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Many comprehensive travel insurance policies include a loss of income benefit. Under the benefit, you’ll receive an ongoing weekly benefit if you are injured during your journey and are then unable to return to work when you get home. A regular income while you are unable to earn a living, can provide the financial assistance you need to keep your head above water and focus on recovering.
If you're injured on your travels and can't return to work, then travel insurance can provide you with:
Table updated September 2019
When it comes to loss of income, most policies will exclude cover if you're unable to work due to an illnesses. Some policies will not specifically state an exclusion for illness however it's vital that you check the fine print of your policy to work out when cover will and will not apply.
Loss of income cover for accompanying children on your trip is provided by the following brands:
Both these brands provide up to $1,000 in cover for each child.
To get the same loss of income cover for your partner, you'll have to get a family policy or take out an additional policy for your partner.
For all policies that have no included cover for dependents, you can get a family policy and name your dependent (Spouse/partner/child) as an insured person.
Your travel insurance policy may contact Centrelink and check for any benefits you've received for your inability to work. If you have, then this amount will be deducted from the payment your travel insurer pays you. Both
Travel Insurance Saver and Easy Travel Insurance explicitly state this in their product disclosure statements.
Some providers will exclude disability as a result of illness from loss of income cover. Other common exclusions are:
There are several things you can do to ensure that you receive the best possible care if you’re injured overseas, including:
Compare travel insurance with loss of income cover
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