Loading comparison data...

Compare Income Protection Providers

Compare income protection insurance from major Australian providers. Evaluate waiting periods, benefit periods, and how the monthly benefit is calculated.

Income protection insurance replaces up to 70% of your pre-disability income with monthly payments if you cannot work due to illness or injury. Unlike a one-off lump sum, it provides ongoing cash flow so you can keep paying the mortgage, rent, bills, and family expenses while you focus on recovery.

Premiums for cover held outside super are generally tax deductible (consult your tax adviser for your specific situation). That makes income protection one of the more cost-effective forms of personal insurance for self-employed and contract workers.

The key variables to compare are the waiting period (commonly 30, 60, or 90 days before benefits start; some insurers document 14-day options on certain cover types, and others use week-based waiting periods from 4 weeks), the benefit period (2 years, 5 years, to age 65, or to age 70), and how the indemnity benefit is calculated at claim time (all new retail policies are indemnity; APRA ended agreed value contracts for new business from 31 March 2020). Other features include partial-disability payments, rehabilitation support, return-to-work assistance, and how each insurer treats mental-health and pre-existing conditions in their underwriting and claims practice.

This page is a factual side-by-side comparison, not a personalised recommendation. The right structure depends on your occupation, income stability, existing employer sick leave, and how much premium you want to pay.

General Advice Only

This is general advice only and does not take into account your individual circumstances.
Please read the Product Disclosure Statement (PDS) before making a decision.
Consider seeking personal advice from a licensed financial adviser.

Insure Me For Life is Authorised Representative Number 1244847 of Consilium Advice Australia Pty Ltd, Australian Financial Services Licence 246623.

Common questions about income protection

Ready to see your prices?

Get indicative quotes from these providers in 3 minutes

Get My Free Quotes

Or start with an income protection quote for your income.

Compare other cover types

Compare life insurance

Lump-sum cover for your beneficiaries, compare 9 panel insurers side by side.

Compare TPD insurance

Total and permanent disability cover, own-occupation vs any-occupation definitions.

Compare trauma insurance

Critical illness cover: cancer, heart attack, stroke and 40+ listed conditions.

Compare business expenses cover

Keeps fixed business costs paid if you cannot work, for sole traders and owners.

Feature-by-feature comparison

How the panel insurers compare on the policy features that actually differentiate products. Drawn from the broker-facing PDS extractions. “See PDS” means we don't hold a documented value for that insurer, not that the insurer lacks the feature. The insurer's current Product Disclosure Statement is the authority in every case.

Feature	Acenda	AIA	ClearView	Encompass	Futura	NEOS	OnePath	TAL	Zurich
Income protection
Income replacement ratio Maximum percentage of pre-disability income paid as the monthly benefit, typically 70%.	See PDS	70% 70% of pre-disability income for first 24 months, reducing to 60% thereafter for certain benefit periods	See PDS	See PDS	70% 70% of first $25,000 per month, 50% of next $16,667, 20% of remainder	See PDS	70% Maximum percentage of pre-disability income paid as monthly benefit	70% 70% of first $25,000 per month ($300,000 per annum) of Pre-Claim Earnings; 50% of next $16,666 per month ($200,000 per annum); 20% of remainder	70% Maximum 70% of first $300k annual income, 50% of next $200k, 25% of balance
Agreed value option available Agreed value income protection (closed to new business since APRA October 2021 reforms; legacy policies only).

Only available when replacing existing Agreed Value Income Protection cover from AIA Australia for administrative reasons

Policy provides indemnity cover only

Income Protection CORE is available on an Indemnity basis only. Standard Income Protection also offers Indemnity and Extended Indemnity options.

Benefit based on pre-disability earnings at time of claim

Income Support Cover calculates benefit based on pre-disability income at time of claim

Income Secure Protection and Income Secure Protection Super use indemnity value - benefit calculated against income at time of claim

Benefit calculated against Pre-Claim Earnings at time of claim

Benefit based on income at time of claim, adjusted for other payments and income received

Available under Income Protection CORE and Income Protection plans

Partial benefits payable if working in reduced capacity; calculated proportionally based on earnings reduction

Pays proportional benefit if able to return to work in reduced capacity

Pays portion of monthly benefit if partially disabled and working in suitable work for no more than 80% of regular work hours

Pays proportional benefit if life insured can work in reduced capacity or restricted capacity in primary occupation (or any gainful occupation after 2 years on claim for to age 65 benefit period)

Rehabilitation Expenses Benefit reimburses costs up to 12 times the Insured Monthly Benefit for approved rehabilitation programs, equipment, and modifications.

Recovery Support by paying the cost to third-party providers of rehabilitation, equipment, re-skilling or re-training

Rehabilitation Benefit pays costs of approved rehabilitation programs and equipment up to 12 times monthly sum insured

Rehabilitation Benefit pays costs of approved rehabilitation program and equipment, maximum 12 times sum insured

Rehabilitation and retraining support provided at no cost under Income Secure Cover

Work Assistance Benefit reimburses cost of approved Rehabilitation Program up to 12 times Benefit Amount at start of Waiting Period

14 days, 30 days, 60 days, 90 days, 180 days, 1 year, 2 years

14 Days (A1, A2, M, A3, A4, B1, B2, C1, C2), 30 Days, 60 Days, 90 Days, 1 Year, 2 Years

14 days, 30 days, 60 days, 90 days, 1 year, 2 years

4 weeks, 8 weeks, 13 weeks, 2 years

4, 8, 13, 26 weeks or 2 years

4 weeks, 8 weeks, 13 weeks, 26 weeks

14 days, 30 days, 60 days, 90 days, 180 days, 1 year, 2 years

2 years, 5 years, To age 65

2 Years, 5 Years, To Age 65

2 years, 5 years, To age 65, To age 70

2 years, 5 years, To age 65

2 years, 5 years, to age 65

1 year, 2 year, 5 year, to age 65

Maximum Benefit Period shown in Policy Schedule

2 years, 5 years, To age 65

Built-in benefits
Premium Freeze Available Whether premium freeze exists	no	yes Available for Variable age-stepped premiums, minimum age 35	yes Premium Freeze Benefit available as built-in benefit at no extra cost	See PDS	See PDS	no	yes Available for Life Cover, TPD Cover and Trauma Cover with variable age-stepped premiums. Not available for Extra Care Cover, Child Cover, Cover under SuperLink arrangements or Cover with variable premiums.	yes Available if Variable Age-Stepped Premiums and Life Insured older than age 30; premium unchanged but Benefit Amount reduces yearly	no No premium freeze option mentioned, but premium waiver option available if life insured is totally disabled
Premium Freeze Option to freeze premiums at a certain age	See PDS	No Reduces Sum Insured to keep premium the same	See PDS	See PDS	See PDS	See PDS	No Premium fixed at level before policy anniversary; amount insured recalculated to amount purchasable by fixed premium. Can be activated by policy owner/life insured within 30 days of policy anniversary.	See PDS	See PDS
Future Insurability Option Ability to increase cover without medical evidence	No Increases without further Medical Evidence feature available for Life Cover, TPD and Critical Illness Plus insurances. Can apply to increase insurance without further medical evidence if specified personal or business events happen.	No Guaranteed Future Insurability and Salary Increase Benefit allow increases in cover without medical evidence under certain circumstances.	No Can increase cover in specified circumstances without medical information	No Available until policy anniversary after age 55 for specified personal or business events	See PDS	No Future Increase Benefit allows increases without medical evidence for specified life events	No Ability to increase Life, TPD, Trauma and/or Extra Care Cover amount insured without medical evidence upon specified personal, business or policy events. Maximum increase varies by event type, subject to conditions.	See PDS	No Can increase death, TPD or trauma cover without health assessment when certain life events happen (marriage, birth, salary increase, mortgage, etc.)
Guaranteed Renewability Policy cannot be cancelled by insurer	See PDS	No Policy cannot be cancelled by insurer except for non-payment of premiums or fraud	See PDS	See PDS	See PDS	No Guaranteed to renew each year until plan expires, provided premiums paid when due. Cannot be cancelled or have restrictions placed by insurer due to changes in health, occupation or pastimes.	No Policy continues each year despite changes in health, occupation or pastimes as long as premiums are paid	No Premium rates may change but policy cannot be singled out for cancellation	See PDS
Automatic Indexation Automatic annual increase in cover with CPI	No If Inflation Proofing applies to your insurance, then each year, on your Review Date, we'll automatically increase your sum insured to take inflation into account.	No Automatically increases Sum Insured at Policy Anniversary each year by the higher of CPI Increase and 5%	No Benefit amount automatically increased at each policy anniversary by CPI percentage increase	No Annual increase by greater of CPI or 3%	No Automatic annual increase by higher of 5% or CPI. Can be declined.	No Automatic annual increase by higher of 5% or CPI	See PDS	No Inflation Protection Benefit increases Insured Benefit Amount by Indexation Factor at each Policy anniversary unless opted out	No Cover automatically increased each year unless declined; increased by higher of 5% or CPI
Wellness Program Access to health and wellness benefits (e.g., AIA Vitality)	No Vivo Virtual Care - Get quick and easy access to confidential support from leading health and medical experts at any time. Offered to you and your family at no extra cost when you're insured by Acenda.	No AIA Vitality program available to eligible lives insured	No Health Rewards program provides initial premium discount; discount continues or reduces based on completing requirements on policy anniversaries	See PDS	See PDS	See PDS	See PDS	See PDS	See PDS

yes

Available for Variable age-stepped premiums, minimum age 35

yes

Premium Freeze Benefit available as built-in benefit at no extra cost

yes

Available for Life Cover, TPD Cover and Trauma Cover with variable age-stepped premiums. Not available for Extra Care Cover, Child Cover, Cover under SuperLink arrangements or Cover with variable premiums.

yes

Available if Variable Age-Stepped Premiums and Life Insured older than age 30; premium unchanged but Benefit Amount reduces yearly

No premium freeze option mentioned, but premium waiver option available if life insured is totally disabled

Reduces Sum Insured to keep premium the same

Premium fixed at level before policy anniversary; amount insured recalculated to amount purchasable by fixed premium. Can be activated by policy owner/life insured within 30 days of policy anniversary.

Increases without further Medical Evidence feature available for Life Cover, TPD and Critical Illness Plus insurances. Can apply to increase insurance without further medical evidence if specified personal or business events happen.

Guaranteed Future Insurability and Salary Increase Benefit allow increases in cover without medical evidence under certain circumstances.

Can increase cover in specified circumstances without medical information

Available until policy anniversary after age 55 for specified personal or business events

Future Increase Benefit allows increases without medical evidence for specified life events

Ability to increase Life, TPD, Trauma and/or Extra Care Cover amount insured without medical evidence upon specified personal, business or policy events. Maximum increase varies by event type, subject to conditions.

Can increase death, TPD or trauma cover without health assessment when certain life events happen (marriage, birth, salary increase, mortgage, etc.)

Policy cannot be cancelled by insurer except for non-payment of premiums or fraud

Guaranteed to renew each year until plan expires, provided premiums paid when due. Cannot be cancelled or have restrictions placed by insurer due to changes in health, occupation or pastimes.

Policy continues each year despite changes in health, occupation or pastimes as long as premiums are paid

Premium rates may change but policy cannot be singled out for cancellation

If Inflation Proofing applies to your insurance, then each year, on your Review Date, we'll automatically increase your sum insured to take inflation into account.

Automatically increases Sum Insured at Policy Anniversary each year by the higher of CPI Increase and 5%

Benefit amount automatically increased at each policy anniversary by CPI percentage increase

Annual increase by greater of CPI or 3%

Automatic annual increase by higher of 5% or CPI. Can be declined.

Automatic annual increase by higher of 5% or CPI

Inflation Protection Benefit increases Insured Benefit Amount by Indexation Factor at each Policy anniversary unless opted out

Cover automatically increased each year unless declined; increased by higher of 5% or CPI

Vivo Virtual Care - Get quick and easy access to confidential support from leading health and medical experts at any time. Offered to you and your family at no extra cost when you're insured by Acenda.

AIA Vitality program available to eligible lives insured

Health Rewards program provides initial premium discount; discount continues or reduces based on completing requirements on policy anniversaries

Policy changes
Increase Cover Without Medical Circumstances allowing cover increases without health checks	See PDS	yes Forward Underwriting allows you to increase your future cover if you experience specified Personal, Business or Other Events without having to provide additional information about your health. Business Safeguard Forward Underwriting allows you to increase your future cover if you experience specified Business Events without having to provide additional information about your health.	yes Future Increase Benefit allows increases in specified circumstances without medical information	See PDS	yes Future Increase Benefit allows increases without medical evidence after specified life events	See PDS	yes Available under Future Insurability for specified personal, business and policy events; Increasing Income feature for Income Secure (up to 15% annually); Increasing Expenses for Business Expense Cover; Business Guarantee Option for business insurance purposes.	See PDS	See PDS
Decrease Cover Ability to reduce cover amount	See PDS	No You can decrease the Sum Insured and/or Insured Monthly Benefit of an eligible benefit under the Policy at any premium due date providing the reduced Sum Insured, Insured Monthly Benefit or premium are not below the appropriate minimums in force at the time of the decrease.	No Must notify in writing to reduce cover level, remove option, or change to more restrictive option	No Can request to change sum insured subject to approval	No Sum insured can be reduced	No Can decline indexation increases within 30 days of plan anniversary	See PDS	No Option to reduce cover if premiums increase, subject to minimum premiums or sum insured	No Can make changes to policy including reductions; can reject or reduce inflation protection increases
Policy Conversion Options Convert to different policy type without medical evidence	See PDS	yes The benefits associated with certain covers held by you under a Superannuation Life Cover Plan issued to the trustee of the relevant fund can be replaced with Ordinary Life Cover Plan benefits, under a Policy issued to you, without providing any medical evidence, subject to those benefits being offered by us under an Ordinary Life Cover Plan at that time.	yes Continuation option allows replacement of cover from inside super to outside super without medical evidence	yes Can transfer cover between non-super and super policies	See PDS	yes Child Cover can be converted to Life Cover (with optional Critical Illness) without medical evidence when child turns 18 or 19	See PDS	yes Child's Critical Illness can convert to Life Insurance with Attached Critical Illness Insurance Standard Plan via Cover Continuation Benefit	yes Can apply to convert cover to a non-superannuation policy at any time while a member or within 30 days of leaving the Zurich Plan
Cancel Anytime Policy can be cancelled without penalty	No	No You or the trustee at your direction, as applicable, can cancel your Policy or individual benefits within the Policy at any time.	No Can cancel by notifying in writing or calling; cancellation effective from next premium instalment date	No	No Insurance cover can be cancelled by notice to the Administrator	No Policy can be cancelled by requesting cancellation	See PDS	No Policy can be cancelled at any time including due to premium increase	No Policy can be cancelled by notification, with end of cover at the end of the period premiums have been paid for
Cooling Off Period Period to cancel policy and receive full refund	30 days 30 days from the day on which your first Policy Schedule was issued	30 days Full refund of premiums if cancelled within cooling-off period	30 days Starts on the earlier of: the date you receive your policy, or five business days after your cover start date	30 days From the earlier of: the date you receive your policy schedule; or five business days after your policy commencement date	30 days From plan commencement date. Full refund if no claim made.	30 days 30 days from earlier of: date plan schedule received or 5 business days after plan commencement date	30 days Policy owner can cancel OneCare policy or any individual Cover within 30 days from the date Policy Schedule is issued	30 days Full refund unless claim made; refund subject to preservation rules if through superannuation	See PDS
Policy Ownership Transfer Ability to transfer policy ownership	See PDS	No If you purchased a non-superannuation Policy, you may transfer ownership of that Policy to another person or company provided that Policy does not include any Superannuation PLUS, Maximiser or Super Extras benefits.	See PDS	No Subject to relevant law including super law	No Plan ownership can be transferred to another person	See PDS	See PDS	See PDS	See PDS

yes

Forward Underwriting allows you to increase your future cover if you experience specified Personal, Business or Other Events without having to provide additional information about your health. Business Safeguard Forward Underwriting allows you to increase your future cover if you experience specified Business Events without having to provide additional information about your health.

yes

Future Increase Benefit allows increases in specified circumstances without medical information

yes

Future Increase Benefit allows increases without medical evidence after specified life events

yes

Available under Future Insurability for specified personal, business and policy events; Increasing Income feature for Income Secure (up to 15% annually); Increasing Expenses for Business Expense Cover; Business Guarantee Option for business insurance purposes.

You can decrease the Sum Insured and/or Insured Monthly Benefit of an eligible benefit under the Policy at any premium due date providing the reduced Sum Insured, Insured Monthly Benefit or premium are not below the appropriate minimums in force at the time of the decrease.

Must notify in writing to reduce cover level, remove option, or change to more restrictive option

Can request to change sum insured subject to approval

Sum insured can be reduced

Can decline indexation increases within 30 days of plan anniversary

Option to reduce cover if premiums increase, subject to minimum premiums or sum insured

Can make changes to policy including reductions; can reject or reduce inflation protection increases

yes

The benefits associated with certain covers held by you under a Superannuation Life Cover Plan issued to the trustee of the relevant fund can be replaced with Ordinary Life Cover Plan benefits, under a Policy issued to you, without providing any medical evidence, subject to those benefits being offered by us under an Ordinary Life Cover Plan at that time.

yes

Continuation option allows replacement of cover from inside super to outside super without medical evidence

yes

Can transfer cover between non-super and super policies

yes

Child Cover can be converted to Life Cover (with optional Critical Illness) without medical evidence when child turns 18 or 19

yes

Child's Critical Illness can convert to Life Insurance with Attached Critical Illness Insurance Standard Plan via Cover Continuation Benefit

yes

Can apply to convert cover to a non-superannuation policy at any time while a member or within 30 days of leaving the Zurich Plan

You or the trustee at your direction, as applicable, can cancel your Policy or individual benefits within the Policy at any time.

Can cancel by notifying in writing or calling; cancellation effective from next premium instalment date

Insurance cover can be cancelled by notice to the Administrator

Policy can be cancelled by requesting cancellation

Policy can be cancelled at any time including due to premium increase

Policy can be cancelled by notification, with end of cover at the end of the period premiums have been paid for

30 days

30 days from the day on which your first Policy Schedule was issued

30 days

Full refund of premiums if cancelled within cooling-off period

30 days

Starts on the earlier of: the date you receive your policy, or five business days after your cover start date

30 days

From the earlier of: the date you receive your policy schedule; or five business days after your policy commencement date

30 days

From plan commencement date. Full refund if no claim made.

30 days

30 days from earlier of: date plan schedule received or 5 business days after plan commencement date

30 days

Policy owner can cancel OneCare policy or any individual Cover within 30 days from the date Policy Schedule is issued

30 days

Full refund unless claim made; refund subject to preservation rules if through superannuation

If you purchased a non-superannuation Policy, you may transfer ownership of that Policy to another person or company provided that Policy does not include any Superannuation PLUS, Maximiser or Super Extras benefits.

Subject to relevant law including super law

Plan ownership can be transferred to another person

Premium structure
Premium Indexation How premiums are indexed	CPI or 3%, whichever is greater Indexation Benefit automatically increases sum insured annually by the greater of CPI increase or 3%. Can be declined by policy owner. Premium increases accordingly.	yes The policy fee will automatically increase each year effective from 1 October by the percentage increase in the CPI	yes Premiums indexed via Indexation Benefit (CPI-based benefit amount increases) and Health Rewards program	yes Sum insured increases by greater of CPI or 3%	See PDS	CPI Indexation Benefit automatically increases sum insured annually by higher of 5% or CPI percentage increase	CPI-based Premiums indexed based on CPI weighted average of eight capital cities, 12 month period ending 31 December, applied from 1 May following year. If CPI reduces, indexation factor is zero.	optional Inflation Protection Benefit automatically increases Benefit Amount on Policy anniversary by greater of 5% and Indexation Factor. Can be removed. Policy fee increased annually by greater of Indexation Factor or 3%.	yes Inflation protection increases cover annually by higher of 5% or CPI increase, can be declined
Payment Frequency Available payment frequencies (monthly, quarterly, annually)	See PDS	monthly, half-yearly, yearly Initial and subsequent premiums can be paid monthly, half-yearly or yearly by Mastercard, Visa Card, Diners Card and American Express or via Direct Debit from your financial institution.	monthly, annually Monthly or annual payment options available via various methods	See PDS	See PDS	Monthly or Annually 8% frequency loading applies to monthly payments	monthly, quarterly, annually Different payment frequencies available	monthly, half-yearly, quarterly, annually All premiums payable in advance	See PDS
Premium Holiday Ability to pause premiums temporarily	See PDS	See PDS	See PDS	See PDS	No Suspending Cover Benefit allows suspension for up to 12 months during financial hardship	No Can suspend cover for 3, 6, 9 or 12 months due to hardship, maximum 12 months over life of cover	No Premium and Cover Suspension available for Income Secure Cover for up to 6 months (maximum 24 months over life of policy). Premium Break available for Business Expense Cover for up to 12 consecutive months.	No Premium Pause Benefit allows temporary suspension of Income Protection premiums and cover for up to 12 months	See PDS
Premium Type Stepped or level premium structure	Stepped Variable age-stepped premium structure. Premiums recalculated each year based on age and premium rate at Review Date.	stepped, level, and optimum available Premium options include Variable age-stepped premium, Variable premium (level), and Optimum premium. Availability varies by cover type.	both available Variable age-stepped premium and variable premium available. Variable premium converts to variable age-stepped at policy anniversary after age 65	Variable age-stepped premium	See PDS	both available Variable age-stepped premium, Variable premium to age 65 (reverts to age-stepped after 65), Variable premium to age 70 (reverts to age-stepped after 70)	variable age-stepped or variable Stepped or level premium structure available	Variable Age-Stepped Premium or Variable Premium Two premium options available	Variable age-stepped or variable premiums Policy schedule shows whether premiums are variable age-stepped or variable
Multi-Policy Discount Discount for bundling multiple policies	See PDS	No Bundled discount and Lump Sum Bundled discount available for multiple policies meeting specified premium thresholds	See PDS	See PDS	See PDS	See PDS	See PDS	See PDS	See PDS
Direct Debit Discount Discount for setting up automatic payments	See PDS	No No direct debit discount explicitly mentioned in this excerpt	See PDS	See PDS	No 7% frequency loading applied for monthly payments (inverse discount for annual)	See PDS	See PDS	No Premium frequency discount may apply for half yearly and annually payments	See PDS

CPI or 3%, whichever is greater

Indexation Benefit automatically increases sum insured annually by the greater of CPI increase or 3%. Can be declined by policy owner. Premium increases accordingly.

yes

The policy fee will automatically increase each year effective from 1 October by the percentage increase in the CPI

yes

Premiums indexed via Indexation Benefit (CPI-based benefit amount increases) and Health Rewards program

yes

Sum insured increases by greater of CPI or 3%

CPI

Indexation Benefit automatically increases sum insured annually by higher of 5% or CPI percentage increase

CPI-based

Premiums indexed based on CPI weighted average of eight capital cities, 12 month period ending 31 December, applied from 1 May following year. If CPI reduces, indexation factor is zero.

optional

Inflation Protection Benefit automatically increases Benefit Amount on Policy anniversary by greater of 5% and Indexation Factor. Can be removed. Policy fee increased annually by greater of Indexation Factor or 3%.

yes

Inflation protection increases cover annually by higher of 5% or CPI increase, can be declined

monthly, half-yearly, yearly

Initial and subsequent premiums can be paid monthly, half-yearly or yearly by Mastercard, Visa Card, Diners Card and American Express or via Direct Debit from your financial institution.

monthly, annually

Monthly or annual payment options available via various methods

Monthly or Annually

8% frequency loading applies to monthly payments

monthly, quarterly, annually

Different payment frequencies available

monthly, half-yearly, quarterly, annually

All premiums payable in advance

Suspending Cover Benefit allows suspension for up to 12 months during financial hardship

Can suspend cover for 3, 6, 9 or 12 months due to hardship, maximum 12 months over life of cover

Premium and Cover Suspension available for Income Secure Cover for up to 6 months (maximum 24 months over life of policy). Premium Break available for Business Expense Cover for up to 12 consecutive months.

Premium Pause Benefit allows temporary suspension of Income Protection premiums and cover for up to 12 months

Stepped

Variable age-stepped premium structure. Premiums recalculated each year based on age and premium rate at Review Date.

stepped, level, and optimum available

Premium options include Variable age-stepped premium, Variable premium (level), and Optimum premium. Availability varies by cover type.

both available

Variable age-stepped premium and variable premium available. Variable premium converts to variable age-stepped at policy anniversary after age 65

Variable age-stepped premium

both available

Variable age-stepped premium, Variable premium to age 65 (reverts to age-stepped after 65), Variable premium to age 70 (reverts to age-stepped after 70)

variable age-stepped or variable

Stepped or level premium structure available

Variable Age-Stepped Premium or Variable Premium

Two premium options available

Variable age-stepped or variable premiums

Policy schedule shows whether premiums are variable age-stepped or variable

Bundled discount and Lump Sum Bundled discount available for multiple policies meeting specified premium thresholds

No direct debit discount explicitly mentioned in this excerpt

7% frequency loading applied for monthly payments (inverse discount for annual)

Premium frequency discount may apply for half yearly and annually payments

General
Insurance Company Name of the insurance provider	Nippon Life Insurance Australia and New Zealand Limited, trading as Acenda ABN 90 000 000 402, AFSL 230694	AIA Australia Limited ABN 79 004 837 861, AFSL 230043	ClearView Life Assurance Limited ABN 12 000 021 581, AFSL 227682	Nippon Life Insurance Australia and New Zealand Limited Trading as Acenda	NobleOak Life Limited ABN 85 087 648 708, AFSL 247 302	NobleOak Life Limited ABN 85 087 648 708 AFSL 247 302	Zurich Australia Limited Trading as OnePath Life, ABN 92 000 010 195, AFSL 232510	TAL Life Limited ABN 70 050 109 450, AFSL 237848	Zurich Australia Limited ABN 92 000 010 195, AFSL 232510
Product Name Name of the insurance product	Acenda Insurance and Acenda Insurance (Super)	See PDS	See PDS	Encompass Protection	Futura Protection	NEOS Protection	See PDS	Accelerated Protection	Zurich Wealth Protection
Company Size Market position and scale of operations	Member of Nippon Life Group Nippon Life Insurance Australia and New Zealand Limited ABN 90 000 000 402 AFSL 230694, member of the Nippon Life Group	See PDS	ASX listed, $359 million in-force premiums, 80,000+ policyholders Listed on Australian Securities Exchange with $359 million of in-force premiums as at 31 December 2023, protecting over 80,000 policyholders with 100% Australian-based operations	See PDS	See PDS	APRA regulated life insurer NobleOak Life Limited ABN 85 087 648 708, AFSL 247 302, regulated by Australian Prudential Regulation Authority	Over 150 years heritage, part of Zurich Insurance Group, serves more than two million customers, employs more than 56,000 people worldwide, operates in over 210 markets OnePath is a leading life insurance brand with heritage of over 150 years. Part of Zurich Insurance Group, one of Australia's largest life insurers	TAL Group paid over $4.2 billion in claims to over 50,128 customers between 1 April 2023 and 31 March 2024 Claims statistics based on total claims paid under TAL Life Limited and TAL Life Insurance Services Limited insurance products	ABN 92 000 010 195, AFSL 232510 Zurich Australia Limited with Australian Business Number and Financial Services License
Annual Claims Paid Total dollar value of claims paid annually	See PDS	$2.6 billion Total claims paid in 2024 across Retail, Group and Direct insurance policy claims	$127 million Over $127 million paid in claims to 1,032 claimants in FY23 (12 months to June 2023)	See PDS	See PDS	See PDS	See PDS	$4.2 billion Total claims paid by TAL Group between 1 April 2023 and 31 March 2024 to over 50,128 customers and their families	See PDS

Nippon Life Insurance Australia and New Zealand Limited, trading as Acenda

ABN 90 000 000 402, AFSL 230694

AIA Australia Limited

ABN 79 004 837 861, AFSL 230043

ClearView Life Assurance Limited

ABN 12 000 021 581, AFSL 227682

Nippon Life Insurance Australia and New Zealand Limited

Trading as Acenda

NobleOak Life Limited

ABN 85 087 648 708, AFSL 247 302

NobleOak Life Limited

ABN 85 087 648 708 AFSL 247 302

Zurich Australia Limited

Trading as OnePath Life, ABN 92 000 010 195, AFSL 232510

TAL Life Limited

ABN 70 050 109 450, AFSL 237848

Zurich Australia Limited

ABN 92 000 010 195, AFSL 232510

Acenda Insurance and Acenda Insurance (Super)

Encompass Protection

Accelerated Protection

Zurich Wealth Protection

Member of Nippon Life Group

Nippon Life Insurance Australia and New Zealand Limited ABN 90 000 000 402 AFSL 230694, member of the Nippon Life Group

ASX listed, $359 million in-force premiums, 80,000+ policyholders

Listed on Australian Securities Exchange with $359 million of in-force premiums as at 31 December 2023, protecting over 80,000 policyholders with 100% Australian-based operations

APRA regulated life insurer

NobleOak Life Limited ABN 85 087 648 708, AFSL 247 302, regulated by Australian Prudential Regulation Authority

Over 150 years heritage, part of Zurich Insurance Group, serves more than two million customers, employs more than 56,000 people worldwide, operates in over 210 markets

OnePath is a leading life insurance brand with heritage of over 150 years. Part of Zurich Insurance Group, one of Australia's largest life insurers

TAL Group paid over $4.2 billion in claims to over 50,128 customers between 1 April 2023 and 31 March 2024

Claims statistics based on total claims paid under TAL Life Limited and TAL Life Insurance Services Limited insurance products

ABN 92 000 010 195, AFSL 232510

Zurich Australia Limited with Australian Business Number and Financial Services License

$2.6 billion

Total claims paid in 2024 across Retail, Group and Direct insurance policy claims

$127 million

Over $127 million paid in claims to 1,032 claimants in FY23 (12 months to June 2023)

$4.2 billion

Total claims paid by TAL Group between 1 April 2023 and 31 March 2024 to over 50,128 customers and their families

“See PDS” means we don't hold a documented value for that insurer, not that the insurer lacks the feature. The insurer's current Product Disclosure Statement is the authority in every case.

income protection compared across the insurer panel, one row per insurer, showing entry ages and sum insured limits, waiting periods and benefit periods
		Products					Waiting Periods	Benefit Periods
No products found for the selected providers.
	Acenda	Income Protection	19	60	$1.5k	$30k	14 days, 30 days, 90 days, 1 year	2 years, 5 years, To age 65	Get Quote
Description Replaces income if unable to work due to injury or illness
	AIA	Income Protection CORE, Income Protection Plan, Superannuation Income Protection Plan	15	59	See PDS	See PDS	14 Days (A1, A2, M, A3, A4, B1, B2, C1, C2), 30 Days, 60 Days, 90 Days, 1 Year, 2 Years	2 Years, 5 Years, To Age 65	Get Quote
Income Protection CORE Detailed feature data for this product isn't loaded yet. See the provider page for the full PDS summary, or get an indicative quote to see how the cover applies to your situation. Income Protection Plan Detailed feature data for this product isn't loaded yet. See the provider page for the full PDS summary, or get an indicative quote to see how the cover applies to your situation. Superannuation Income Protection Plan Detailed feature data for this product isn't loaded yet. See the provider page for the full PDS summary, or get an indicative quote to see how the cover applies to your situation.
	ClearView	Accidental Income Protection Cover, Income Protection Cover	18	60	See PDS	See PDS	30 days, 60 days, 90 days, 2 years (only with existing group income protection)	2 years, 5 years, To age 65	Get Quote
Accidental Income Protection Cover Description Provides monthly benefit payments if you are unable to work due to an accident only Premium structures Variable age-stepped premium Income Protection Cover Description Provides monthly benefit payments if you are unable to work due to sickness or injury Built-in benefits Indexation Benefit Future Increase Benefit Premium Freeze Benefit Waiver of Monthly Premium While Involuntarily Unemployed Benefit Rehabilitation and Retraining Benefit Death Benefit Premium Waiver Benefit Accommodation Benefit Day One Accident Cover Booster Benefit Family Care Benefit Pregnancy Complication Benefit Optional benefits Accident Option Specific Injuries Benefit Crisis Benefit Waiver of Premium on Unemployment Option Disability Premium Waiver Option Premium structures Variable age-stepped premium Variable premium
	Encompass	Income Protection Cover	18	60	$1.5k	$30k	30 days, 60 days, 90 days	2 years, 5 years, To age 65	Get Quote
Detailed feature data for this product isn't loaded yet. See the provider page for the full PDS summary, or get an indicative quote to see how the cover applies to your situation.
	Futura	Income Protection Cover	18	60	See PDS	See PDS	4 weeks, 8 weeks, 13 weeks, 2 years	2 years, 5 years, To age 65	Get Quote
Description Provides a monthly benefit when the insured is totally disabled or partially disabled as result of illness or injury for longer than the specified waiting period Optional benefits Increasing Claims Option Superannuation Contribution Option Premium Saver Option
	NEOS	Income Support Cover	18	60	See PDS	See PDS	4 weeks, 8 weeks, 13 weeks, 26 weeks, 2 years	See PDS	Get Quote
Detailed feature data for this product isn't loaded yet. See the provider page for the full PDS summary, or get an indicative quote to see how the cover applies to your situation.
	OnePath	Income Secure Cover	19	60	$1k	$30k	30 days, 60 days, 90 days, 2 years	See PDS	Get Quote
Detailed feature data for this product isn't loaded yet. See the provider page for the full PDS summary, or get an indicative quote to see how the cover applies to your situation.
	TAL	Income Protection (IP)	19	60	See PDS	See PDS	4 weeks, 8 weeks, 13 weeks, 26 weeks	See PDS	Get Quote
Detailed feature data for this product isn't loaded yet. See the provider page for the full PDS summary, or get an indicative quote to see how the cover applies to your situation.
	Zurich	Income Protection	19	60	See PDS	See PDS	30 days, 60 days, 90 days, 1 year, 2 years	2 years, 5 years, To age 65	Get Quote
Description Replaces income if unable to work due to injury or illness

Compare Income Protection Providers

Common questions about income protection

Ready to see your prices?

Compare other cover types

Compare life insurance

Compare TPD insurance

Compare trauma insurance

Compare business expenses cover

Related reading

Income protection vs life insurance

Insurer panel

Health conditions

Tradies hub

Glossary

Feature-by-feature comparison

Filter by Provider

Description

Description

Premium structures

Description

Built-in benefits

Optional benefits

Premium structures

Description

Optional benefits

Description