Income ProtectInsurance

Help with living expenses and keep you afloat while you’re sick or injured.


If you can’t make it to work because of sickness or injury, you may struggle to pay the bills or mortgage repayments.

Income Protect Insurance~ from our Recover Cover range of recovery and life insurance products can help with living expenses and keep you afloat while you’re sick or injured.

Get a quote Call 1800 560 855



Who can apply for Income Protect Insurance?
To be eligible you must be:

  • a permanent Australian resident aged 18-60, with the policy expiring at 65
  • earning at least $2,000 pre-tax per month
  • working at least 21 hours per week
  • employed by the same employer or been in the same occupation for at least 12 months
  • working in an eligible occupation.

What does it pay for?
Up to 70% of your average monthly income* (up to $7,500 per month), for up to 12 months if you’re unable to work due to illness or injury^ for more than 30 days.  

What makes Income Protect Insurance uncommon? 
Our Income Protect Insurance is:

  • affordable: cover starts from $2.65 per week+, so it's made to fit all budgets
  • fast: most claims are paid in less than 5 days (once we get all the information we need) 
  • easy: no complex medical checks when you take out cover
  • flexible: cash payments# give you flexibility to recover your way.

Get a quote Call 1800 560 855


Our Income Protect Insurance~ was awarded the 2022 Mozo Experts Choice Award for Exceptional Value Income Protection as well as the 2022 WeMoney Award for Best Income Protection Insurance. Cover that can help you with the unexpected costs that come with recovery - that's uncommon.


Am I covered if I'm made redundant?
No, redundancy isn't covered under Income Protect.

I have 2 jobs and work more than 21 hours on each. Will I be covered for both jobs if I become sick and unable to work?
You can only be covered for 1 job. You'll have to decide which job you'd like to be covered for.

Can I apply if I'm self-employed?
Yes, provided you've been self-employed for at least 12 months.

How do premiums work for Income Protect Insurance?
Your Income Protect Insurance premium changes each year on your policy anniversary date. It will generally increase over time, with increases typically getting larger as you get older.

Your premium is based on factors like:

  • Age
  • Gender
  • Smoking status
  • Occupation
  • Weight to height ratio
  • Insured benefit amount
  • Inflation

From time to time, we may also change the Income Protect Insurance premium for all policyholders to allow us to cover rising claims costs and better support our members’ needs. You’ll be notified at least 30 days in advance if your premium will change.

For more information, please call us on 13 13 34.

If my income changes, will this affect my eligible benefit amount?
Possibly, particularly if your income has reduced since you purchased your policy and is different from what is noted on your policy schedule.
It is a good idea to review your level of cover regularly as your income changes to ensure it continues to suit your needs. You can call us on 13 13 34 if you would like to make any changes to your cover or for any other information.

Have another question? Head over to our recovery and life insurance FAQs to find answers on topics like eligibility, quotes and waiting periods.

Read more FAQs



Receive a lump sum that can help financially support your loved ones if you pass away or are diagnosed with a terminal illness**. Cover up to $1.5m^^. For those aged 18 to 65.


Make the most of a cash payment to help cover costs like parking, taxis to doctors and babysitters when you’re recovering from an illness or injury. For those aged 16–60.


Deal with the unpredictable financial impact of serious illness with a fast cash payment so you can concentrate on your health and recovery instead of bills. For those aged 18–54.



~ Terms and conditions apply. Please read the relevant Product Disclosure Statement, Policy Document and Financial Services Guide available by calling 1800 560 855 or visiting, and consider your financial situation, objectives, and needs before deciding on these products as any advice provided does not take these into account. In addition to these documents, you should also read the Target Market Determination (TMD) for the product, which is available at Our Recover Cover products are issued by our own HCF Life Insurance Company Pty Ltd. ABN 37 001 831 250, AFSL 236 806 (HCF Life). HCF Life is a wholly owned subsidiary of The Hospitals Contribution Fund of Australia Limited ABN 68 000 026 746, AFSL 241 414 (HCF). The premiums for Recover Cover products are paid to HCF Life. HCF receives commission from HCF Life for their sale of up to 40% of the first year’s premium plus an additional commission of 80% of HCF Life’s underwriting profit each year calculated as premiums less claims and expenses. HCF’s staff may receive an incentive depending on the annual premium of these products which they sell. This will not exceed 15% of the first year’s premium.

Payment is subject to offsets including any amounts payable from your employer or superannuation fund.

^ Subject to exclusions and limitations - please refer to the PDS and the Policy Document for further information.

+ For a male aged 29-34 who is a non-smoker accountant with a normal BMI on a $1,500 monthly benefit.

# Get your cash payment when your claim is approved.

** Less than 24 months life expectancy. Subject to terms and conditions, exclusions, limitations and definitions. Please refer to the PDS and Policy Document for further information.

^^ This is the maximum benefit amount depending on your age and level of cover. Premiums will vary depending on age, gender, smoking status, level of cover, any applicable inflation increases and discounts and your health and lifestyle assessment.

HCF Life is bound by the Life Insurance Code of Practice which sets out the Australian life insurance industry’s key commitments and obligations to customers. Further information is available at CALI Life Insurance Code of Practice.