Protect Income Protection Insurance

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Protect is a leading Australian provider of industry severance schemes, covering workers across diverse industries (including maritime, construction, manufacturing, power and petrochemical) who experience a non-work related serious injury or illness. This includes income protection cover, lump sum death benefits, serious trauma benefits and more.

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Genuine Redundancy Cover

This product from Protect aims to offer the maximum possible benefits to members who are made redundant. A Genuine Redundancy Account from Protect is designed to increase the amount of your severance payment by almost one-third thanks to tax-free redundancy payments.

Members will need to have chosen this account option and will also only be eligible if their employer makes them redundant because their job is no longer required. You can make a claim online and take advantage of the fact that Protect does not charge any claim processing fees.

In addition, you are still able to make a claim under your Genuine Redundancy Account if you have started a new job, while the account offers payments up to the ATO tax-free claim limit for initial claims.

Protect Personal Injury and Illness Insurance

Protect also administers a wide range of personal injury and illness insurance covers to protect the financial needs of Australian workers. Policy schedules are held by the relevant workers' union for each member and are issued by ATC Insurance Solutions. As injuries and illnesses suffered in the workplace are covered by your state workers' compensation scheme, Protect Injury and Illness Insurance is mainly designed to cover you for injuries and illnesses that are not related to work.

Features of this cover include protection when you suffer an injury playing amateur sport, no requirement to first use up your sick leave before you can receive benefits, plus cover for all transport accidents.

Income Protection Benefits

Protect Premium Income Protection is designed to offer much-needed financial assistance when you suffer an injury or illness and are unable to work to earn an income. While many income protection policies on the market will only provide cover for up to 75% of an ill or injured worker's regular income, Protect Income Protection covers 100 per cent of your income (including overtime and allowances). However, limits do apply depending on the industry you work in, such as a maximum of $1,800 per week for electrical tradespersons and a maximum of $1,800 per week for maritime workers.

The policy offers 24/7 cover to all workers, though a 14-day waiting period does apply when you make a claim. Other features include cover for amateur sport injuries and cover for any transport accidents you are involved in, not just those that occur on your way to or from work.

Protect Extra Cover

Union members who are covered by Protect Injury and Illness Insurance or MUA Protect Injury and Illness Insurance may also be eligible to take advantage to higher benefits and an increased level of cover through Protect Extra Cover. Designed as a separate policy schedule which is held up the relevant workers' union and administered by Protect, this policy option can offer a much higher level of financial protection for you and your family.

The main feature of Protect Extra Cover is the bigger lump sums you can receive when you make a claim. For example, Protect Extra Cover offers up to a $75,000 lump sum total and permanent disablement benefit for an accidental injury outside of work, or up to a $275,000 lump sum total and permanent disablement benefit for an accidental injury suffered at work.

Other features include extended income protection cover for those aged 65 to 70, as well as benefits for emergency home help and domestic duties assistance.

Lump sum death benefits

Protect Injury and Illness Insurance is designed to offer much higher lump sum benefit amounts for many accidental injuries than those provided by a number of other industry insurers. And union members can take advantage of even higher benefits thanks to Protect Extra Cover, which entitles them to an additional lump sum benefit of 50% or more to help their beneficiaries cope with the financial impact of the death of a loved one.

For example, if you die from at-work injury and you have dependants, Protect Injury and Illness Insurance offers a lump sum benefit of $150,000. If you have Protect Extra Cover, your beneficiaries can receive an extra $250,000 on top of the initial benefit amount.

Serious trauma benefits

Financial union members who qualify for Protect Extra Cover can also take advantage of significantly increased benefit amounts for trauma claims. On top of the standard benefit amount, Extra Cover offers an additional benefit of 50 per cent or more to help you and your family cope with the financial burden of your illness or injury. The table below outlines some of the additional benefits which you may be able to receive.

AccidentProtectProtect Extra Cover
Permanent paraplegia or quadriplegia from an at-work injury$150,000an additional $275,000
Total and permanent disablement from an at-work injury$50,000an additional $75,000
Permanent paraplegia or quadriplegia from an injury outside of work$50,000an additional $75,000
Total and permanent disablement from an injury outside of work$50,000an additional $75,000
Permanent total loss of sight of one or both eyes$50,000an additional $75,000
Permanent total loss of one or two limbs$50,000an additional $75,000

Broken bones benefits

Protect insurance cover also offers a high level of protection for broken bones and fractures suffered as a result of non work-related injuries. Once again, financial union members can take advantage of a much larger benefit offered by Protect Extra Cover to provide the financial support they need.

The benefits offered by Protect and Protect Extra Cover are outlined in the table below.

AccidentProtectionProtect Extra Cover
Neck, skull or spine (full break)$5,000$8,000
Skull or spine (hairline fracture)$1,500$2,500
Hip$3,750$6,250
Pelvis$2,500$6,250
Ankle or knee (full break)$2,500$4,000
Ankle or knee (hairline fracture)$1,000$1,600
Leg (full break)$2,500$4,000
Leg (hairline fracture)$1,000$1,600
Jaw$2,500$4,000
Cheekbone$1,500$2,500
Collarbone$1,000$2,500
Foot or hand
(excludes toes and fingers)
$375$2,000
Nose$1,000$1,600
Rib/s$500$1,600
Arm, elbow or wrist$1,250$2,000
Finger/s$250$1,600

Dental injury benefits

Another feature of Protect Injury and Illness Insurance is protection for accidental dental injuries. You and your dependants are covered for lost, damaged or broken teeth, up to a maximum of four events per family each year. The maximum lump sum payment available from Protect is $2,500, but Protect members who are also financial union members can take advantage of a maximum lump sum benefit of $3,750 provided by Protect Extra Cover.

The benefits offered are detailed in the table below.

AccidentProtectProtect Extra Cover
Loss of front tooth, per tooth$250$500
Fractured or broken tooth, per tooth$150$350
Loss of teeth (other than front teeth), per tooth$150$350
Chipping of teeth, per tooth$75$175
Loss of filling, per filling$75$175

Additional insurance benefits

Protect Injury and Illness Insurance customers can also take advantage of the following benefits:

  • Over 65 years of age: extended income protection for injuries. If you're over 65 and under 70, you can get access to income protection benefits for up to 26 weeks for injuries.
  • Funeral expenses. If you die as a result of an injury, Protect will pay up to $5,000 for your burial or cremation.
  • Return to work and rehabilitation assistance. If you're receiving weekly benefits for an injury or illness, you may be able to access up to $20,000 to support your return to work with rehabilitation assistance.

Protect Extra Cover also provides insurance benefits to financial union members. These include

  • Extended income protection for illnesses for over 65 year olds
  • Death and injury benefits for over 65 year olds up to $750,000
  • Emergency home help
  • Domestic duties assistance
  • Chauffeur plan

Case Study

Leslie was in a car accident and suffered a broken jaw, fractured cheekbone and three broken bones in her neck. With bolts in her skull and forced to wear a neck brace, Leslie was unable to work for 10 months. While her state transport accident scheme provided cover for 75% of Leslie's average weekly income, Protect topped up Leslie's benefit payments so that they covered 100% of her weekly pre-accident earnings. This ensured that Leslie could cope financially and simply focus on her recovery until she was ready to return to work.

Make a claim

If you suffer any loss or damage and wish to make a claim, notify Protect of this fact as soon as possible. You will be sent a claim form which you will need to complete and then return to your insurer. It's also important that you take all reasonable steps to prevent any further loss or damage occurring.

You may also be asked to provide supporting documentation to accompany your claim, such as a medical report or other information from your treating doctor.

Protect offers a competitive suite of income protection and injury and illness insurance policies to help you manage financially when disaster strikes. However, make sure to compare the company's offerings with other products on the market to find the right cover for your needs.

Compare other income protection policies in Australia

Name Product Maximum Monthly Benefit Maximum % of Income Covered Maximum Benefit Period Waiting Period Options
AAMI Income Protection
$10,000
75%
Up to
5 years
14, 28, 60 or 90 days
If you’re an existing AAMI customer, you can save 5% on income protection. New customers can get one month free by paying annually.
Insuranceline Income Protection
$10,000
75%
Up to
5 years
14, 28, 60 or 90 days
Get a $100 bonus gift after 2 months. Plus, and get 12 months cover for the price of 11 if you pay annually. T&Cs apply.
NobleOak Income Protection
$25,000
75%
Up to 65
30 or 90 days
With NobleOak, you can lock in a policy with a benefit period covering you up to the age of 65. Cover limits may go as high as $25,000.
Suncorp Income Protection
$10,000
75%
Up to
5 years
14, 28, 60 or 90 days
Sign up and become a member of Suncorp Benefits. Access savings of up to 15% from major retailers. Existing members can get a 5% discount off their policy.
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