If you get sick or hurt, at or outside of work, Income Protection can provide you with monthly payments if you can’t work.
This page outlines the key features of Income Protection cover for AustralianSuper plan members. To find our what plan you’re on, log into your account online and visit Insurance > Manage insurance. If you aren’t a member of AustralianSuper plan, please refer to the relevant Product Disclosure Statement for more information.
What is Income Protection?
If you become ill or injured (at work or outside of work) and can’t work, Income Protection can help you cover your day-to-day expenses such as regular bills and groceries, helping provide peace of mind during tough times. It helps ensure you have money to assist you getting by while you recover.
How Income Protection works
Income Protection is designed to replace part of your income if you become ill or injured and can’t work.
Your monthly cover amount is the maximum amount you could be paid if your claim is accepted.
Your waiting period is the minimum amount of time you’ll need to wait before Income Protection payments can start.
Your benefit payment period is the maximum amount of time you’ll receive Income Protection payments for.
Income Protection doesn’t cover you for redundancy.
Automatic cover when you join
You’ll get basic cover automatically1 if:
you're 25 or older
your super balance reaches $6,000, and
you've received an employer super contribution (after meeting both age and balance requirements).
If the basic cover provided doesn't suit your needs, you can apply for age-based or fixed cover.
Age-based cover
Basic Income Protection is age based, which means the amount and cost of cover changes as you get older. If you want to apply to increase your cover, you’ll need to provide detailed health information for the Insurer2 to consider.
Insurance costs
The cost3 of cover is based on your age, cover amount, waiting period, benefit payment period and individual work rating.
If you receive basic Income Protection when you join or apply for it later, it’ll be based on a benefit payment period up to two years.
Depending on your occupation you can apply to change your benefit payment period to up to five years or up to age 65. A longer benefit payment period will cost more.
Waiting period options
You can choose a waiting period of 30 or 60 days. If you don’t choose, it will default to 60 days. A shorter waiting period will cost more.
How much cover do you need?
When thinking about how much cover you need (if any), consider:
your age
if you have a partner
if you have children/dependents
your goals and future living expenses
any debts you may have.
Use the insurance calculator to estimate how much Income Protection you might need.
What age-based cover will I get and how much will it cost?
Select your age to see how much cover you can get and the cost of it.
Assumptions
Age-based cover amounts and costs are for members in our AustralianSuper plan, with a Blue Collar individual work rating, and Income Protection with a 60-day waiting period and a benefit payment period up to two years. You should check the Product Disclosure Statement for important information about insurance.
If you’re an AustralianSuper Select member, details about your cover and costs are in the AustralianSuper Select booklet for your employer. Find your booklet here.
Tell us your age
Age: 15
Death cover
Amount: $20,000
Weekly cost: $0.14
Total & Permanent Disablement cover
Amount: $10,000
Weekly cost: $0.10
Income Protection
Amount (a month): $1,000
Weekly cost: $0.11
Total weekly cost of cover: $0.35
Costs are deducted monthly from your super account.
Age: 16
Death cover
Amount: $20,000
Weekly cost: $0.14
Total & Permanent Disablement cover
Amount: $10,000
Weekly cost: $0.10
Income Protection
Amount (a month): $1,000
Weekly cost: $0.11
Total weekly cost of cover: $0.35
Costs are deducted monthly from your super account.
Age: 17
Death cover
Amount: $20,000
Weekly cost: $0.14
Total & Permanent Disablement cover
Amount: $10,000
Weekly cost: $0.10
Income Protection
Amount (a month): $1,000
Weekly cost: $0.11
Total weekly cost of cover: $0.35
Costs are deducted monthly from your super account.
Age: 18
Death cover
Amount: $50,000
Weekly cost: $0.35
Total & Permanent Disablement cover
Amount: $20,000
Weekly cost: $0.19
Income Protection
Amount (a month): $1,500
Weekly cost: $0.17
Total weekly cost of cover: $0.71
Costs are deducted monthly from your super account.
Age: 19
Death cover
Amount: $50,000
Weekly cost: $0.36
Total & Permanent Disablement cover
Amount: $20,000
Weekly cost: $0.19
Income Protection
Amount (a month): $1,500
Weekly cost: $0.17
Total weekly cost of cover: $0.72
Costs are deducted monthly from your super account.
Age: 20
Death cover
Amount: $50,000
Weekly cost: $0.36
Total & Permanent Disablement cover
Amount: $20,000
Weekly cost: $0.19
Income Protection
Amount (a month): $1,500
Weekly cost: $0.17
Total weekly cost of cover: $0.72
Costs are deducted monthly from your super account.
Age: 21
Death cover
Amount: $50,000
Weekly cost: $0.36
Total & Permanent Disablement cover
Amount: $20,000
Weekly cost: $0.20
Income Protection
Amount (a month): $1,500
Weekly cost: $0.20
Total weekly cost of cover: $0.76
Costs are deducted monthly from your super account.
Age: 22
Death cover
Amount: $100,000
Weekly cost: $0.72
Total & Permanent Disablement cover
Amount: $40,000
Weekly cost: $0.39
Income Protection
Amount (a month): $1,900
Weekly cost: $0.29
Total weekly cost of cover: $1.40
Costs are deducted monthly from your super account.
Age: 23
Death cover
Amount: $100,000
Weekly cost: $0.73
Total & Permanent Disablement cover
Amount: $40,000
Weekly cost: $0.39
Income Protection
Amount (a month): $1,900
Weekly cost: $0.32
Total weekly cost of cover: $1.44
Costs are deducted monthly from your super account.
Age: 24
Death cover
Amount: $100,000
Weekly cost: $0.74
Total & Permanent Disablement cover
Amount: $40,000
Weekly cost: $0.39
Income Protection
Amount (a month): $1,900
Weekly cost: $0.38
Total weekly cost of cover: $1.51
Costs are deducted monthly from your super account.
Age: 25
Death cover
Amount: $116,000
Weekly cost: $0.88
Total & Permanent Disablement cover
Amount: $48,000
Weekly cost: $0.42
Income Protection
Amount (a month): $1,900
Weekly cost: $0.40
Total weekly cost of cover: $1.70
Costs are deducted monthly from your super account.
Age: 26
Death cover
Amount: $132,000
Weekly cost: $1.03
Total & Permanent Disablement cover
Amount: $52,000
Weekly cost: $0.49
Income Protection
Amount (a month): $2,000
Weekly cost: $0.48
Total weekly cost of cover: $2.00
Costs are deducted monthly from your super account.
Age: 27
Death cover
Amount: $147,000
Weekly cost: $1.19
Total & Permanent Disablement cover
Amount: $56,000
Weekly cost: $0.55
Income Protection
Amount (a month): $2,200
Weekly cost: $0.57
Total weekly cost of cover: $2.31
Costs are deducted monthly from your super account.
Age: 28
Death cover
Amount: $161,000
Weekly cost: $1.35
Total & Permanent Disablement cover
Amount: $58,000
Weekly cost: $0.60
Income Protection
Amount (a month): $2,300
Weekly cost: $0.67
Total weekly cost of cover: $2.62
Costs are deducted monthly from your super account.
Age: 29
Death cover
Amount: $175,000
Weekly cost: $1.51
Total & Permanent Disablement cover
Amount: $61,000
Weekly cost: $0.71
Income Protection
Amount (a month): $2,400
Weekly cost: $0.74
Total weekly cost of cover: $2.96
Costs are deducted monthly from your super account.
Age: 30
Death cover
Amount: $178,000
Weekly cost: $1.57
Total & Permanent Disablement cover
Amount: $61,000
Weekly cost: $0.77
Income Protection
Amount (a month): $2,500
Weekly cost: $0.90
Total weekly cost of cover: $3.24
Costs are deducted monthly from your super account.
Age: 31
Death cover
Amount: $182,000
Weekly cost: $1.67
Total & Permanent Disablement cover
Amount: $60,000
Weekly cost: $0.83
Income Protection
Amount (a month): $2,600
Weekly cost: $1.01
Total weekly cost of cover: $3.51
Costs are deducted monthly from your super account.
Age: 32
Death cover
Amount: $183,000
Weekly cost: $1.79
Total & Permanent Disablement cover
Amount: $59,000
Weekly cost: $0.91
Income Protection
Amount (a month): $2,700
Weekly cost: $1.16
Total weekly cost of cover: $3.86
Costs are deducted monthly from your super account.
Age: 33
Death cover
Amount: $183,000
Weekly cost: $1.87
Total & Permanent Disablement cover
Amount: $57,000
Weekly cost: $0.97
Income Protection
Amount (a month): $2,800
Weekly cost: $1.34
Total weekly cost of cover: $4.18
Costs are deducted monthly from your super account.
Age: 34
Death cover
Amount: $183,000
Weekly cost: $1.94
Total & Permanent Disablement cover
Amount: $56,000
Weekly cost: $1.04
Income Protection
Amount (a month): $2,900
Weekly cost: $1.51
Total weekly cost of cover: $4.49
Costs are deducted monthly from your super account.
Age: 35
Death cover
Amount: $180,000
Weekly cost: $2.02
Total & Permanent Disablement cover
Amount: $53,000
Weekly cost: $1.09
Income Protection
Amount (a month): $3,000
Weekly cost: $1.68
Total weekly cost of cover: $4.79
Costs are deducted monthly from your super account.
Age: 36
Death cover
Amount: $178,000
Weekly cost: $2.10
Total & Permanent Disablement cover
Amount: $51,000
Weekly cost: $1.17
Income Protection
Amount (a month): $3,000
Weekly cost: $1.80
Total weekly cost of cover: $5.07
Costs are deducted monthly from your super account.
Age: 37
Death cover
Amount: $174,000
Weekly cost: $2.16
Total & Permanent Disablement cover
Amount: $49,000
Weekly cost: $1.23
Income Protection
Amount (a month): $3,000
Weekly cost: $1.95
Total weekly cost of cover: $5.34
Costs are deducted monthly from your super account.
Age: 38
Death cover
Amount: $171,000
Weekly cost: $2.27
Total & Permanent Disablement cover
Amount: $47,000
Weekly cost: $1.28
Income Protection
Amount (a month): $3,100
Weekly cost: $2.17
Total weekly cost of cover: $5.72
Costs are deducted monthly from your super account.
Age: 39
Death cover
Amount: $166,000
Weekly cost: $2.31
Total & Permanent Disablement cover
Amount: $45,000
Weekly cost: $1.35
Income Protection
Amount (a month): $3,100
Weekly cost: $2.29
Total weekly cost of cover: $5.95
Costs are deducted monthly from your super account.
Age: 40
Death cover
Amount: $160,000
Weekly cost: $2.40
Total & Permanent Disablement cover
Amount: $43,000
Weekly cost: $1.40
Income Protection
Amount (a month): $3,100
Weekly cost: $2.48
Total weekly cost of cover: $6.28
Costs are deducted monthly from your super account.
Age: 41
Death cover
Amount: $154,000
Weekly cost: $2.48
Total & Permanent Disablement cover
Amount: $40,000
Weekly cost: $1.42
Income Protection
Amount (a month): $3,100
Weekly cost: $2.64
Total weekly cost of cover: $6.54
Costs are deducted monthly from your super account.
Age: 42
Death cover
Amount: $146,000
Weekly cost: $2.51
Total & Permanent Disablement cover
Amount: $37,000
Weekly cost: $1.44
Income Protection
Amount (a month): $3,100
Weekly cost: $2.85
Total weekly cost of cover: $6.80
Costs are deducted monthly from your super account.
Age: 43
Death cover
Amount: $140,000
Weekly cost: $2.58
Total & Permanent Disablement cover
Amount: $34,000
Weekly cost: $1.45
Income Protection
Amount (a month): $3,100
Weekly cost: $3.04
Total weekly cost of cover: $7.07
Costs are deducted monthly from your super account.
Age: 44
Death cover
Amount: $131,000
Weekly cost: $2.62
Total & Permanent Disablement cover
Amount: $32,000
Weekly cost: $1.48
Income Protection
Amount (a month): $3,100
Weekly cost: $3.62
Total weekly cost of cover: $7.36
Costs are deducted monthly from your super account.
Age: 45
Death cover
Amount: $124,000
Weekly cost: $2.67
Total & Permanent Disablement cover
Amount: $29,000
Weekly cost: $1.46
Income Protection
Amount (a month): $3,100
Weekly cost: $3.50
Total weekly cost of cover: $7.63
Costs are deducted monthly from your super account.
Age: 46
Death cover
Amount: $115,000
Weekly cost: $2.69
Total & Permanent Disablement cover
Amount: $27,000
Weekly cost: $1.48
Income Protection
Amount (a month): $3,100
Weekly cost: $3.78
Total weekly cost of cover: $7.95
Costs are deducted monthly from your super account.
Age: 47
Death cover
Amount: $107,000
Weekly cost: $2.72
Total & Permanent Disablement cover
Amount: $23,000
Weekly cost: $1.37
Income Protection
Amount (a month): $3,000
Weekly cost: $3.90
Total weekly cost of cover: $7.99
Costs are deducted monthly from your super account.
Age: 48
Death cover
Amount: $98,000
Weekly cost: $2.70
Total & Permanent Disablement cover
Amount: $21,000
Weekly cost: $1.35
Income Protection
Amount (a month): $3,000
Weekly cost: $4.14
Total weekly cost of cover: $8.19
Costs are deducted monthly from your super account.
Age: 49
Death cover
Amount: $90,000
Weekly cost: $2.72
Total & Permanent Disablement cover
Amount: $19,000
Weekly cost: $1.33
Income Protection
Amount (a month): $3,000
Weekly cost: $4.44
Total weekly cost of cover: $8.49
Costs are deducted monthly from your super account.
Age: 50
Death cover
Amount: $80,000
Weekly cost: $2.65
Total & Permanent Disablement cover
Amount: $17,000
Weekly cost: $1.30
Income Protection
Amount (a month): $3,000
Weekly cost: $4.77
Total weekly cost of cover: $8.72
Costs are deducted monthly from your super account.
Age: 51
Death cover
Amount: $72,000
Weekly cost: $2.62
Total & Permanent Disablement cover
Amount: $15,000
Weekly cost: $1.26
Income Protection
Amount (a month): $3,000
Weekly cost: $5.10
Total weekly cost of cover: $8.98
Costs are deducted monthly from your super account.
Age: 52
Death cover
Amount: $63,000
Weekly cost: $2.52
Total & Permanent Disablement cover
Amount: $13,000
Weekly cost: $1.20
Income Protection
Amount (a month): $2,900
Weekly cost: $5.25
Total weekly cost of cover: $8.97
Costs are deducted monthly from your super account.
Age: 53
Death cover
Amount: $54,000
Weekly cost: $2.38
Total & Permanent Disablement cover
Amount: $11,000
Weekly cost: $1.12
Income Protection
Amount (a month): $2,900
Weekly cost: $5.63
Total weekly cost of cover: $9.13
Costs are deducted monthly from your super account.
Age: 54
Death cover
Amount: $46,000
Weekly cost: $2.25
Total & Permanent Disablement cover
Amount: $10,000
Weekly cost: $1.14
Income Protection
Amount (a month): $2,900
Weekly cost: $6.00
Total weekly cost of cover: $9.39
Costs are deducted monthly from your super account.
Age: 55
Death cover
Amount: $37,000
Weekly cost: $2.00
Total & Permanent Disablement cover
Amount: $9,000
Weekly cost: $1.13
Income Protection
Amount (a month): $2,800
Weekly cost: $6.22
Total weekly cost of cover: $9.35
Costs are deducted monthly from your super account.
Age: 56
Death cover
Amount: $30,000
Weekly cost: $1.81
Total & Permanent Disablement cover
Amount: $7,000
Weekly cost: $0.98
Income Protection
Amount (a month): $2,800
Weekly cost: $6.61
Total weekly cost of cover: $9.40
Costs are deducted monthly from your super account.
Age: 57
Death cover
Amount: $22,000
Weekly cost: $1.48
Total & Permanent Disablement cover
Amount: $6,000
Weekly cost: $0.96
Income Protection
Amount (a month): $2,800
Weekly cost: $7.06
Total weekly cost of cover: $9.50
Costs are deducted monthly from your super account.
Age: 58
Death cover
Amount: $15,000
Weekly cost: $1.13
Total & Permanent Disablement cover
Amount: $6,000
Weekly cost: $1.09
Income Protection
Amount (a month): $2,800
Weekly cost: $7.53
Total weekly cost of cover: $9.75
Costs are deducted monthly from your super account.
Age: 59
Death cover
Amount: $9,000
Weekly cost: $0.76
Total & Permanent Disablement cover
Amount: $6,000
Weekly cost: $1.26
Income Protection
Amount (a month): $2,700
Weekly cost: $7.72
Total weekly cost of cover: $9.74
Costs are deducted monthly from your super account.
Age: 60
Death cover
Amount: $9,000
Weekly cost: $0.85
Total & Permanent Disablement cover
Amount: $5,000
Weekly cost: $1.10
Income Protection
Amount (a month): $2,700
Weekly cost: $8.24
Total weekly cost of cover: $10.19
Costs are deducted monthly from your super account.
Age: 61
Death cover
Amount: $9,000
Weekly cost: $0.96
Total & Permanent Disablement cover
Amount: $5,000
Weekly cost: $1.34
Income Protection
Amount (a month): $2,600
Weekly cost: $8.48
Total weekly cost of cover: $10.78
Costs are deducted monthly from your super account.
Age: 62
Death cover
Amount: $9,000
Weekly cost: $1.09
Total & Permanent Disablement cover
Amount: $5,000
Weekly cost: $1.58
Income Protection
Amount (a month): $2,600
Weekly cost: $9.02
Total weekly cost of cover: $11.69
Costs are deducted monthly from your super account.
Age: 63
Death cover
Amount: $9,000
Weekly cost: $1.19
Total & Permanent Disablement cover
Amount: $5,000
Weekly cost: $1.82
Income Protection
Amount (a month): $2,600
Weekly cost: $9.59
Total weekly cost of cover: $12.60
Costs are deducted monthly from your super account.
Age:64
Death cover
Amount: $9,000
Weekly cost: $1.23
Total & Permanent Disablement cover
Amount: $5,000
Weekly cost: $2.08
Income Protection
Amount (a month): $2,500
Weekly cost: $9.85
Total weekly cost of cover: $13.16
Costs are deducted monthly from your super account.
Age:65
Death cover
Amount: $9,000
Weekly cost: $1.28
Total & Permanent Disablement cover
Amount: n/a
Weekly cost: n/a
Income Protection
Amount (a month): $2,400
Weekly cost: $10.08
Total weekly cost of cover: $11.36
Costs are deducted monthly from your super account.
Age:66
Death cover
Amount: $9,000
Weekly cost: $1.33
Total & Permanent Disablement cover
Amount: n/a
Weekly cost: n/a
Income Protection
Amount (a month): $2,400
Weekly cost: $10.68
Total weekly cost of cover: $12.01
Costs are deducted monthly from your super account.
Age: 67
Death cover
Amount: $9,000
Weekly cost: $1.38
Total & Permanent Disablement cover
Amount: n/a
Weekly cost: n/a
Income Protection
Amount (a month): $2,300
Weekly cost: $10.90
Total weekly cost of cover: $12.28
Costs are deducted monthly from your super account.
Age:68
Death cover
Amount: $9,000
Weekly cost: $1.43
Total & Permanent Disablement cover
Amount: n/a
Weekly cost: n/a
Income Protection
Amount (a month): $2,200
Weekly cost: $10.54
Total weekly cost of cover: $11.97
Costs are deducted monthly from your super account.
Age: 69
Death cover
Amount: $9,000
Weekly cost: $1.47
Total & Permanent Disablement cover
Amount: n/a
Weekly cost: n/a
Income Protection
Amount (a month): $2,200
Weekly cost: $6.84
Total weekly cost of cover: $8.31
Costs are deducted monthly from your super account.
Why it’s important to review your cover
Regularly reviewing your Income Protection is essential to make sure it accurately reflects any changes to your salary. By keeping your cover up to date, you help safeguard your financial well-being if you become ill or injured. If your salary has changed, you can decrease your cover or apply for more cover if you need it. This proactive approach can give you peace of mind, knowing you’re covered for any unexpected events.
Insurance through super – Caroline’s story
Many Australians see super as a retirement fund, but, as AustralianSuper member Caroline discovered, it also provides essential insurance cover. After battling severe health issues from hip dysplasia, Caroline underwent major surgery, forcing her to leave her customer service job. During this challenging time, her AustralianSuper Income Protection offered vital financial support, reducing the stress of lost income and mounting medical bills.
The AustralianSuper team helped Caroline work through her eligibility for benefits seamlessly, allowing her to focus on her recovery without financial worries. Now fully recovered, she’s pursuing a new career as a personal trainer and regularly reviews her insurance to help ensure it aligns with her changing needs.
Caroline’s story highlights the importance of having Income Protection as a lifeline during unexpected challenges, helping members maintain financial stability while prioritising their health.
Income Protection is available for members aged 15 to 69.
If the basic cover you’re automatically provided with doesn’t suit your needs, you can apply for fixed cover. The maximum monthly cover amount you can apply for is the lower of $30,000 or 85% of your pre-tax salary. You’ll receive up to 75%, while up to 10% is paid to your super.
You can apply for Income Protection by logging into your account online. If you don’t have an online account, you’ll first need to register for online access.
A work rating classifies the usual activities of your job into one of three ratings: Blue Collar, White Collar or Professional. Our default work rating is Blue Collar, which is also the most expensive. You could pay less for your cover if you’re eligible for a White Collar or Professional work rating. Use our Work Rating Tool to see if you could pay less for your insurance cover
For more information on things to consider when thinking about Income Protection, download the Insurance in your super guide.
Disclaimers
The cover provided automatically is based on your division, age, account balance and if you are receiving employer contributions. You can apply to increase, decrease, cancel or change your cover anytime. Age limits and other conditions apply.
AustralianSuper insurance is provided by TAL Life Limited (the Insurer) ABN 70 050 109 450, AFSL 237848.
Costs are deducted monthly from your super account and reduce your retirement savings. Think about the impact of insurance costs on your retirement savings when working out what’s right for you.
Personal financial product advice is provided under the Australian Financial Services Licence held by a third party and not by AustralianSuper Pty Ltd. Fees may apply.
