Group 2Group 4Group 7Group 5Group 18 heartbeat-logo-white-text left-quote Group 3 Group 16 Copy Created with Sketch. Shape Created with Sketch. price-tag Group 2 Created with Sketch. right-quote Group 17shield single-star Created with Sketch. single-star Created with Sketch. single-star Created with Sketch.

MLC Income Protection Insurance

  • 3rd largest life insurer
  • $713m claims paid in 2020

MLC Income Protection insurance helps to protect you and your family by paying up to 70% of your earnings if you're unable to work. This can help cover your living expenses, such as your mortgage, school fees and car repayments.

By providing you with a monthly payment, income protection allows you to focus on your recovery.

Key features of MLC Income Protection Insurance include:

  • Monthly payments to replace part of your income when you’re sick or injured and can’t work
  • Your Income Protection premium is automatically waived while you are receiving payments
  • If you return to work following a claim, but your disability recurs within a certain time, you can continue your claim without re-sitting the waiting period
  • Choose a waiting period of 14, 30 or 90 days, or 1 year or 2 years.
  • Up to 12 times your monthly benefit approved for rehabilitation expenses (outside super only)
  • Death benefit of six times your insured monthly benefit, up to $60,000

MLC offer two types of Income Protection cover:

  • Income Assure+: Provides a comprehensive range of benefits and additional options for people in most occupations.
  • Income Assure: Provides an entry level cover that prioritises affordability while still providing customers with useful income protection. Income Protection Assure payments will only continue after 2 years if you are severely disabled.

To learn more about these options, you can view the Product Disclosure Statement or compare income protection.

Compare insurance from leading life insurers in Australia
Compare now