Income Protection Range

Income protection cover can replace up to 75 per cent of your regular income, and superannuation contributions of up to 15 per cent (if the super continuance option is selected), if you cannot work due to illness or injury. Premiums are also generally tax-deductible, depending on your individual circumstances.

You can choose the waiting period, benefit payment period and how much of your income you will insure (subject to minimum and maximum amounts).

There are four types of income protection products available:

Product name	Product description	People this may suit
Income Care Plus	A comprehensive income protection policy, with a full range of ancillary benefits and features.	White-collar occupations. Skilled blue-collar occupations.
Income Care	Provides basic income protection cover without some of the ancillary benefits and features at an affordable price.	Blue-collar occupations. Heavy manual occupations.
Income Care Super	Provides basic cover where the life insured can insure up to 75 per cent of their income and premiums can be paid using super money.	Blue-collar occupations. Heavy manual occupations. Self-employed sole traders.
Business Overheads Cover	Designed to cover the fixed costs of maintaining a business whilst the insured person is totally disabled.	Self-employed sole traders. Small business owners with up to 5 income producing employees.

Features and benefits included in CommInsure's income protection policies

Features and Benefits	Description	Income Care	Income Care Plus	Income Care Super	Business Overheads Cover
Interim accident cover	Covers you for total disability caused by accident while we are processing your application.	Available	Available	Available	Available
Total disability benefit	Monthly benefit if you can't work due to sickness or injury.	Available	Available	Available	Not available
Partial disability benefit	Monthly benefit if you work at reduced capacity due to sickness or injury.	Available	Available	Available	Not available
Waiver of premium while on claim	Premiums are not charged while you receive certain benefits.	Available	Available	Available	Available
Indexation	Aligns cover with inflation by automatically increasing it each year.	Available	Available	Available	Available
Reward cover benefit	Reward for keeping your cover for 3 years or more - you will receive free accidental death cover.	Available	Available	Available	Available
Recurrent disability benefit	The waiting period does not reapply if you go back to work after receiving certain benefits but need to claim again for the same sickness or injury.	Available	Available	Available	Not available
Cover while un-employed/on leave	Cover continues even if you are unemployed or on leave.	Available	Available	Available	Not available
Rehabilitation benefit	Helps cover the cost of participation in an approved rehabilitation program.	Available	Available	Not available	Not available
Rehabilitation expenses benefit	Helps cover the expenses involved in rehabilitation.	Not available	Available	Not available	Not available
Specific injuries benefit	Pays a set amount if you suffer a specified injury.	Not available	Available	Not available	Not available
Crisis benefit	Pays a benefit for up to six months if you suffer a medical crisis event.	Not available	Available	Not available	Not available
Accommodation benefit	Helps covers the cost of accommodating a family member who is away from home to be with you.	Not available	Available	Not available	Not available
Family support benefit	Helps cover a family member's lost income if they look after you.	Not available	Available	Not available	Not available
Home care benefit	Helps pay for a professional housekeeper.	Not available	Available	Not available	Not available
Bed confinement benefit	Helps pay for a nurse if you are bed-ridden.	Not available	Available	Not available	Not available
Transportation benefit	Helps pay for emergency transport to a hospital within Australia.	Not available	Available	Not available	Not available
Overseas assist benefit	Helps pay for your return home if you are totally disabled overseas.	Not available	Available	Not available	Not available
Death benefit	Pays a lump sum if you die while you are entitled to certain benefits.	Not available	Available	Not available	Not available
Business Overheads Cover benefit	Reimburses regular fixed operating business costs.	Not available	Not available	Not available	Available
Worldwide cover	Once your policy is issued, subject to any specific exclusions, it will cover you 24 hours a day wherever you are in the world.	Available	Available	Available	Available
Unemployment cover benefit	If you become involuntarily unemployed, we will pay a monthly benefit to help cover your minimum monthly loan repayments for up to three months. This applies to Commonwealth Bank loans only.	Available	Available	Not Available	Not Available
Flexibility to reduce waiting periods	If you leave your employer or otherwise decide to discontinue your salary continuance policy, you can reduce the waiting period on your Income Care/Income Care Plus policy from two years to three months, six months or one year without the need to supply further medical evidence.	Available	Available	Available	Not Available
Waiver of premium if on maternity leave	We will waive your premiums for up to three months over the life of the policy if you go on maternity leave.	Available	Available	Available	Not Available
Waiver of premium if unemployed	We will waive your premiums for up to three months over the life of the policy if you become involuntarily unemployed.	Available	Available	Available	Not Available
Waiver of waiting Period for specific conditions	We will pay you benefits during the waiting period if you suffer specific conditions.	Available	Available	Available	Not Available
Medical professionals benefit	A lump sum benefit payment if you are a medical professional and acquire HIV, Hepatitis B or Hepatitis C and are prevented from practising exposure-prone medical procedures.	Available	Available	Not Available	Not Available
Guaranteed insurability	You can increase your cover by up to 10% once every three years without further evidence of health (on top of any increase under the Indexation Beneft).	Available	Available	Available	Not Available
Essential Cover option	Allows you cover for accidents only, at a discounted premium.	Available	Not Available	Available	Not Available

You are able to tailor your income protection cover further by taking up the following optional benefits.

Options	Description	Income Care	Income Care Plus	Income Care Super	Business Overheads Cover
Increasing Claim Option	Benefits paid will increase yearly, in line with inflation.	Available	Available	Available	Not available
Accident option	Pays a benefit if you are totally disabled during the waiting period as a result of an accident.	Available	Available	Available	Not available
Super continuance option	Allows you to cover regular superannuation contributions.	Available	Available	Not available	Not available
Premium saver option	A premium discount in return for some limits to the cover.	Available	Available	Available	Not Available
Cash back option	Pays back some premiums when the policy ends, provided you do not claim.	Available	Available	Not Available	Available
Permanent disablement cover option	Allows you the option of receiving a tax-free* lump sum benefit instead of the monthly benefits when you suffer a total and permanent disability.	Available	Available	Available	Not Available
Total and Temporary disability cover option	A premium discount in return for waiving Total and Permanent Disability benefits.	Available	Available	Not Available	Not Available