Income Protection Insurance
Your income is important, and people can worry about losing these regular payments. Our Income Protection Insurance is designed to provide you with peace of mind that you'll still have some money coming in if you are unable to work due to getting sick or hurt.
Getting the right cover is important though. That's why our products are available through Advisers. They have the knowledge, experience and take care to help you get the right cover.
94% of claims accepted and $121m paid to customers from 1/7/22 - 31/6/23
Optional benefits you can choose to include:
Boosts your monthly benefit in the early stages of a claim.
Pays you a benefit while you're waiting for your claim payments to start, if you're confined to bed or diagnosed with a specified condition.
Increases your monthly benefit each year to help keep pace with inflation.
Covers medical workers who contract Hepatitis B or C or HIV during work.
Provides a discount if you choose to limit your benefit payment period to two years for any claims related to mental illness.
Lets you cover your kids too.
Receive this benefit if you suffer any of 29 specified injuries (ranging from broken bones to paralysis). The benefit is payable even if you are still able to continue working. Check the policy document for the full list of injuries and payment periods. Depending on the option you have selected the payment(s) will be either your monthly benefit for the payment period or a multiple of your Specific injury support benefit – lump sum sum insured.
If you have an existing policy with Asteron Life, your policy may be different from our current on-sale products, so it’s a good idea to check things with your adviser.
Talking to an adviser will help you focus on what’s important to you, and it's even more effective with a little preparation.
When you set up your policy, you’ll decide how long the wait period is before you start receiving payments. Chat to your adviser about the different options – there’s a 2, 4, 8, 13 or 26 week wait. In some cases a 1 or 2 year wait period might suit you best. It all depends on how well you’d cope financially before payments kick in.