TAL Income Protection

Protect up to 75% of your income if you can't work following illness or injury with TAL Income Protection.

TAL

Protect up to 75% of your income if you can't work following illness or injury with TAL Income Protection.

TAL is an insurer that offers income protection cover for Australians who are looking to protect their lifestyle if something stops them from working for a period of time. TAL offers two ways to get cover:

  • Through an adviser. If you need some help assessing your needs and a walk-through the application process.
  • Directly with TAL. If you prefer to apply for income protection yourself you can get cover through it's direct channel.

Get a quote for TAL Income Protection

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Coverage is the amount of money that you will be paid in the event of a claim. An insurance consultant can help you determine an appropriate amount. Calculator
Provides a lump sum payment if you become totally and permanently disabled and are unable to return to work.
Provides a lump sum payment if you suffer a serious medical condition. Cover can be taken out for 40-60 medical conditions depending on the policy you choose.
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Note: This summary is based on TAL's retail policy (sold through an adviser). For information about getting cover directly with TAL, check out our review here.

Maximum monthly income$30,000 (Up to 75% of your monthly income)
Age of entry19-64
Types of cover available
  • Income Protection Standard
  • Income Protection Premier
  • Income Protection Super

How much can I expect to pay?For an annual income of $75,000:

  • $71.77 per month to cover 75% of your monthly income
How do I apply?Over the phone with an adviser

Based on TAL Accelerated Income Protection. Age of entry varies with the type of premium you choose. Costs are an estimate based on a male, non-smoking office worker and was taken out on April 2019 using Finder's quote engine. Cost is subject to change at anytime.

ProsCons
  • Three types of cover to suit various circumstances
  • Some levels of cover won't let you change benefit period later on
  • Strong claims performance compared to the industry
  • Each type of cover includes wide range of build in benefits

Based on TAL Accelerated Income Protection. Information last checked on April 2019. Always consult the Product Disclosure Statement (PDS).

This cover might be suitable if:

  • You are after an insurer that has performed better than the industry in terms of income protection insurance claims.
  • You are after a flexible choice of cover with the help of an adviser (or directly)
  • You want the option to link your superannuation to a policy

Don't get this cover if:

  • You don't want to use an adviser

Based on TAL Accelerated Income Protection. Information last checked on April 2019. Always consult the Product Disclosure Statement (PDS).

Note: The following is based on the insurer TAL Services Limited.

Claims dataTAL (Adviser channel)Industry Average
Claims Accepted94.4%94.2%
Average claim time1.21.6
Claim disputes (per 100,000 lives insured)119.9129.9

We looked at APRA data for claims over 2017-2018. The statistics above reflect 'income protection' claims.

Features and benefits of TAL Income Protection Cover

As mentioned, there are two main ways to get TAL Income Protection Insurance. A different policy (and features) is offered with each channel:

  1. Directly with TAL. You are offered what's known as TAL Lifetime Protection Income Protection.
  2. Through an adviser. You are offered what's known as TAL Accelerated Income Protection.

TAL Lifetime Protection Income Protection (Directly with TAL)

Pays out a monthly benefit of up to 75% of your income, up to $12,000. You can choose a waiting period of 2 weeks, 4 weeks, 13 weeks or 2 years and can choose a maximum benefit period of 1, 2 or 5 years.

TAL Lifetime Protection Income Protection

What are the benefits offered by TAL Accelerated Income Protection? (Adviser)

These benefits are explained in detail under the table.

BenefitsSuperStandardPremier
Total Disability Benefit
  • Yes
  • Yes
  • Yes
Partial Disability Benefit
  • Yes
  • Yes
  • Yes
Inflation Protection Benefit
  • Yes
  • Yes
  • Yes
Death Benefit
  • Yes
  • Yes
  • Yes
Concurrent Disability Benefit
  • Yes
  • Yes
  • Yes
Recurrent Disability Benefit
  • Yes
  • Yes
  • Yes
Waiver of Premium Benefit
  • Yes
  • Yes
  • Yes
Elective Surgery Benefit
  • Yes
  • Yes
  • Yes
Bed Confinement Benefit
  • Yes
  • Yes
  • Yes
Family Support Benefit
  • No
  • Yes
  • Yes
Housekeeper Benefit
  • No
  • Yes
  • Yes
Scheduled Injury Benefit
  • No
  • Yes
  • Yes
Blood Borne Diseases Benefit
  • Yes
  • Yes
  • Yes
Superannuation Pause Benefit
  • Yes
  • No
  • No
Child Care Benefit
  • No
  • No
  • Yes
Child’s Critical Illness Benefit
  • No
  • No
  • Yes
Rehabilitation Benefit
  • No
  • No
  • Yes
Rehabilitation Expense Reimbursement Benefit
  • No
  • No
  • Yes
Overseas Assistance Benefit
  • No
  • No
  • Yes
Long Distance Accommodation and Transport Benefit
  • No
  • No
  • Yes
Job Security Benefit
  • No
  • No
  • Yes
Involuntary Unemployment Benefit
  • No
  • No
  • Yes
Return to Work Benefit
  • No
  • No
  • Yes
Premium Pause Benefit
  • No
  • No
  • Yes
Cover Continuation Benefit
  • No
  • No
  • Yes
Guaranteed Future Insurability Benefit
  • No
  • No
  • Yes
Change of Waiting Period Benefit
  • No
  • No
  • Yes

Conditions apply, make sure you read the product disclosure statement (PDS) before applying. Information last checked as correct in June 2019 and is subject to change at anytime.

TAL Income Protection Plan Benefits – Standard

TAL Income Protection Standard Insurance policy includes the following built in benefits. These benefits are also offered on the Premiere plan.

  • Death benefit: If the insured person was to die a lump sum payment equal to the benefit amount multiplied by six up to a maximum of $50,000 will be paid.
  • Total Disability Benefit: On a successful claim, an amount equal to 75% of the insured's average monthly income will be paid each month, in arrears, from the finish of the chosen waiting period onwards.
  • Partial Disability Benefit: If the insured person can only work in a reduced fashion as a result of an injury or illness, the benefit will take into account the insured’s earnings prior to the disability and any earning during the month prior to the claim being made.

TAL Income Protection Plan – Premier

TAL Income Protection Premier Insurance has additional built-in benefits that are not available through Standard plan. These include:

  • Child Care Benefit: You will receive a child care benefit of up to $500 per month to cover the outside care of your children under 12 years of age.
  • Child’s Critical Illness Benefit: A lump sum amount of three times the benefit to a maximum of $25,000 will paid if your child suffers from a specific medical event as listed on your policy.
  • Rehabilitation Benefit: 50% of your rehabilitation expenses will be covered by TAL.

TAL Income Protection Plan – Super

When taking out TAL Income Protection with an adviser you can also you to structure your payments through super. If you choose this method, you'll be offered the Income Plan - Super.

As shown in the table above, the Super plan is similar to the Standard plan, but without a family support, housekeeper and scheduled injury benefit.

One of the key features is the Superannuation Pause Benefit. This allows the policyholder to suspend cover and premium payments if they end up out of work for reasons other than sickness and injury.

You also have the option of Superlinking your cover. This let's you take out additional cover outside of super (e.g. the Premier or Standard plan) so you can take advantage more extensive features but also have a superannuation structure.


With TAL income protection insurance, you have the peace of mind knowing that no matter happens to you, your family will be taken care of financially. You have the flexibility to tailor your income protection plan to match your individual needs to ensure sufficient protection is in place, without taking a big chuck out of your budget.

Receive a quote for TAL Income Protection from an adviser

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