AIA Income Protection Plan

Income protection insurance can provide you with a monthly income should you become disabled due to injury or serious illness.

If an injury or serious illness takes away the ability to earn a living, income protection insurance can step in and help to ensure that a regular and steady stream of income continues, enabling policy holders to keep up with their financial obligations.

This type of cover provides a number of key benefits, including:

• Income when you are unable to earn one due to severe illness or disability
• Business continuity when you are unable to run your company
• Payment of approved costs for rehabilitation

Other optional features include payment of a family care benefit if you become totally dependent upon an immediate family member, as well as a relocation benefit that pays the cost of your qualified airfare should you become totally disabled for over 3 months while either travelling or residing outside of Australia.

In addition, income protection offers a death benefit cover whereby if you should pass away prior to the expiry date of your plan, your nominated beneficiary will receive a lump sum amount that is six times your insured monthly benefit – regardless of whether or not you have made a claim.

Full-time employees who work at least 25 hours per week for 48 weeks per year are eligible for this type of cover. Protection is available 24 hours per day, 7 days per week - even if you are traveling anywhere in the world.

AIA Income Protection provides you with an income if you become disabled due to Injury or Sickness, and are unable to work. You will be paid a monthly benefit, for the duration of the benefit period selected. AIA offers both Income Protection and Income Protection Plus. With Plus option offers a duel definition for Total Disablement and for Partial Disablement along with other ancilliary benefits.