Skip to main content Skip to main navigation

Income Protection Insurance

Health members save 10% off premiums.

Everyone's needs and circumstances are different, so Medibank Income Protection insurance offers you affordable cover with the flexibility to choose what works for you.

Medibank income protection insurance

Insurance that goes to work when you can’t

If you suddenly couldn't work, 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?

Icon Excess-level

Member discount

Medibank health insurance members save 10%.

Icon Price

Lump sum benefits

You could receive a lump sum payout if you suffer a permanent and total disability.

Icon award

Tax deductible

Premiums are generally tax deductible- check with your accountant for advice.

Icons write

Simple application

No medical or blood tests needed to apply.

Why consider Income Protection insurance?

Rely on your income

Whether it's just you, or you're supporting a family, paying bills, covering the mortgage and putting food on the table can be impossible if you can't work. Income protection can replace up to 75% of your income if you're unable to work due to sickness or injury^.

Don’t have enough savings

If you suddenly couldn’t work, would you struggle to meet your financial commitments using savings alone? Even if you have accumulated savings, do you want to see your hard work disappear with one bit of bad luck?

Business owner or self-employed

If you are self-employed, would a personal injury or illness disrupt your ability to earn an income?

Aren't protected by Worker’s Compensation

If you are injured or become sick in a situation where worker's compensation isn't able to cover you, how would you keep paying the bills?

This is general advice only and does not consider your individual objectives or financial situation. You should consider the Product Disclosure Statement to see if this product is right for you.

Why choose Medibank Income Protection?

Our Income Protection product helps you maintain your lifestyle when the unexpected happens. 

Icon Excess-level

Choose your benefit amount

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

Icon 24 by 7 Emergency

Choose your benefit period

Nominate how long you want your monthly benefits paid for, up to a maximum of 5 years.

Icon Buy Early

Choose your waiting period

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

Who can apply?

Australian residents aged between 18 and 59 years can apply. Your cover is renewable up to age 65. Even if you’re not working full time, we’ve still got great options for you. Request a quote online to start the process, or give us a call on 134 190.

Need some help?

Whatever your life stage or circumstance, check out our cover options for you and your family.

If our Medibank Income Protection option isn't the right fit, we have great alternatives like Medibank Life Insurance or Medibank Funeral Insurance. 

Call us on 134 190 and one of our specialists can talk you through our product options.

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.

We’ve got your questions answered

Things you should know

^ - 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.

Life Insurance

You should read the Medibank Starter Life Insurance Product Disclosure Statement and Financial Services Guide, the Medibank Life Insurance combined Product Disclosure Statement and Financial Services Guide carefully before deciding whether or not to buy that product.

Funeral Insurance

You should read the Medibank Funeral Insurance Product Disclosure Statement carefully before deciding whether or not to buy that product.

Income Protection

You should read the Medibank Income Protection Product Disclosure Statement carefully before deciding whether or not to buy that product.

Medibank life insurance products are issued by the insurer, Swiss Re Life & Health Australia Limited ABN 74 000 218 306; Australian Financial Services Licence No. (AFSL) 324908, Level 36, Tower Two, International Towers Sydney, 200 Barangaroo Avenue, Sydney NSW 2000. Medibank life insurance products are distributed by Greenstone Financial Services Pty Ltd (GFS) ABN 53 128 692 884; AFSL 343079, 58 Norwest Boulevard, Bella Vista NSW 2153 and promoted by its Authorised Representative Medibank Private Limited ABN 47 080 890 259; Authorised Representative No. 286089, 720 Bourke Street, Docklands VIC 3008. Medibank Private is also authorised by GFS to distribute Medibank Starter Life insurance.

Advice on this website is general only and does not consider your individual objectives, financial situation or needs.

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