Medibank Income Protection Insurance

Medibank Income Protection offers you cover to help maintain your lifestyle should the unexpected happen.

Cover up to 70% of your monthly pre-tax income, up to $12,500 per month (depending on your age).* Plus, health members save 10% off premiums every year.

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Why choose Medibank Income Protection Insurance?

Income protection insurance can help you with your finances so you're able to stay on top of bills and focus on your recovery from sickness or injury.

Did you also know income protection insurance premium is generally tax deductible? Check with your accountant to see if this applies to you. In addition, you have the option of paying fortnightly, monthly or yearly (lower premium when you pay yearly).

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Monthly benefits

Cover up to 70% of your monthly pre-tax income, up to $12,500 per month (depending on your age).*

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Tailor your policy

Choose a benefit period of 2 or 5 years and waiting period of 30 or 90 days to suit your needs.

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Member discount

10% discount for Medibank health insurance members.

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Easy application

You can apply easily online or over the phone. 

Understanding income protection insurance

What is income protection insurance?

Income protection insurance can be your back-up plan if you are unable to work due to sickness or injury. Income protection provides a monthly benefit as a percentage of your regular income, so you’re not left high and dry if you’re unable to work.

Why do you need income protection?

Everyone’s reason for taking out income protection insurance is different. You could have financial commitments (e.g. mortgage and loan repayments) or have dependants that rely on your income for everyday living expenses. Income protection can provide you with some peace of mind that you'll be able to continue to take care of yourself and your loved ones, even if you couldn't work due to sickness or injury.

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Want to talk to us?

Whether you're looking for a new quote or have a question about income protection, we're here to help. Call us Monday to Friday from 8:00am to 8:00pm AEST/AEDT.

Things you should know

* Eligibility criteria apply. Pre-tax income is defined in the PDS.

^ 24/7 Medibank Nurse Phone Service is offered by Medibank Health Solutions Pty Ltd who reserve the right to withdraw or change the service at its sole discretion.

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), Target Market Determination and Financial Services Guide to ensure the product is right for you before making a decision to acquire, or continue to hold, the product. Medibank Life Insurance and Medibank Income Protection (collectively Medibank life insurance) are issued by the insurer, Integrity Life Australia Limited ABN 83 089 981 073 AFSL 245492 (Integrity Life), administered and distributed by NEOS Direct, a registered business name of NDLI Pty Ltd ABN 70 665 747 277 AFSL 547119, and promoted by NEOS Direct's authorised representative Medibank Private Limited ABN 47 080 890 259 (AR No. 286089) (Medibank).

Your personal information will be handled in accordance with the Privacy Policies of the parties involved. Click here for NEOS Direct's Privacy PolicyMedibank Private's Privacy Policy or Integrity Life's Privacy Policy.

Have questions?

Our team of experts are ready to help!

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