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70%
Maximum % of income Covered
$30,000
Maximum Monthly Benefit
59
Maximum Entry Age
Age 65
Maximum Benefit Period
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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.
TAL income protection offers you accident, illness and sports cover - up to 70% of your monthly income (maximum limits apply) with no medical tests required.
Note: This summary is based on TAL's retail policy (sold through an adviser).
Maximum benefit amount | Cover up to 70% of your income or up to $30,000 per month |
---|---|
Age of entry | 18-59 |
Types of cover available |
|
How do I apply? | Over the phone with an adviser |
Based on TAL Accelerated Income Protection. Information last checked on November 2021. Always consult the Product Disclosure Statement (PDS).
Note: The following is based on the insurer TAL Services Limited.
Claims data | TAL (Adviser channel) | Industry Average |
---|---|---|
Claims Accepted | 94% | |
Average claim time | 1.3 months | 1.5 months |
We looked at APRA data for claims covering 1 January 2020 to 31 December 2020. The statistics above reflect 'income protection' claims from policies bought through a financial adviser.
TAL released the following products - correct as of October 2021 - under its TAL Accelerated Income Protection plans. Each are geared to meet the needs of retail customers:
With TAL Income Protection Insurance, there are a range of features and benefits such as:
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).
With TAL, you can also apply for the 2 policy add-ons. These are as follows:
Expect to pay a bit more by adding more covers on to your policy.