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Income Protection (IP) cover

Income protection cover is designed to provide you a replacement income if you are unable to work due to sickness or injury.

IP premiums deducted from your super, so they have no impact on your take-home pay. You may also have the added advantage of insurance premiums offsetting your 15% contributions tax liability.

We offer two solutions:

 Opt In IP  Tailored IP
 An easy solution to protect your income  Tailored cover to suit your unique situation
 You must apply within 120 days You can apply anytime
 You can cover up to 85% of your income  You can cover up to 85% of your income
 Benefit payable for up to 2 years  Choose a benefit period of 2 yrs, 5 yrs or to age 65
 Covered up to age 65  Choose a waiting period of 30, 60, 90 or 180 days
 Limited cover applies (1)  Covered up to age 65
 While on claim we'll pay your premiums  Cover subject to application and acceptance
   While on claim we'll pay your premiums
   Indexation of cover
   Indexation of benefit payments

(1) Limited Cover means that you will not be covered for pre-existing illness or injury. Limited cover will apply for a period of 24 months and until you have been at work for 30 consecutive days after the end of the 24 month period.

How much will cover cost per week?

The cost of the insurance will depend, on your age, level of cover, benefit period, waiting period and occupation. All premiums will be automatically deducted from your super account and so have no impact on your take-home pay.

To find out the cost of cover check out our insurance premiums.

Things to consider

  • Premiums generally increase with age.
  • If you cease making contributions or have a low account balance insurance premiums could erode your retirement savings.
  • Casuals and employees on short-term contracts may be ineligible for cover.
  • IP benefits are taxable income and subject to PAYG tax.

What's not covered?

An IP benefit will not be paid if injury or illness is caused from:

  • Intentional self inflicted injury.
  • Uncomplicated pregnancy, childbirth or miscarriage.
  • During the waiting period.

Ready to apply?

 Opt In IP  Tailored IP

You must apply within 120 days of joining Sunsuper. You can apply when you join online.

If you would prefer to complete a paper application, please complete and return the New Member Options form [PDF 113KB].

 You can apply for cover through Member Online.

 If you would prefer to complete a paper application, please complete and return the Tailored insurance application [PDF 779KB].


Need more information?

Check out the Sunsuper for Life insurance guide [PDF 4.83MB] or give us a call on 13 11 84 and we'll talk you through it.

Important information

The needs calculator, quote tool and online application are on AIA's website. Their terms of use will apply.
Additional insurance is subject to acceptance by the insurer. The date cover starts will usually be the date it is accepted by the insurer.
Insurance cover is provided through group life policies for Death and TPD, and Income Protection, issued by AIA Australia Limited ABN 79 004 837 861.