Income protection insurance in Australia: how it works
Income protection insurance pays a monthly benefit if illness or injury stops you working. Here is what it covers, the terms that decide your payout, and where to hold it.
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Income protection insurance pays a monthly benefit if illness or injury stops you working. Here is what it covers, the terms that decide your payout, and where to hold it.
TPD insurance pays a lump sum if illness or injury stops you working for good. Many Australians hold this cover inside their super without knowing. Here is how a TPD claim works, what the policy definitions mean, and the steps to lodge one.