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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 flexibility to choose what works for you.

Income Protection

Get a quote and you could win*

Go into the weekly draw to win a $1,000 eftpos gift card* when you get a quote for Medibank Starter Life Insurance, Life Insurance, Income Protection or Funeral Insurance by 10 November 2019.

$1000 Eftpos gift card competition

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?

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Member discount

Medibank health insurance members save 10%.

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Lump sum benefits

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

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Tax deductible

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

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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. 

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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 a maximum of 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.

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 1300 766 085

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 1300 766 085 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

*Aus. res. 18+ only. Starts 16/09/19 9am AEST. Ends 10/11/19 11:59pm AEDT. See T&Cs for entry limits. Weekly Draws: 2:30pm VIC time, each Wed 25/09/19 – 13/11/19 (8 total), Plexus, L4/411 Collins Street Melbourne VIC 3000. Prizes: 8 x $1,000 EFTPOS gift card (1 per draw). Winners published in the Australian on 20/11/19. Promoter: Medibank Private Limited ABN 47 080 890 259, L4, 720 Bourke St, Docklands VIC 3008. See Terms and Conditions for details. Permit No's: ACT Permit No. TP/19/04004, NSW Permit No. LTPS/19/37248 and SA Permit No. T19/1375.

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.