Injury insurance

If you are injured and out of work, the cost of living won't wait.

Accidents are an unfortunate fact of life. According to statistics from the Australian Institute of Health and Welfare, nearly half a million people (461,307) were hospitalised in Australia as a result of an injury in 2013–14.

But while there’s no way of predicting accidents or preventing them from occurring altogether, there is one simple thing you can do to protect yourself against the financial impact of accidental injury: take out injury insurance. With the right type and level of cover in place, you’ll receive the support you need to make ends meet until you get back on your feet.

What is injury insurance?

Injury insurance is any type of insurance policy that pays a benefit when you suffer a range of common accidental injuries. However, the cover provided varies depending on the policy you choose, with some offering a one-off lump sum payment and others offering an ongoing monthly benefit while you are off work.

This form of cover can help you replace lost income while you’re unable to work, pay medical and rehabilitation costs, and generally continue to provide for yourself and your family while you recover.

Compare injury insurance policies Learn more about injury cover

What types of injury insurance are available?

There are three types of injury insurance available in Australia:

  • Income protection insurance. Income protection insurance provides an ongoing benefit when you suffer an injury or illness and are unable to work for an extended period. The benefit usually replaces 75% of your regular income, allowing you to continue to provide for your family and removing most money worries so you can concentrate on your recovery.
  • Total and permanent disability (TPD) insurance. If you suffer a serious illness or injury that leaves you totally and permanently disabled and unlikely to work ever again, TPD insurance provides a lump sum benefit. An entire 15% of all injury-related claims TAL paid out in 2017 was for TPD insurance, showing just how serious an injury can be. You can use your benefit however you like, such as to repay the mortgage, manage your medical expenses, make home modifications and help your family cope with the loss of your income.
  • Standalone injury insurance. Also known as accidental injury insurance, this type of cover pays a lump sum benefit when you suffer an accidental injury. The more serious the injury you suffer, the greater the benefit you may be entitled to. You then have the freedom to use the benefit however you like, allowing you to pay the mortgage, pay other bills and replace lost income until you have recovered.

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Compare cover from these direct brands

Name Product Short Description Maximum Monthly Benefit Maximum % of Income Covered Maximum Benefit Period Waiting Period
Cover up to 85% of your Income (up to $10,000 per month) if you can’t work due to sickness or injury. Cover for 1,000 job types - full-time, part-time and self-employed.

5 years
14, 28, 60, or 90 days
Get cover up to 75% (to a maximum of $10,000) of your monthly income.
24 months
30 days
Join Qantas Income Protection and earn up to 100,000 Qantas points. T&CS apply including minimum premium and policy hold periods apply to earn points.
5 years
2, 4, 13 weeks or 2 years
Receive one month's premiums free if you pay annually. T’s and C’s apply.

24 months
14 or 28 days
Get income protection cover (up to 75% of your income) without a medical test. Plus, Medibank health insurance members can save 10% off premiums.
5 years
30 or 90 days
Take out a policy and get a $100 bonus gift after holding cover for 2 months. T's and C's apply. Offer ends 31 March 2020.
5 years
14, 28, 60 or 90 days
Get your first month free with Zurich Ezicover Income Protection. Cover up to $75% (to maximum of $12,000) of your monthly income.
5 years
30, 60 or 90 days
Receive up to 75% of your income (up to $10,000 per month) if you're unable to work due to serious illness or injury.
5 years
30 or 90 days

Compare up to 4 providers

Short Description Maximum cover Maximum Entry Age Cooling-off
Real TPD Insurance Real TPD Insurance Optional TPD cover available with Real Family Life Insurance. Get up to $1 million in cover against total and permanent disablements. $1,000,000 64 30 Get quoteMore info

The panel of insurers that works with is currently unable to provide standalone injury cover.

What features are typically included in an injury insurance policy?

The table below outlines the features of each injury insurance policy option:

1. Standalone injury insurance2. Income protection insurance3. TPD insurance
Benefit typePays a lump sum benefitPays an ongoing monthly benefitPays a lump sum benefit
What's coveredCovers accidental injuries onlyCovers injury and illness (involuntary redundancy cover often available as an extra-cost option)Covers total and permanent disability caused by injury or illness
When benefit is paidWhen you suffer a listed accidental injuryWhen you suffer a serious injury or illness and are unable to work for longer than the policy’s waiting periodWhen you become totally and permanently disabled due to injury or illness (must satisfy the insurer’s definition of TPD)
How benefit can be usedHowever you would likeHowever you would likeHowever you would like

What types of injury are covered by a standalone injury insurance policy?

The injuries covered by a standalone injury insurance policy vary between insurers, but most policies will usually cover:

  • Fractures
  • Dislocations
  • Severe burns
  • Loss of limbs
  • Loss of sight

The benefit amount payable usually varies depending on the severity of the injury. For example, the benefit for a fractured hip will generally be much higher than the benefit for a fractured collar bone, while the loss of limbs or sight will result in an even larger payment. Many policies also pay an accidental death benefit if you pass away as a result of your injury.

Example policy

Injury typeStandard payoutPayout on a premium policy
Fracture$5,000–$8,000 (depending on where)$10,000–$15,000 (depending on where)
Severe burns$10,000$30,000
Loss of sight or a limb$40,000$100,000

For a full list of the injuries covered and to what extent, read the PDS of any standalone injury insurance policy you are considering purchasing.

What are some exclusions?

Some exclusions you may find on personal injury policies include:

  • Self-inflicted injuries or ones that occur from attempted suicide
  • Dental injuries
  • Illnesses if on a standalone personal injury policy

What types of injuries occur in the workplace?

The most common type of workplace injury is trauma to the body, e.g. from lifting something too heavy.

TypeInjury or disease?MaleFemaleTotal
Traumatic joint, ligament, muscle or tendon injuriesInjury29,91518,01047,925
Wounds, lacerations, amputations and internal organ damageInjury11,7554,14015,895
Intracranial injuriesInjury295225515
Injury to nerves and spinal cordInjury12560185

Source: Safework Australia

Learn more about workplace injuries

What types of sporting injuries occur in Australia?

Another facet of life where injuries are commonly found is when playing sports. The sport with the highest rate of injury in Australia is Australian Rules Football.

Source: Australian Institute of Health and Welfare 2014

Learn more about sports cover Get quotes for injury insurance

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