Whether you're young and single, or have a family and a mortgage, your income is one of your most valuable assets - because it supports your lifestyle. And yet, most people don't stop to consider how long they could cope without their income.
Bupa Income Protection helps provide financial protection and peace of mind if you get sick or are injured and are unable to work It pays up to 75 percent of your salary (please see Product Disclosure Statement for relevant definitions, conditions and applicable exclusions).
It also offers a choice of waiting period and benefit period options, to help you tailor the protection to your own circumstances and budget.
And with premiums generally being tax deductible and a convenient pay-by-the-month option, helping to protect your most important asset can be very affordable.
Key Features
- Protect up to 75 percent of your pre-disability income in the event of sickness or injury with benefits paid monthly
- Wide range of eligible occupations covered
- Your choice of waiting period: 30 days, 90 days, 180 days and 1 and 2 years
- Your choice of benefit period: 2 years, 5 years, and age 65
- Rehabilitation Expense Benefit – we may pay the costs of approved retraining or rehabilitation programs etc., if we reasonably believe they are directly assisting you recover from a disability and return to work
- Customer Loyalty Benefit – for Bupa members, in addition to normal benefits we will also reimburse your Bupa premiums during this period
- Motor Vehicle Accident Benefit – if you are totally disabled for at least 30 days as a result of a motor vehicle accident and have selected a 30 day waiting period we will commence payments of the monthly benefit at the end of the waiting period and backdate payments to the date of total disablement from the motor vehicle accident
- Recurrent Disablement Benefit – If total disability recurs within six months of return to full time work, from the same or a directly related cause, then this will be treated as a continuation of the same claim and the waiting period will be waived
- Indexed Claim Benefit Option – under this option we will increase your monthly benefit in line with the Consumer Price Index (CPI) up to a maximum of seven percent at the end of each 12 month period of your claim
- Permanent Australian residents aged 20-54 years who are working more than 30 hours per week can apply
- Cover is guaranteed renewable which means that as long as you pay your premiums when due, we guarantee to continue providing you with cover
- 24-hour worldwide protection
- Interim Accident Cover while we are processing your application
- Premiums are generally tax deductible
- Pay premiums monthly, or pay annually and get 12 months cover for the cost of 11
- Bupa health insurance members receive 10 percent discount on premiums
For more information see the Bupa Income Protection Factsheet.
Please refer to the Product Disclosure Statement for applicable definitions and exclusions before making any decisions about a product.
Apply now
