In this guide

  • Review
  • Details
    • Eligibility
  • Frequently asked questions
  • Your reviews
Finder makes money from featured partners, but editorial opinions are our own.
TAL Accelerated Protection Income Protection
Maximum % of income Covered
70%
Maximum Monthly Benefit
$30,000
Maximum Entry Age
59
Maximum Benefit Period
Age 65

Summary

Protect up to 70% of your income if you can't work following illness or injury with TAL Income Protection.

Gold Finder Awards Badge
Finder Awards winner

TAL is a well-known insurer offering income protection cover for Australians who are looking to protect their lifestyle if something stops them from working for a period of time.

Pros

  • A range of different types of cover to suit various circumstances
  • Lower than average claim time when compared to the industry
  • Each type of cover includes range of build-in benefits

Cons

  • Some levels of cover won't let you change benefit period later on
  • TAL's claims acceptance rate was slightly lower than the industry average (94%) - although the brand scored well in 2 other categories

In this guide

  • Review
  • Details
    • Eligibility
  • Frequently asked questions
  • Your reviews

Details

Eligibility

Minimum Entry Age 18
Maximum Entry Age 59
Expiry Age 65
Minimum Hours Eligibility 20
Get quote
More Info

Get a quote for TAL Lifetime Protection Income Protection

Name Product Maximum Monthly Benefit Maximum % of Income Covered Maximum Benefit Period Minimum Entry Age Sum Insured
TAL Accelerated Protection Income Protection
$30,000
Up to 70%
Up to
Age 65
18
$1,305 million
Get up to 70% of your income covered with flexible short and long term benefit periods.
loading

Who this is and isn't for

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
  • You want the option to link your superannuation to a policy

Don't get this cover if:

  • You are not employed or made redundant at the time of application
  • You don't want to use an adviser

Based on TAL Accelerated Income Protection. Information last checked on November 2021. Always consult the Product Disclosure Statement (PDS).

Read a more detailed review on TAL Accelerated Income Protection:

life insurance shield

TAL Income Protection

Key points of TAL Income Protection

With TAL Income Protection Insurance, there are a range of features and benefits such as:

  • Totally unable to work benefit (TPD cover). This brand's top-tier plan pays up to 70% of the first $20,000 per month (up to $240,000 per annum) of your earnings; 50% of the next $20,000 per month ($240,000 per annum) of your earnings; and 20% of any remaining earnings.
  • Partially unable to work benefit. If you can only work in a reduced fashion as a result of an injury or illness, this benefit will take into account your earnings prior to the disability claim being made.
  • Death benefit. This pays $10,000 if you pass away while you're policy's active.
  • Permanent Incapacity Reset benefit. For claims of longer than 2 years, you could be paid out a third of the benefit amount in addition to the Totally unable to work benefit if you're seriously and permanently incapacitated
  • Recurrent disability benefit. If you suffer from the same disability within 12 months of your last benefit payment being made, this is classified as a recurring disability, and TAL will recommence your benefit payments without you having to serve another waiting period.
  • Inflation protection benefit. The tower income protection now known as the TAL income protection standard insurance policy will be automatically adjusted annually to take in any inflationary trends. These adjustments can affect your premium costs therefore you will have an option to delete this benefit if you wish.
  • Premium waiver benefit. If you're receiving benefit payments because of a total or partial disability claim all income protection premiums will be waived during that time.
  • Work assistance benefit. Reimburses the cost - up to 6 times your benefit limit - of an approved rehabilitation program to help you return to work. (Restrictions apply.)
  • Bed confinement benefit. Pays a benefit if you are totally unable to work and can't leave your bed for at least 72 consecutive hours during the waiting period.
  • Premium pause. Suspend your policy premiums for up to a year if you become unemployed or are on long-term leave.
  • Elective surgery benefit. Pays a benefit if you are totally unable to work because of elective surgery. (Restrictions apply).
  • Blood-borne diseases benefit. If you are working as a medical professional and you contract a blood-borne disease such as HIV, Hepatitis B or C, you will be eligible to receive a benefit payment.
  • Overseas assistance benefit. This cover pays for you to return to Australia if you successfully claim while you're overseas. The most you can claim for is 3 times the agreed benefit amount.(Restrictions apply).

Note: For a more comprehensive rundown of this policy's benefits, restrictions and exclusions, it's important that you read and understand TAL's Product Disclosure Statement (PDS).

illness icon

Optional Benefits

Optional cover

With TAL, you can also apply for the 2 policy add-ons. These are as follows:

  • Increasing claim option. This increases the benefit each year by the Indexation Factor, which is worked out using the consumer price index (CPI).
  • Super contribution option. This perk, which isn't available if you're self-employed, makes a contribution to your chosen super fund if the following pays out: Totally Unable to Work Benefit or Partially Unable to Work Benefit.

Expect to pay a bit more by adding more covers on to your policy.

coverage icon

Applying for cover

Key points of applying for cover with TAL

  • To be eligible to apply, you'll need to be aged between 18 and 59 (some occupations have a limit of 55).
  • You will have to be in paid employment at the time of your application.
  • Note that this provider's income protection does not cover redundancy.
  • You need to have the financial capacity to cover the cost of your insurance.
  • You must serve a waiting period of 4, 8, 13 or 26 weeks before you can make a claim on your policy (other restrictions may apply).
  • Plans will last no longer than the policy anniversary before your 65th birthday.

Why you can trust Finder's income protection experts

Free

We're free

You pay the same as buying directly from the insurer. We make money from referral fees when you choose a policy, but you don't pay any extra.
Expert icon

We're experts

Our team of income protection experts have researched and rated dozens of policies as part of our Finder Awards and published 80+ guides.
independent

We're independent

Unlike other comparison sites, we're not owned by an insurer. Our opinions are our own and all guides must meet our editorial standards.
help

We're here to help

Since 2016, we've helped thousands of Australians find income protection by explaining your cover options, simply and clearly.

Frequently asked questions

Your reviews

No reviews yet. Write a review
Go to site