•  

MLC Income Protection Insurance

MLC Life Insurance is a specialised life insurance business. It represents a landmark strategic partnership between National Australia Bank (NAB) and Nippon Life Insurance under which NAB retain 20% shareholding and Nippon Life hold a majority 80% of the shares in MLC Limited, the entity which operates the MLC Life Insurance business. The Australian-led and managed business aims to leverage Nippon Life’s global presence, built over 127 years, alongside MLC Life Insurance’s significant experience in understanding and meeting the insurance needs of everyday Australians since 1886.

Compare now

  • It’s free

    Free comparison service

  • Over 280,000 People

    That’s the number of people who compared with Choosi in 2017

  • Save time and effort

    Choosi makes finding insurance quick and easy


Income Protection

  • Covers up to 75% of your monthly income depending on your earnings
  • Provides a wide range of benefits and additional options for people in most occupations
  • Monthly benefit payments of up to $30,000 – $60,000 (depending on your age and occupation)
  • In-built benefits – Child Income Support Benefit (maximum of $25,000) (when policy is held outside super), Rehabilitation costs (when policy is held outside super), Increases without further medical evidence, Elective Surgery Benefit and a Death feature which entitles you to up to six times your Monthly Income Benefit (maximum of $60,000)
  • Choice of Stepped or Level premiums
  • Flexible payment options – monthly, half-yearly or annually
  • 14 day cooling off period

Income Protection Platinum

  • Covers up to 75% of your monthly income depending on your earnings
  • Provides a comprehensive range of benefits and additional options for people in most occupations
  • Monthly benefit payments of up to $30,000 – $60,000 (depending on your age and occupation)
  • In-built benefits – Child Income Support Benefit (maximum of $25,000) (when policy is held outside super), Rehabilitation costs (when policy is held outside super), Increases without further medical evidence, Elective Surgery Benefit and a Death feature which entitles you up to six times your Monthly Income Benefit (maximum of $60,000)
  • Choice of Stepped or Level premiums
  • Flexible payment options – monthly, half-yearly or annually
  • 14 day cooling off period

Income Protection – Special Risk Occupations

  • Covers up to 75% of your monthly income depending on your earnings
  • Provides a range of benefits and additional options for people who work in certain occupation which are hazardous or present special assessment difficulties such as armed security guards
  • Monthly benefit payments of up to $30,000
  • In-built benefits – Child Income Support Benefit (maximum of $25,000) (when policy is held outside super), Rehabilitation costs (when policy is held outside super), Increases without further medical evidence, Elective Surgery Benefit and a Death feature which entitles you up to six times your Monthly Income Benefit (maximum of $60,000)
  • Choice of Stepped or Level premiums
  • Flexible payment options – monthly, half-yearly or annually
  • 14 day cooling off period

Compare Now