10% off premiums for Medibank insurance members
Medibank members can save 10% off premiums on a income protection policy.
With Medibank Income Protection, you can receive an ongoing benefit payment of 75% of your income to a maximum of $7, 500 per month if you can't work after suffering a serious injury or illness. You will also be eligible for additional payments for rehabilitation expenses and a lump-sum payment if you suffer a total and permanent disability.
Cover can be put in place quickly with no medical or blood tests to apply. This review will explore the key benefits of this policy the requirements to apply.
|Maximum monthly income||$7,500 (Up to 85% of your monthly income)|
|Age of entry||18-59|
|How do I apply?||Online with the insurer|
Medibank Income Protection is available to Australian residents aged between 18 and 59 years of age. If you work at least 20 hours per week in permanent paid employment or self-employment, you can apply for Standard Cover and a maximum monthly benefit of $7,500. If you work less than 20 hours per week, paid or unpaid, you can apply for Essential Cover and a maximum monthly benefit of $3,500.
The insurer has the right to accept or decline an application for cover for any reason. Cover expires on the policy anniversary following your 65th birthday.
Your Medibank Income Protection claim will not be paid if it arises due to:
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