Income Protection cover
Amount (a month): $1,900
Weekly cost: $0.48
Total weekly cost of cover: $1.74
Costs are deducted from your account monthly.
Age: 26
Death cover
Amount: $132,000
Weekly cost: $1.10
Total & Permanent Disablement cover
Amount: $52,000
Weekly cost: $0.37
Income Protection cover
Amount (a month): $2,000
Weekly cost: $0.56
Total weekly cost of cover: $2.03
Costs are deducted from your account monthly.
Age: 27
Death cover
Amount: $147,000
Weekly cost: $1.26
Total & Permanent Disablement cover
Amount: $56,000
Weekly cost: $0.42
Income Protection cover
Amount (a month): $2,200
Weekly cost: $0.68
Total weekly cost of cover: $2.37
Costs are deducted from your account monthly.
Age: 28
Death cover
Amount: $161,000
Weekly cost: $1.43
Total & Permanent Disablement cover
Amount: $58,000
Weekly cost: $0.46
Income Protection cover
Amount (a month): $2,300
Weekly cost: $0.78
Total weekly cost of cover: $2.68
Costs are deducted from your account monthly.
Age: 29
Death cover
Amount: $175,000
Weekly cost: $1.61
Total & Permanent Disablement cover
Amount: $61,000
Weekly cost: $0.54
Income Protection cover
Amount (a month): $2,400
Weekly cost: $0.89
Total weekly cost of cover: $3.04
Costs are deducted from your account monthly.
Age: 30
Death cover
Amount: $178,000
Weekly cost: $1.67
Total & Permanent Disablement cover
Amount: $61,000
Weekly cost: $0.59
Income Protection cover
Amount (a month): $2,500
Weekly cost: $1.05
Total weekly cost of cover: $3.31
Costs are deducted from your account monthly.
Age: 31
Death cover
Amount: $182,000
Weekly cost: $1.78
Total & Permanent Disablement cover
Amount: $60,000
Weekly cost: $0.64
Income Protection cover
Amount (a month): $2,600
Weekly cost: $1.20
Total weekly cost of cover: $3.62
Costs are deducted from your account monthly.
Age: 32
Death cover
Amount: $183,000
Weekly cost: $1.90
Total & Permanent Disablement cover
Amount: $59,000
Weekly cost: $0.70
Income Protection cover
Amount (a month): $2,700
Weekly cost: $1.38
Total weekly cost of cover: $3.98
Costs are deducted from your account monthly.
Age: 33
Death cover
Amount: $183,000
Weekly cost: $1.99
Total & Permanent Disablement cover
Amount: $57,000
Weekly cost: $0.76
Income Protection cover
Amount (a month): $2,800
Weekly cost: $1.57
Total weekly cost of cover: $4.32
Costs are deducted from your account monthly.
Age: 34
Death cover
Amount: $183,000
Weekly cost: $2.07
Total & Permanent Disablement cover
Amount: $56,000
Weekly cost: $0.83
Income Protection cover
Amount (a month): $2,900
Weekly cost: $1.77
Total weekly cost of cover: $4.67
Costs are deducted from your account monthly.
Age: 35
Death cover
Amount: $180,000
Weekly cost: $2.14
Total & Permanent Disablement cover
Amount: $53,000
Weekly cost: $0.87
Income Protection cover
Amount (a month): $3,000
Weekly cost: $1.98
Total weekly cost of cover: $4.99
Costs are deducted from your account monthly.
Age: 36
Death cover
Amount: $178,000
Weekly cost: $2.23
Total & Permanent Disablement cover
Amount: $51,000
Weekly cost: $0.93
Income Protection cover
Amount (a month): $3,000
Weekly cost: $2.13
Total weekly cost of cover: $5.29
Costs are deducted from your account monthly.
Age: 37
Death cover
Amount: $174,000
Weekly cost: $2.30
Total & Permanent Disablement cover
Amount: $49,000
Weekly cost: $0.99
Income Protection cover
Amount (a month): $3,000
Weekly cost: $2.28
Total weekly cost of cover: $5.57
Costs are deducted from your account monthly.
Age: 38
Death cover
Amount: $171,000
Weekly cost: $2.43
Total & Permanent Disablement cover
Amount: $47,000
Weekly cost: $1.06
Income Protection cover
Amount (a month): $3,100
Weekly cost: $2.54
Total weekly cost of cover: $6.03
Costs are deducted from your account monthly.
Age: 39
Death cover
Amount: $166,000
Weekly cost: $2.46
Total & Permanent Disablement cover
Amount: $45,000
Weekly cost: $1.13
Income Protection cover
Amount (a month): $3,100
Weekly cost: $2.70
Total weekly cost of cover: $6.29
Costs are deducted from your account monthly.
Age: 40
Death cover
Amount: $160,000
Weekly cost: $2.56
Total & Permanent Disablement cover
Amount: $43,000
Weekly cost: $1.20
Income Protection cover
Amount (a month): $3,100
Weekly cost: $2.91
Total weekly cost of cover: $6.67
Costs are deducted from your account monthly.
Age: 41
Death cover
Amount: $154,000
Weekly cost: $2.63
Total & Permanent Disablement cover
Amount: $40,000
Weekly cost: $1.24
Income Protection cover
Amount (a month): $3,100
Weekly cost: $3.10
Total weekly cost of cover: $6.97
Costs are deducted from your account monthly.
Age: 42
Death cover
Amount: $146,000
Weekly cost: $2.67
Total & Permanent Disablement cover
Amount: $37,000
Weekly cost: $1.28
Income Protection cover
Amount (a month): $3,100
Weekly cost: $3.35
Total weekly cost of cover: $7.30
Costs are deducted from your account monthly.
Age: 43
Death cover
Amount: $140,000
Weekly cost: $2.74
Total & Permanent Disablement cover
Amount: $34,000
Weekly cost: $1.31
Income Protection cover
Amount (a month): $3,100
Weekly cost: $3.57
Total weekly cost of cover: $7.61
Costs are deducted from your account monthly.
Age: 44
Death cover
Amount: $131,000
Weekly cost: $2.79
Total & Permanent Disablement cover
Amount: $32,000
Weekly cost: $1.36
Income Protection cover
Amount (a month): $3,100
Weekly cost: $3.84
Total weekly cost of cover: $8.00
Costs are deducted from your account monthly.
Age: 45
Death cover
Amount: $124,000
Weekly cost: $2.84
Total & Permanent Disablement cover
Amount: $29,000
Weekly cost: $1.37
Income Protection cover
Amount (a month): $3,100
Weekly cost: $4.12
Total weekly cost of cover: $8.33
Costs are deducted from your account monthly.
Age: 46
Death cover
Amount: $115,000
Weekly cost: $2.86
Total & Permanent Disablement cover
Amount: $27,000
Weekly cost: $1.42
Income Protection cover
Amount (a month): $3,100
Weekly cost: $4.43
Total weekly cost of cover: $8.71
Costs are deducted from your account monthly.
Age: 47
Death cover
Amount: $107,000
Weekly cost: $2.89
Total & Permanent Disablement cover
Amount: $23,000
Weekly cost: $1.35
Income Protection cover
Amount (a month): $3,000
Weekly cost: $4.59
Total weekly cost of cover: $8.82
Costs are deducted from your account monthly.
Age: 48
Death cover
Amount: $98,000
Weekly cost: $2.88
Total & Permanent Disablement cover
Amount: $21,000
Weekly cost: $1.36
Income Protection cover
Amount (a month): $3,000
Weekly cost: $4.86
Total weekly cost of cover: $9.10
Costs are deducted from your account monthly.
Age: 49
Death cover
Amount: $90,000
Weekly cost: $2.89
Total & Permanent Disablement cover
Amount: $19,000
Weekly cost: $1.37
Income Protection cover
Amount (a month): $3,000
Weekly cost: $5.22
Total weekly cost of cover: $9.48
Costs are deducted from your account monthly.
Age: 50
Death cover
Amount: $80,000
Weekly cost: $2.82
Total & Permanent Disablement cover
Amount: $17,000
Weekly cost: $1.37
Income Protection cover
Amount (a month): $3,000
Weekly cost: $5.61
Total weekly cost of cover: $9.79
Costs are deducted from your account monthly.
Age: 51
Death cover
Amount: $72,000
Weekly cost: $2.79
Total & Permanent Disablement cover
Amount: $15,000
Weekly cost: $1.34
Income Protection cover
Amount (a month): $3,000
Weekly cost: $6.00
Total weekly cost of cover: $10.12
Costs are deducted from your account monthly.
Age: 52
Death cover
Amount: $63,000
Weekly cost: $2.68
Total & Permanent Disablement cover
Amount: $13,000
Weekly cost: $1.29
Income Protection cover
Amount (a month): $2,900
Weekly cost: $6.18
Total weekly cost of cover: $10.14
Costs are deducted from your account monthly.
Age: 53
Death cover
Amount: $54,000
Weekly cost: $2.53
Total & Permanent Disablement cover
Amount: $11,000
Weekly cost: $1.22
Income Protection cover
Amount (a month): $2,900
Weekly cost: $6.61
Total weekly cost of cover: $10.36
Costs are deducted from your account monthly.
Age: 54
Death cover
Amount: $46,000
Weekly cost: $2.39
Total & Permanent Disablement cover
Amount: $10,000
Weekly cost: $1.25
Income Protection cover
Amount (a month): $2,900
Weekly cost: $7.08
Total weekly cost of cover: $10.72
Costs are deducted from your account monthly.
Age: 55
Death cover
Amount: $37,000
Weekly cost: $2.13
Total & Permanent Disablement cover
Amount: $9,000
Weekly cost: $1.28
Income Protection cover
Amount (a month): $2,800
Weekly cost: $7.31
Total weekly cost of cover: $10.72
Costs are deducted from your account monthly.
Age: 56
Death cover
Amount: $30,000
Weekly cost: $1.92
Total & Permanent Disablement cover
Amount: $7,000
Weekly cost: $1.14
Income Protection cover
Amount (a month): $2,800
Weekly cost: $7.78
Total weekly cost of cover: $10.85
Costs are deducted from your account monthly.
Age: 57
Death cover
Amount: $22,000
Weekly cost: $1.57
Total & Permanent Disablement cover
Amount: $6,000
Weekly cost: $1.13
Income Protection cover
Amount (a month): $2,800
Weekly cost: $8.32
Total weekly cost of cover: $11.01
Costs are deducted from your account monthly.
Age: 58
Death cover
Amount: $15,000
Weekly cost: $1.20
Total & Permanent Disablement cover
Amount: $6,000
Weekly cost: $1.28
Income Protection cover
Amount (a month): $2,800
Weekly cost: $8.85
Total weekly cost of cover: $11.33
Costs are deducted from your account monthly.
Age: 59
Death cover
Amount: $9,000
Weekly cost: $0.81
Total & Permanent Disablement cover
Amount: $6,000
Weekly cost: $1.48
Income Protection cover
Amount (a month): $2,700
Weekly cost: $9.07
Total weekly cost of cover: $11.36
Costs are deducted from your account monthly.
Age: 60
Death cover
Amount: $9,000
Weekly cost: $0.91
Total & Permanent Disablement cover
Amount: $5,000
Weekly cost: $1.30
Income Protection cover
Amount (a month): $2,700
Weekly cost: $9.69
Total weekly cost of cover: $11.90
Costs are deducted from your account monthly.
Age: 61
Death cover
Amount: $9,000
Weekly cost: $1.02
Total & Permanent Disablement cover
Amount: $5,000
Weekly cost: $1.57
Income Protection cover
Amount (a month): $2,600
Weekly cost: $9.98
Total weekly cost of cover: $12.58
Costs are deducted from your account monthly.
Age: 62
Death cover
Amount: $9,000
Weekly cost: $1.16
Total & Permanent Disablement cover
Amount: $5,000
Weekly cost: $1.86
Income Protection cover
Amount (a month): $2,600
Weekly cost: $10.61
Total weekly cost of cover: $13.63
Costs are deducted from your account monthly.
Age: 63
Death cover
Amount: $9,000
Weekly cost: $1.26
Total & Permanent Disablement cover
Amount: $5,000
Weekly cost: $2.14
Income Protection cover
Amount (a month): $2,600
Weekly cost: $11.28
Total weekly cost of cover: $14.68
Costs are deducted from your account monthly.
Age:64
Death cover
Amount: $9,000
Weekly cost: $1.31
Total & Permanent Disablement cover
Amount: $5,000
Weekly cost: $2.45
Income Protection cover
Amount (a month): $2,500
Weekly cost: $11.58
Total weekly cost of cover: $15.34
Costs are deducted from your account monthly.
Age:65
Death cover
Amount: $9,000
Weekly cost: $1.36
Total & Permanent Disablement cover
Amount: n/a
Weekly cost: n/a
Income Protection cover
Amount (a month): $2,400
Weekly cost: $11.86
Total weekly cost of cover: $13.22
Costs are deducted from your account monthly.
Age:66
Death cover
Amount: $9,000
Weekly cost: $1.41
Total & Permanent Disablement cover
Amount: n/a
Weekly cost: n/a
Income Protection cover
Amount (a month): $2,400
Weekly cost: $12.58
Total weekly cost of cover: $13.99
Costs are deducted from your account monthly.
Age: 67
Death cover
Amount: $9,000
Weekly cost: $1.47
Total & Permanent Disablement cover
Amount: n/a
Weekly cost: n/a
Income Protection cover
Amount (a month): $2,300
Weekly cost: $12.83
Total weekly cost of cover: $14.30
Costs are deducted from your account monthly.
Age:68
Death cover
Amount: $9,000
Weekly cost: $1.52
Total & Permanent Disablement cover
Amount: n/a
Weekly cost: n/a
Income Protection cover
Amount (a month): $2,200
Weekly cost: $12.41
Total weekly cost of cover: $13.92
Costs are deducted from your account monthly.
Age: 69
Death cover
Amount: $9,000
Weekly cost: $1.57
Total & Permanent Disablement cover
Amount: n/a
Weekly cost: n/a
Income Protection cover
Amount (a month): $2,200
Weekly cost: $8.05
Total weekly cost of cover: $9.62
Costs are deducted from your account monthly.
A few more things
How much your Income
Protection cover costs depends on your age, the amount of cover you have and
your individual work rating.
Income Protection
is available for ages 15 to 69. If
you think the basic cover you’re automatically provided with is not the right amount to
suit your needs you can apply for
fixed or extra (fixed) cover, apply to change your cover amount or cancel your
cover anytime.
The maximum amount
you can apply for is $30,000 a month or 85% of your salary, whichever is lower.
Up to 75% is paid to you and up to 10% to your super.
You can also choose a different benefit payment
period or waiting period. Your
benefit payment period is the maximum amount of time benefits may be paid. It can be changed to up to five years or up to age 65. Your waiting period is how
long you’ll wait before you start receiving payments and can be changed to 30
days.
Income Protection
covers total or partial disablement only. It doesn’t cover redundancy.
Insurance against loss of income from business closure or lack of shifts can’t
be provided by super funds.
Want to know more?
You can find out
more about Income Protection cover through AustralianSuper by reading our Insurance
in your super guide. You’ll find details about your insurance options
including cover designs, work ratings, changing or cancelling your cover,
standard exclusions and information about nominating your beneficiaries.
AustralianSuper insurance is provided by TAL Life Limited (the Insurer) ABN 70 050 109 450 AFSL 237848.
Do you have insurance already?
You may already have cover with another super fund, or life insurance you’ve taken out, or your employment EBA includes cover your employer pays for.
If you already have insurance and you’re thinking about transferring it to AustralianSuper, there’s a few things you need to think about before you do.
