Is TAL income protection tax-deductible?

In general, yes. You could get some money back on your annual tax return with TAL income protection. TAL offers standalone cover and its premiums are usually tax-deductible (whereas they generally aren't with policies held within super ). Keep in mind that any benefits paid are generally assessed as income, which means they will be subject to tax.

How do waiting periods work with TAL?

With TAL, there are 4 waiting periods to choose from: 14, 28, 60 and 90 days. By comparison, some providers only offer 2 options. Choosing a longer waiting period can lower the cost of your premium. However, you'll want to ensure you have enough savings to last until your first benefit period is paid. This will be after you've served your waiting period.

What's the maximum monthly payment I can receive?

TAL sets a maximum benefit amount of $30,000 per month. This is on par with other leading brands such as NobleOak and RAC. Like most providers of income protection insurance, you can only receive up to 70% of your income.

How does TAL's inflation protection benefit work?

TAL will automatically increase your benefit amount either by 5% or the level of inflation, whichever is greater. This ensures your cover level keeps up with rises in the cost of living. It means you will pay more for your premium though. If you want to opt out of these increases, you'll need to let TAL know.

Who underwrites TAL life insurance?

TAL is underwritten by TAL Life Limited.

TAL Income Protection Review

TAL Accelerated Protection Income Protection

9.9

Finder Score

Excellent

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Maximum % of income Covered: 70%
Maximum Monthly Benefit: $30,000
Maximum Entry Age: 60
Maximum Benefit Period: Age 65

Summary

TAL is the 2025 Finder Income Protection Award winner. Read on for details about why.

Finder Awards 2025 winner

Pros

TAL won the 2025 Finder Income Protection Awards because it has generous coverage limits, yet remains comparatively affordable.
Can cover you for up to $30,000 monthly - higher than many other providers.
It has a high finder score of 9.9.

Cons

It can cover up to 70% of your monthly income, which is pretty standard among most insurers, but there are others who cover up to 75% and more.

Details

Product details

Maximum Monthly Benefit	$30,000
Maximum % of income covered	Up to 70%
Maximum Benefit Period	Age 65
Expiry Age	65
Maximum Entry Age	60
Waiting Period Options	4, 8, 13 or 26 weeks
Death Cover
Underwriter	TAL Life Limited

Congratulations, TAL!

TAL Accelerated Protection Income Protection has won the Finder Award for Income Protection for the 3rd year running. It's gone above and beyond other providers with great cover yet remains competitively priced.

Winner, Best Life Insurance: Accelerated Protection Income Protection

Full list of 2025 income protection winners

Detailed overview of TAL income protection

What you're covered for

Feature	Definition	TAL's coverage
Maximum monthly benefit	This is the maximum dollar amount that TAL is willing to cover you for.	$30,000
Percentage of income covered	This is the maximum percentage of your income that TAL is willing to cover you for.	70%
Maximum benefit period	This is the maximum length of time that TAL will pay your benefit for.	Age 65
Expiry age	This is the age when your policy will expire.	65
Max entry age	This is the oldest you can be when you take out a policy.	60
Waiting period options	This is how long until your policy begins paying out.	4, 8, 13 or 26 weeks
Death cover	This is a feature option that allows you to be covered for a lump sum in the event of your accidental death.	$10,000

Compare other products from TAL

TAL life insurance

Frequently asked questions

In general, yes. You could get some money back on your annual tax return with TAL income protection. TAL offers standalone cover and its premiums are usually tax-deductible (whereas they generally aren't with policies held within super). Keep in mind that any benefits paid are generally assessed as income, which means they will be subject to tax.
With TAL, there are 4 waiting periods to choose from: 14, 28, 60 and 90 days. By comparison, some providers only offer 2 options. Choosing a longer waiting period can lower the cost of your premium. However, you'll want to ensure you have enough savings to last until your first benefit period is paid. This will be after you've served your waiting period.

Sources

TAL Income Protection PDS (accessed February 2025)

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TAL Income Protection Insurance review