Insuranceline Income Protection Review

Cover up to 85% of your regular income if you suffer an illness or injury with Insuranceline Income Protection

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Insuranceline Income Protection

Income protection insurance from Insuranceline allows you to secure your income so you know it will be there if you were sick, injured or you were involuntarily unemployed. You can choose the options and benefits which suit your needs and your family's financial situation, and you can choose a benefit of up to 85% of your regular income when you make a claim, which can be up to $10,000 per month for up to five years. does not currently have access to this income protection insurance brand. You may wish to compare options available on the income insurance homepage.
Maximum monthly income$10,000 (Up to 85% of your monthly income)
Cover types
  • Rate Saver
  • Time Saver
Age of entry18-60
How do I apply?Online with the insurer

Based on the Insuranceline Rate Saver Income Protection Insurance policy. Information last checked on April 2019. Always consult the Product Disclosure Statement (PDS).

  • Flexible choice of waiting periods and benefit periods
  • No cover for mental illness
  • Cover 85% of your monthly income (most policies offer 75%)
  • Involuntary Unemployment Cover available

Based on the Insuranceline Rate Saver Income Protection Insurance policy. Information last checked on April 2019. Always consult the Product Disclosure Statement (PDS).

This cover might be suitable if:

  • You are after a higher percentage of income covered.
  • You want to add on redundancy cover to regular (injury and illness) income protection.
  • A flexible choice of how long your cover lasts for.
  • A flexible choice of how long you want to wait before income protection kicks in after claim.

Apply carefully if:

  • You have pre-existing medical conditions. You may be offered Time Saver Cover which may not cover you if it's a result of your pre-existing medical condition.

Don't get this cover if:

  • You are over 60 years of age.

Information last checked on April 2019. Always consult the Product Disclosure Statement (PDS).

Features of the Insuranceline Income Protection Policy

Insuranceline gives you plenty of time and financial support to get back on your feet, with the following features:

  • Up to 85% of your regular income benefit: Your income protection benefit from Insuranceline is paid to you as a monthly income, which is a percentage of your regular income. While you won't have exactly the same amount coming in each month, you can use the income benefit any way you choose, whether you need to use it for medical bills, mortgage repayments, utility bills or basic every day expenses like groceries.
  • Cover for illness and injury: Insuranceline income protection cover will pay a benefit if you become ill or injured and unable to work. This means you are covered for many common injuries and illnesses such as broken bones and fractures; however, you won't be covered for mental health disorders, alcohol-related sickness or injury, injuries which are self inflicted or injuries caused by an act of war.
  • Easy application made more affordable: You can apply quickly and easily for income protection with Insuranceline online or over the phone. However, if you want to take just a few more minutes to answer some additional questions about your health and lifestyle, you can save on your premiums, and you open up new features on your policy.
  • Choose your waiting period and benefit period: Insuranceline's Income Protection Plus Rate Saver offers generous benefit periods of up to five years (for sickness and injury cover) giving you plenty of time to get back on your feet. Plus, with the Income Protection Plus Rate Saver you can choose a waiting period of as little as 14 days (on sickness and injury cover), so you don't have to risk depleting your savings or other investments if you're unable to work.
  • Tax deductible premiums: Not only are the Insuranceline premiums affordable to begin with, they are generally tax deductible at the end of the financial year. This means your income protection insurance can help contribute to your refund at tax-time so you don't have to make a claim with Insuranceline to start benefiting from your cover.

Note: It's a good idea to check the Product Disclosure Statement (PDS) for full terms and conditions in regards to benefits and exclusions.

Insuranceline Time Saver vs Rate Saver

Insuranceline income protection insurance application is a fast and easy one, allowing you to secure cover without any more excuses. You also have the option to take a few more minutes to answer some additional questions, and tailor your cover with additional features.

If you answer a few health and lifestyle questions: Rate Saver

Insuranceline is able to offer you the Income Protection Plus Rate Saver. It includes:

  • A benefit of up to 85% of your regular income.
  • A monthly benefit of up to $10,000 (Excludes Involuntary Unemployment Cover).
  • A benefit period of six months, 12 months, 24 months or five years.

If you prefer not to answer health and lifestyle questions: Time Saver

Insuranceline is able to offer you the Insuranceline Time Saver Income Protection. It includes:

  • A benefit of up to 85% of your regular income.
  • A monthly benefit of up to $7,500 (Excludes Involuntary Unemployment Cover).
  • Your choice of six, 12 or 24 month benefit period.

How do Insuranceline Income Protection policies compare?

Sickness and Injury CoverRate SaverTime Saver
Maximum monthly cover amount$10,000$7,500
Maximum % of income covered85%85%
Benefit Period6 months, 12 months, 2 years or 5 years6 months, 1 year, 2 years
Waiting Period14, 28, 60 or 90 days28 days
Proof of incomeRequiredRequired for cover exceeding $3,000
Cover limit after age 65Up to $3,000 per monthUp to $3,000 per month
Expiry age7575
Involuntary Unemployment CoverRate SaverTime Saver
Maximum monthly cover amount$3,000$3,000
Benefit Period3 months3 months
Waiting Period28 days28 days
Expiry age6565
Cover OptionRate SaverTime Saver
Permanent Disability Cover$50,000 - $500,000 lump sum benefit$50,000 - $500,000 lump sum benefit (pre-existing medical conditions are excluded
Holiday Injury BenefitUp to $3,000 additional cover if insured is injured on holidays or more than 200km away from home or on a school or public holiday
Kids Injury CoverBenefit payment if your child is injured

Conditions apply, make sure you read the product disclosure statement (PDS) before applying. Information last checked as correct in November 2018 and is subject to change at anytime.

Applying for Insuranceline Income Protection

  • Eligibility: Insuranceline's Income Protection Plus Cover is available to Australian residents between 18 and 60 years of age. You can take out cover over the phone or send a request for more information through the Insuranceline website. You can phone between 8am and 8pm Monday to Friday, or visit to find out more.
  • Duty of Disclosure: Before you apply to buy a policy from Insuranceline, you'll need to satisfy your duty of disclosure under the Insurance Contracts Act 1984. It's your responsibility to answer any questions that the insurer asks you honestly and completely, plus to disclose any information which may affect the company's decision on whether or not to grant you cover. Failure to do so could result in your future claims being reduced or rejected, or perhaps even the cancellation of your policy.
  • Cooling off period: A 30-day cooling-off period applies to Income Protection. Often described as a money back guarantee this gives you 30 days after you sign up for a policy in which you can assess whether the policy meets your needs and if you still want to keep your cover. If you cancel your policy during this time, you'll receive a full refund of any premiums you have paid.

Insuranceline Involuntary Unemployment Cover

In these uncertain economic times, many Australians unexpectedly find themselves suddenly out of work. Coping with such an unexpected setback from a financial point of view can be quite difficult, which is why Insuranceline offers Involuntary Unemployment Cover as an option with Income Protection Cover.

Providing an extra financial safety net when you unexpectedly find yourself out of work, Involuntary Unemployment Cover can offer an ongoing benefit payment for up to three months. This can help you if you are looking for new employment, if you've been made involuntarily unemployed from your full-time job, or if you are self employed and your business is declared insolvent.

You'll need to be out of work for more than 28 days to make a claim under this policy, and Involuntary Unemployment Cover only begins once you've been on your Income Protection Plus plan for at least six months. Any involuntary unemployment which occurs before such a time is excluded from your cover. You'll also need to have been continuously employed in a full-time capacity (minimum 30 hours a week work) for the six months leading up to your claim.

There are certain other circumstances when involuntary unemployment benefits will not be paid. These include:

  • Where your employer has given notice (including mainstream media announcements) prior to the commencement of the benefit that the company may be making people redundant or may suspend or cease trade.
  • If your unemployment is a result of sickness or injury.
  • If your unemployment is due to voluntary redundancy, resignation or retirement.
  • Where your employer terminates your employment during a probationary period.
  • Where your unemployment is a result of you becoming personally insolvent.
  • Where your unemployment is a result of your business being unable to pay its debts.
  • Where your involuntary unemployment is caused by your misconduct, dishonesty or involvement in illegal activities, or by the use of alcohol or illegal drugs.
  • If you refuse an offer of reasonable alternative employment by your employer.
  • Your unemployment is a result of poor performance of your occupation.

Insuranceline Income Protection Insurance General Exclusions

Just as you would find on any other insurance policy, Insuranceline's Income Protection Plus Cover contains a list of exclusions. Under this type of policy, your claim will not be paid if:

  • You were not able to, or were only partially able to, perform your regular activities before your policy started.
  • Your claim is caused by any mental health disorder. This includes anxiety disorders, depression, stress disorders, eating disorders, drug and alcohol abuse, psychosomatic disorders and more.
  • Your claim is for any disorder related to fatigue, including chronic fatigue syndrome.
  • It is for a drug or alcohol related sickness or injury.
  • It is for cancer, stroke or heart attack at any time within six months of your policy's commencement date.
  • It is for normal and uncomplicated pregnancy.
  • It relates to war, terrorism or civil unrest.
  • It is a result of any intentional act of self-harm.
  • Your claim is for a sickness or injury that occurs as a result of or during committing a criminal offence.
  • It is for any other exclusion which Insuranceline has agreed with you first.

Insuranceline Income Protection Premiums

The premium you will have to pay for your Insuranceline Income Protection Plus Cover will be shown on your policy schedule. Your premiums will increase each year as you grow older, and will also rise in line with any increase in benefits. Similarly, if your benefits decrease your premium will be altered accordingly. Other factors, such as your occupation, age, lifestyle and health history will also be taken into account by Insuranceline when determining the amount of your premiums.

Insuranceline Income Protection Insurance Claims

  • Claim as soon as possible: Because making a claim under your income protection policy can be during a very stressful time, Insuranceline aims to keep the claims process as simple and straightforward as possible. If you need to make a claim under your policy, you need to contact Insuranceline as soon as possible after you discover you will be unable to return to work for longer than your Income Protection Plus waiting period.

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