Important Changes to Temporary Disability Insurance Policies in Australia ā€“ 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 youā€™re unable to work due to an illness or accident but you areĀ not permanentlyĀ disabled. This benefit can help you maintain your lifestyle, pay your bills and support your family while you focus on recovery.Ā 

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