
Get exclusive money-saving offers and guides
Straight to your inbox
We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!
Income protection covers you if you are unable to work due to injury or illness by paying you a portion of your regular earnings until you’re able to return to work. If you're a part time worker, some of the key conditions include:
If you have only a part-time or casual job you need to consider taking action to protect your earnings. This is important, because you may have less savings to fall back on than a full time worker.
An adviser can help you find cover from trusted life insurance brands.
Advised providers | What types of employment statuses are covered? | Minimum hours* |
---|---|---|
AIA | Permanent part time | 20-25 hours |
AMP | Permanent and part time | 30-40 hours |
Asteron | Permanent and part time | 30-40 hours |
BT | Not stated | Not stated |
ClearView | Gainfully employed | 20 hours |
Comminsure | Permanent and part time | 20 hours |
MLC | Permanent and part time | 40 hours |
OnePath | Permanent and part time | 20-30 hours |
TAL | Not stated | Not stated |
Zurich (advised) | Permanent and part time | 26-40 hours |
Policies bought direct from the insurer | What types of employment statuses are covered? | Hours* |
ANZ | Permanent | 20 hours |
Nobleoak | Not stated | Not stated |
Zurich | Permanent and part time or technically casual | 20 hours |
Woolworths | Permanent and part time, technically casual | 20 hours |
*Can vary depending on the type of occupation. Always consult the Product disclosure statement (PDS) if you are unsure. Back to top
Yes. While it is typical for income protection policies to require one to work at least 20 hours per week, there are still other options available. Zurich Ezicover, for example has a special level of cover for those who work less than 20 hours per week, and Onepath Living Expenses Cover can cover those who may not be working enough hours to qualify for standard income protection insurance.
If you work less than 20 hours per week, you may be able to get cover under "homemaker" income protection policies, but should make sure that working on a casual basis does not disqualify you from "homemaker" status with a certain policy.
Back to topDepending on your job, your income protection insurance will have different benefits and requirements. Insurance providers categorise occupations based on risk level and it’s important to know which category your job falls into. Some occupations such as farming are also susceptible to unpredictable income fluctuations, and you should ensure that you have good income protection insurance to help cover these unexpected shortfalls. Learn more about income protection insurance to make sure you have the best cover for your job.
Back to topStay-at-home parents or 'homemakers' can also claim income protection. A growing number of insurers in Australia are recognising homemakers as eligible recipients for income protection benefit payments. Insurers recognise the financial strain of losing a homemaker as it often results in needing to pay for the services of a professional worker to carry out day-to-day tasks. For single parents, injury or illness can mean that they can’t care for their children.
The BT Income Protection plan, for example, provides a benefit payment of up to $5,000 per month for up to two years if the homemaker is unable to perform normal home duties as a result of serious illness or injury.The BT Protection Plan also allows homemakers to take out a Children's Benefit under the income protection plan for homemakers. This insures their children for a lump sum amount in case of major medical events. In order to qualify for the Home Duties benefit which covers work around the house, applicants must be engaged in at least 20 hours of work per week.
Back to topThere are a number of things that you need to consider when you are looking for income protection as a part-time worker. Make sure you cover all the following steps:
Make an enquiry for income protection if you work part-time
Picture: Shutterstock
There are 24.4 million super accounts in Australia from a total of 84 funds, with MySuper assets equalling $812 billion. Find out more in our report.
The American Express Velocity Business Card earns points per $1 spent and offers complimentary travel insurance and two complimentary Virgin Australia lounge passes each year.
Thinking about buying a BMW X7? See average car insurance costs and find out about prestige car insurance
Find out about how to insure the luxury Mercedes-AMG G 63 4x4 SUV.
$100,000 life insurance policies can be very affordable. Compare costs and cover here.
Are you ready to take the plunge and open your own arborist business? Find out how to do it here.
Learn the key steps to take when setting up your own painting business.
The ANZ Rewards Platinum Credit Card offers a competitive rewards program, $0 annual fee for the first year, a $500 gift card, a balance transfer offer and a range of complimentary insurance covers.
How to get life insurance if you have been in a coma.
How to get life insurance if you’ve had a stroke.