Give yourself the peace of mind that you can pay your expenses while you focus on your health and recovery.
| Feature | Opt-In Income Protection | Tailored Income Protection |
|---|---|---|
| Cover obtained | Opt-In1 | By application |
| 'Benefit period' | 2 years | 2 years, 5 years, to age 65 |
| 'Waiting period' | 90 days | 30, 60, 90, 180 days |
| Cover up to age 65 | ||
| Covers self-employed members | 4 | |
| Partial disablement payments | ||
| Indexation of cover | ||
| Occupation categories | 2 | 6 |
| Indexation of Income Protection claim benefits | 3 | |
| 'Occupational rehabilitation support' | ||
| Cover during paid and 'unpaid leave'2 | ||
| Cover during overseas employment | ||
| 'Limited cover' | 24 months and 30 day 'at work' requirement | |
| Maximum cover per month | $5,000 ($7,500 if you have White Collar cover) | $30,000 |
| Premium waiver when on claim |
Table footnotes
1. Within 120 days of joining Australian Retirement Trust you can apply to add Opt-In Income Protection cover.
2. Income Protection cover will stop where your period of 'unpaid leave' or parental leave exceeds 24 months.
3. Indexation applied to 'benefits only' under Tailored Income Protection cover.
4. Self-employed members for whom we receive Superannuation Guarantee contributions only. Refer to the Super Savings Insurance Guide for further details.
The cost of cover depends on your age, gender and occupational rating if applying for Tailored Cover, and will increase at certain ages. Any premium change will occur when cover alters at certain ages.
Income Protection premiums are calculated weekly and normally deducted from your Super Savings account each month.
Get a quote to find out how much your insurance will costYou can apply for an amount up to 85% of your 'income' (75% of your 'income' plus 10% superannuation contribution) but not more than $30,000 per month. 'Income' is defined in the Super Savings Insurance Guide.
You must apply within 120 days of joining Australian Retirement Trust. You can apply when you join online or via Member Online (if you are already a member).
If you would prefer filling in a paper application please complete and return the New Member Options form.
You can apply for cover through Member Online.
If you would prefer filling in a paper application please complete and return the Tailored insurance application form.
Check out the Super Savings Insurance Guide or contact us on 13 11 84 and we'll talk you through it.
An Income Protection benefit will not be paid if the injury or sickness is caused, wholly or partly, directly or indirectly, from:
A deliberate self-inflicted injury or attempted suicide or self-destruction while sane or insane,
An uncomplicated pregnancy, childbirth or miscarriage,
Your deployment to a hostile environment as part of active military service, where you participate in active service after your cover commences or increases,
A criminal act committed by you, or
Any matter subject to an individual exclusion that the insurer imposes on your Tailored Income Protection cover.
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 Total & Permanent Disability, and Income Protection, issued by AIA Australia Limited ABN 79 004 837 861, AFSL 230043.
