Income Protection Insurance

Qantas Assure Life Protect

Income Protection Insurance

Qantas Assure Life Protect

Childcare fees. Household expenses. Payments on the car or the house. These don’t stop just because you’re out of action. Income Protection Insurance covers up to 75% of your regular income if you can’t work for up to 5 years due to illness or injury. In short, it works when you can’t.

The Qantas Assure difference

Not all insurances are the same. When you join Qantas Assure Life Protect you can earn Qantas Points and put them towards flights, upgrades and more.

Earn up to 50,000 Qantas Points when you join 1
Min. premium applies
Earn 1 Qantas Point per $1 spent on your premium 2
Earn Qantas Points for using the Qantas Assure App 3

Why Qantas Assure Income Protection Insurance?

  • Up to 5 years of monthly benefits payments if you’re off work due to illness or injury
  • Covers 75% of your regular income to a maximum of $10,000 per month
  • Available for most occupations
  • Rehabilitation Program funding to assist your return to work
  • Dedicated Claims Manager to help with claims
  • No medical tests

Consider one or more of the following Covers

Income protection insurance cover - Accident Cover

Accident Cover

An accident can prevent you from working and leave you without an income. Accident Cover provides you with another income stream, should you suffer an accident such as a broken leg or a severe burn.

Income protection insurance cover - Sports Cover

Sports Cover

This cover works in tandem with Accident Cover, and extends your protection to include accidents as a results of playing sports such as a broken leg from playing football, or a torn hamstring playing tennis. Note: only available in conjunction with Accident Cover.

Income protection insurance cover - Illness Cover

Illness Cover

An illness can also leave you struggling to pay the bills. Illness Cover, however, keeps the money coming in if you suffer an illness that stops you from working, such as a heart attack.

Not sure what insurance you need?

Why Qantas Assure?

Today, Qantas Frequent Flyer members can feel confident that they’ll be looked after from the moment they take out an insurance policy, right through to when they claim.

Qantas Assure Life Protect is piloted by Qantas and backed by TAL, insurance underwriters for over 140 years. In 2016, TAL paid out over $1.3 billion in claims, the equivalent of $26 million a week, so you can see why they are our chosen partner.

Why Qantas Assure?

Today, Qantas Frequent Flyer members can feel confident that they’ll be looked after from the moment they take out an insurance policy, right through to when they claim.

Qantas Assure Life Protect is piloted by Qantas and backed by TAL, insurance underwriters for over 140 years. In 2016, TAL paid out over $1.3 billion in claims, the equivalent of $26 million a week, so you can see why they are our chosen partner.

  • Options available
    • Day One Accident

      Instead of having to wait out your chosen waiting period, your payments will start accruing from the first day you’re off work due to a total disability from an accident. (Available for 14 and 30 days waiting periods only. This can be set up over the phone).

    • Increasing Claims

      If you are receiving benefit payments, Increasing Claims allows the benefit amount to increase based on the indexation factor or 3%, whichever is lesser. (This can only be set up over the phone).

      For more information please see the PDS

  • How claims work
    • How to make a claim

      To make a claim, get in touch with our Claims Team. Every claim is different so we assign you a dedicated Claim Manager to find out what you need, to make it as easy as possible for you.

      Residing outside of Australia

      A maximum benefit period of 90 days will apply while you live outside of Australia.

    • Other income payments

      If you receive other income, it may reduce your Income Protection Benefit.

      For more information please see the PDS

  • General Information
    • The cost

      The cost of your Income Protection Insurance cover will depend on a range of factors, including your age and gender, occupation, health, the cover options you choose, how long you’ve had insurance with us and whether you are a smoker.

      Minimum and Maximum Cover

      You can apply for between $1,000 and $10,000 of cover month, remember that at the time of claim, the benefit amount payable will be assessed and limited at 75% of your regular income.

      What you’re not covered for

      Qantas Assure Life Protect gives you options to build a comprehensive insurance plan, but there are some events we can’t cover. For example, if something happens to you while you’re travelling in a dangerous country, or an intentional self-inflicted act.

      Premium changes

      Once your Cover is in place, your policy can’t be singled out for an increase in premium rates because of a change in your health or circumstances. However we are able to change the premium rates for all customers if conditions change or we receive more claims than expected.

    • Eligibility

      The eligible age range is from 18 to 59 years old. Or, 18 to 54 for some manual work occupations and must be in paid employment or self-employed for at least 20 hours a week. Australian citizens, permanent Australian residents, or New Zealand citizens residing permanently in Australia are eligible to apply.

      Cover Start and End Dates

      We will notify you when your cover is active, and you will stay covered until the policy anniversary following your 64th birthday. This is provided you pay your premiums when they’re due, and you have complied with the Duty of Disclosure.

      Applying for cover

      When you apply for Qantas Assure Life Protect, you will be asked a number of health and lifestyle questions. These questions relate to your Duty of Disclosure, and your answers may mean that you have increased risk factors under the Policy. If any special conditions apply we will discuss these with you.

      For more information please see the PDS

  • Total Disability Benefit

    If you’re totally disabled as a result of something you’re covered for and can’t work; you’ll receive monthly payments.

    Partial Disability Benefit

    If you’re partially disabled as a result of something you’re covered for and can’t work, you’ll receive partial monthly payments.

    Recurrent Disability

    If your disability gets better but then recurs within 12 months and you’re off work, there’ll be no waiting period before you start receiving payments again.

    Concurrent Disability

    If your disability is because of two illnesses or injuries, you’ll only receive payments for one disability - whichever provides you with the highest payment

    Inflation Protection

    Inflation Protection automatically increases your cover amount by 3% every year, or by the Consumer Price Index – whichever is greater. Your premiums will also increase accordingly.

    Waiver of Premium Benefit

    If you’re receiving a monthly payment for Total or Partial Disability, we will waive or reimburse your Income Protection premiums.

  • Rehabilitation Expense Benefit

    To help you get back to health, we will reimburse the expense of your rehabilitation through certain programs.

    Schedule Injury Benefit

    If you have Accident and Sports cover, you can receive an advance payment for certain injuries, such as a fractured wrist.

    Cover Pause

    In case of financial hardship, you can pause your cover for up to three months. You won’t pay premiums but you also won’t be covered during the Cover Pause period and 3 months after you restart paying premiums. It’s easy to switch on your cover again and you won’t need to go through the health and lifestyle assessment again (This can only be set up over the phone).

    Stepped vs. Level Premiums

    You can choose to pay either Stepped or Level Premiums. Stepped Premiums increase every year, but generally start off cheaper. Level Premiums generally start higher but do not increase each year with your age. Level premiums can increase through general premium rate rises and through Inflation Protection.

    For more information please see the PDS

  • Day One Accident

    Instead of having to wait out your chosen waiting period, your payments will start accruing from the first day you’re off work due to a total disability from an accident. (Available for 14 and 30 days waiting periods only. This can be set up over the phone).

  • Increasing Claims

    If you are receiving benefit payments, Increasing Claims allows the benefit amount to increase based on the indexation factor or 3%, whichever is lesser. (This can only be set up over the phone).

    For more information please see the PDS

  • How to make a claim

    To make a claim, get in touch with our Claims Team. Every claim is different so we assign you a dedicated Claim Manager to find out what you need, to make it as easy as possible for you.

    Residing outside of Australia

    A maximum benefit period of 90 days will apply while you live outside of Australia.

  • Other income payments

    If you receive other income, it may reduce your Income Protection Benefit.

    For more information please see the PDS

  • The cost

    The cost of your Income Protection Insurance cover will depend on a range of factors, including your age and gender, occupation, health, the cover options you choose, how long you’ve had insurance with us and whether you are a smoker.

    Minimum and Maximum Cover

    You can apply for between $1,000 and $10,000 of cover month, remember that at the time of claim, the benefit amount payable will be assessed and limited at 75% of your regular income.

    What you’re not covered for

    Qantas Assure Life Protect gives you options to build a comprehensive insurance plan, but there are some events we can’t cover. For example, if something happens to you while you’re travelling in a dangerous country, or an intentional self-inflicted act.

    Premium changes

    Once your Cover is in place, your policy can’t be singled out for an increase in premium rates because of a change in your health or circumstances. However we are able to change the premium rates for all customers if conditions change or we receive more claims than expected.

  • Eligibility

    The eligible age range is from 18 to 59 years old. Or, 18 to 54 for some manual work occupations and must be in paid employment or self-employed for at least 20 hours a week. Australian citizens, permanent Australian residents, or New Zealand citizens residing permanently in Australia are eligible to apply.

    Cover Start and End Dates

    We will notify you when your cover is active, and you will stay covered until the policy anniversary following your 64th birthday. This is provided you pay your premiums when they’re due, and you have complied with the Duty of Disclosure.

    Applying for cover

    When you apply for Qantas Assure Life Protect, you will be asked a number of health and lifestyle questions. These questions relate to your Duty of Disclosure, and your answers may mean that you have increased risk factors under the Policy. If any special conditions apply we will discuss these with you.

    For more information please see the PDS

Join now and make life more rewarding

1, 2, 3 Disclaimers

The information on this website is general advice only and does not take into account your individual needs, objectives or financial situation. Before you decide to buy or to continue to hold an insurance product, you must read the relevant combined Product Disclosure Statement (PDS) and Financial Services Guide (FSG). New applications and changes to cover are subject to acceptance.

Qantas Assure Life Protect is promoted by Qantas Airways Limited ABN 16 009 661 901 authorised representative No 261363 of the distributor, TAL Direct Pty Limited ABN 39 084 666 017 AFSL 243260. Policies and claims administered by the insurer, TAL Life Limited ABN 70 050 109 450 AFSL 237848. Qantas Points are at the discretion of Qantas and may be withdrawn at any time.