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How much income protection do I need?

Health members save 10% off premiums.

Medibank Income Protection offers you affordable cover with the flexibility to choose what works for you.

Simple cover for difficult times

If you're no longer able to work due to sickness or injury, Medibank Income Protection may help to cover some of the income you would otherwise have received.

This page provides a general overview of how and when you could be supported by your income protection policy. Read the Product Disclosure Statement for full details on what is and isn’t covered.

How much do you receive?

There are two types of cover you can choose from depending on how many hours you work a week - Standard Cover and Essentials Cover.

Work more than 20 hours a week?

Standard Cover is available if you’re working more than 20 hours per week. Standard Cover provides a payment up to 75% of your pre-tax monthly income up to a maximum of $7,500. You can select the actual amount you wish to be covered for during the quote process, giving you more control over your premiums.

Work less than 20 hours a week?

Essentials Cover is available if you
manage the household domestic duties or work less than 20 hours per week. You may be eligible for a $1,000 up to $3,500 monthly payment depending on your circumstances.

How much income protection cover should I select?

With Medibank Income Protection, you can insure up to 75% of your pre-tax income. However, as part of our custom quoting process, you're given some control over the level of cover you'd like to receive, should you need to make a claim. When deciding on how much cover to select, you could consider your personal expenses that you usually pay with your income.

Mortgage and loan payments

How much will you need to pay towards loans each month? Do you have options to pause payments or lower the repayment amount for a period of time?

Everyday living expenses

How much will you need to cover food, bills, kids’ expenses or any other expenses that are needed each month?

New expenses due to injury or illness

What's it going to cost you to get medical treatment if you're injured or sick? What kind of expenses aren't currently covered by your health insurance? What out of pocket expenses might you incur? 

Will loved ones need to take time off work?

The impact on your family can be quite costly if you weren't able to run your household or perform domestic duties. You may need to hire help to cook and clean, look after children or your partner may even need to reduce their working hours.

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.

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.

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