Why do I need income protection insurance?

If you suddenly couldn't work due to injury or illness, what would happen to your way of life?

Do you have enough savings and sick leave to meet your regular living costs? If so, how long would they last for?

Medibank Income Protection Insurance can help you maintain your lifestyle when the unexpected happens. You might insure things like your car or your home, but have you considered insuring the income that pays for those things?

Income Protection can provide you with regular monthly payments to help with your finances so you can focus on recovering.

When to consider Income Protection Insurance?

Happy family with financial dependants

Financial Dependants

Do members of your family rely on your income? Would your partner, parents or dependents be able to cover your expenses if you couldn't? Income protection insurance can help support your family if you’re unable to work.

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Financial Commitments

Do you have a mortgage or other living expenses? Would you find yourself under financial stress if you were no longer able to work due to injury or illness? Medibank Income Protection can provide you with peace of mind with cover up to 75% of your pre-tax income.

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Self-employed Income Protection

If you're self-employed, would a personal injury or illness disrupt your ability to earn an income? Income protection insurance can help you stay on top of bills when the unexpected happens.

A person recovering from a manual job injury

Manual jobs

Will you be able to continue working after an injury or sickness? Medibank Income Protection Insurance can help support your financial life while you focus on your recovery.

Why choose Medibank Income Protection Insurance?

Medibank Income Protection can help you maintain your lifestyle when the unexpected happens. 

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Choose your benefit amount

Receive up to 75% of your pre-tax earnings, up to a total of $7,500 per month^.

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Choose your benefit period

Nominate how long you want your monthly benefits paid for up to 1, 2 or 5 years.

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Choose your waiting period

Choose between a 30 or 90 day waiting period, being the period following a claim that no benefit is payable.

How do I find out more?

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Want to talk to someone?

Whatever your life stage or circumstance, we're here to help. Call us on 1300 722 568, we are open Monday to Friday from 8:00am to 8:00pm.

Give us a call

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Life Insurance Code of Practice

The Life Insurance Code of Practice is the life insurance industry’s commitment to customer service standards and it’s designed to protect you, the customer.   

Learn more

Help & Resources

Find more information and resources to help you make the most of your life insurance, income protection or funeral insurance.

Find out more

Looking for a different cover?

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Life Insurance

Medibank Life Insurance means providing for your family when you can't. Apply for up to $2.5 million, depending on age and income.

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Funeral Insurance

Medibank Funeral Insurance can help reduce the burden on those left behind by providing your loved ones with financial assistance if you pass away.

Things you should know

Any advice provided is general only and doesn’t consider your objectives, financial situation or needs. You should carefully read the relevant Product Disclosure Statement (which sets out the product terms, conditions and exclusions) and Financial Services Guide available here to ensure the product is right for you.

Medibank life insurance products are issued by the insurer, Swiss Re Life & Health Australia Limited ABN 74 000 218 306, AFSL 324908 (Swiss Re). Medibank life insurance products are distributed by Greenstone Financial Services Pty Ltd ABN 53 128 692 884, AFSL 343079 (GFS), and promoted by Medibank Private Limited ABN 47 080 890 259, AR 286089 (Medibank Private). Medibank Private is an authorised representative of GFS.

Your personal information will be handled in accordance with our Privacy Collection Notice.

^ - Depending on your income, you can apply for up to 75% of your pre-tax earnings. Minimum cover of $1,000 and a maximum of $7,500 per month.

Have questions?

Our team of experts are ready to help!

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