Compare income protection insurance

You might not be able to work because of illness or injury, but it doesn’t stop the bills coming in. Don’t leave your financial security to chance—leave it to Choosi! The income protection insurance policies that Choosi can arrange directly can provide up to 75% of your monthly pre-tax income, up to $10,000 per month.
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Australian income protection insurance comparison

Your income is your means of living, so you shouldn’t settle for less when it comes to protecting it. Choosi lets you compare, choose, and apply for a range of income protection insurance policies. Once you find the policy that suits you, you can apply for cover right away for the same price as going direct. By comparing policies, you can weigh up your options and see what’s on offer with each provider, helping you find the best deal for you. Get started by looking through our quick comparison below. The sooner you start comparing, the sooner you can get covered in case you suddenly can’t work due to illness or injury.

Income Protection Insurance
Income Protection Insurance

18 – 59 years working at least 15 hours per week

75%

$1,000

$10,000

6 months, 1 year, 2 years, or 5 years

30 or 90 days

Optional benefits – Rehabilitation Benefits, Children's Insurance, Homemaker Insurance and Final Expenses Insurance

Income Protection Cover
Income Protection Cover

18 – 59 years working at least 15 hours per week

75%

$1,000

$10,000

6 months, 1 year, 2 years, or 5 years

30 or 90 days

Get back 10% of premiums paid after your first year of cover with The Real Reward™

Income protection from brands you can trust

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Why use Choosi for your income protection insurance comparison?

Choosi makes finding income protection insurance easy.

You work hard for your income—we’ll do the same to help you protect it. Keeping your bills paid if you become sick or are injured can mean finding the policy that matches your needs. That’s where you can rely on Choosi. We help you compare income protection insurance from a range of providers so you can pick out the perfect match for your individual needs. You can compare providers based on level of cover, starting price, eligibility and more. Plus, once you find the perfect policy for you, you can buy it for the same price as going direct. It’s that easy!

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Choosi Price Guarantee

Choosi Price Guarantee

Don’t stress! When you buy any income protection insurance policy through Choosi, we’ll make sure you don’t pay more than the direct price. We’re so sure about it that if you find a cheaper price on the same policy within 30 days of purchase, we’ll refund the difference in your premiums for the first year and give you a $100 gift card. Too easy!! Terms and conditions apply.

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Award-winning service

Don’t just take our word for it. Our customers have rated us as a Gold Trusted Service provider on Feefo. We pride ourselves on being able to help you compare life insurance across a range of brands, so chat to our friendly Choosers and we’ll take care of the rest for you. 

 

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When considering income protection insurance

Ask yourself these two simple questions:

 
1. Do I have financial commitments that depend on my salary?
 
2. Do I have dependants who rely on my income and/or caregiving?

 

If you answered 'yes' to either of these questions, income protection insurance might be for you.

 

Learn more about income protection insurance

Choosing an income protection insurance policy can be complicated and confusing. These clear, simple articles provide general information to help you understand more about income protection insurance, how it works, the benefits it provides, and why you may want to consider it.

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    What does income protection insurance cover?

    Income protection insurance typically covers up to 75% of your pre-tax income if you can’t work due to injury or sickness. For those who rely on their trade or are self-employed, income protection might be an important consideration.

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    Do I need income protection insurance?

    You may need income protection insurance if you would struggle to pay your bills or make ends meet if you suddenly lost your income and can’t work due illness or injury.

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    Everything you need to know

    If your ability to work is taken out of your hands, income protection insurance can step in to help while you’re recovering. Learn more about what income protection is, how it works, who can apply, and how it can cover you during sickness or injury.

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    Features and optional benefits

    While some people want basic cover, others want to cover more bases. Income protection insurance can include additional cover to suit your specific needs. Find out more about what optional extras you can include in your policy and their benefits.

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    Calculating income protection insurance

    Doing the sums on income protection insurance isn’t difficult. You’ll need to consider what your unavoidable expenses are and how long you can afford to wait without your income to meet them if you suffered an injury or illness and can’t work.


Frequently Asked Questions (FAQs)

View all FAQs 

For the policies that can be arranged directly through Choosi, any Australian resident aged 18 to 59 (inclusive) working a minimum of 15 hours a week can apply for income protection insurance. Some exclusions do apply, so you’ll need to review the Product Disclosure Statement of the policy you’re interested in for further information.
You’ll need to work out the level of cover that you need, by looking at what bills that you have coming in monthly (mortgage, personal loans, general living expenses, etc.). The policies available through Choosi will insure up to 75% of your pre-tax income, up to a maximum monthly amount insured of $10,000. 
Income protection insurance is designed to help you financially if you can’t work for an extended period of time due to an injury or serious illness (commonly referred to as a ‘disability’ in the context of income protection insurance) that’s covered by your policy. It works by paying you a monthly income benefit that’s typically up to 75% of your pre-tax income, capped at $10,000 per month. For full details of what’s included with the cover you’re interested in applying for, you should read the Product Disclosure Statement.

Generally, you won’t be covered for an illness or injury due to:

  • Intentional self-harm or attempted suicide
  • Mental disorders
  • Using recreational (or misusing) drugs or alcohol
  • Pregnancy and/or childbirth
  • Wars and/or riots
  • Engaging in illegal activities
  • Pre-existing medical/health issues
  • Elective surgeries/treatments

Other exclusions may also apply. For full details of what’s excluded from the cover you’re interested in applying for, you should read the Product Disclosure Statement.

Generally, for policies that can be arranged directly through Choosi, premiums are tax-deductible. As individual circumstances vary, you should consult a professional tax adviser about your particular situation.

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Compare income protection insurance products now

If you’re looking for the right income protection insurance, start comparing with Choosi today. It’s 100% free and once you find the policy that suits you, you can apply for the same price as going direct.  


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