Choosing a waiting period
With most policies, you can choose a waiting period of 30, 60 or 90 days. This is the time you'll need to wait from the moment you fall ill or incur an injury to the point when you start to receive salary insurance benefits. During the interim period, you'll need to rely on your own savings and any sick leave pay to cover your daily expenses.
📌 Keep in mind: It can take longer than your chosen waiting period to settle your claim. In this case, your benefit will be paid in arrears from the end date of your waiting period.
Hi,
I have been out of work since January 2017 due to mental illness i.e. depression. I have been on centrelink benefits since Feb 2017. I just found out that my AMP super policy has the monthly temporary salary continuance cover with benefit period of 2 years. Can I still put forward a claim now for the past 16 months? I have been unemployed due to my illness condition.
Hi Karim,
Thank you for your inquiry.
As per AMP, while you generally cannot take your super until retirement, there are some specific circumstances where the law allows you to draw on your super early.
These conditions can be summarised as:
-Compassionate grounds
-Terminal medical condition
-Permanent incapacity
-Severe financial hardship
-Termination of employment where preserved benefits are less than $200.
You need to check that you fit into which condition (i.e. terminal illness or permanent incapacity). You will also need to call them at 131 267. Their operating hours are from Monday to Friday, 8:30 am to 7:00 pm. They will check whether you fulfill all the terms and conditions or not.
I hope this helps.
Cheers,
Jeni
G day, I receive payment from DVA and a part pension from Com super after medically discharging from the Army. I worked after getting out of the army, but have now been off work for about 3 years due to my illness. Can i now claim salary continuance through my Super? (I Didn’t think of it before). Cheers.
Hi Brendan,
Thank you for your question.
finder.com.au is a comparison and information service and we are not permitted to provide our users with personalised financial advice.
For clarification on whether you are eligible to receive a claim, please refer to your product disclosure statement or contact your super fund.
Cheers,
Zubair
I suffered a shoulder injury that had me off work for a month. I was eventually cleared to come back to work by my GP who simply asked will you be able to do your job ?
Five months later my shoulder is not recovering fully and I have been advised I will need corrective surgery and unable to work for 6 months.
will I be covered by salary continuance ?
I will be unable to dress myself or use that arm for at least 5/6 months or longer
Hi Grant,
Thank you for your question.
finder.com.au is a comparison and information service and we are not permitted to provide our users with personalised financial advice or product recommendations.
For clarification on whether you are eligible to receive a claim, please refer to your product disclosure statement or contact your insurer.
All the best,
Zubair
I have two superannuation so can I claim salary continuance from both policies?
Hi Mark,
Thanks for your question. Most insurers will reduce your claim if you have payment from another source e.g. a second insurer. You might find this page helpful: https://www.finder.com.au/multiple-income-protection
I hope this helps,
Maurice