Important Changes to Temporary Disability Insurance Policies in Australia – Income Protection

What is Income Protection (IP) insurance?

IP is an insurance policy that typically pays a monthly benefit of up to 75% of your regular pre-tax employment income/salary when you’re unable to work due to an illness or accident but you are not permanently disabled. This benefit can help you maintain your lifestyle, pay your bills and support your family while you focus on recovery. 

 

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