*iSelect’s partnered with Lifebroker to help you compare a range of Income protection Insurance policies. Not all policies are available at all times or in all areas. Any advice provided on this website is general in nature and does not consider your situation or needs. Please consider if any advice is appropriate for you before acting on it. Learn more.

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What is Income Protection Insurance?

An income protection policy can pay up to 70% of your pre-tax income for a set time period if you’re unable to work due to a partial or total disability (depending on your policy). This could allow you to stay on top of your bills and expenses as you recover*.

Why income protection is important?

Income protection can be important for people who are the sole income earners, regardless of whether you have any dependents. If you do have people relying on your income, it reduces the financial stress that arises for them and yourself if you become ill or injured and are unable to work.

Having this financial protection in place can ensure you and your loved ones can maintain the lifestyle you have worked hard to achieve, even if you are unable to work.

Easily compare with iSelect & Lifebroker

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Tell our trusted partner, Lifebroker, a little about yourself and the level of cover you’re looking for.

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In just a few clicks, you’ll compare a range of life insurance policies. You can review how they differ, what they cost and which ones may work best for you.

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Choose your insurance policy, then follow the prompts to start your application. Don’t worry, should you have any questions, Lifebroker’s qualified consultants are here to help.

Get the facts on Income Protection Insurance

Income Protection Insurance Basics

Learn about the basics of Income Protection including information on waiting periods, benefit periods and contracts.

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The benefits of Income Protection Insurance

If you were unable to work due to illness or injury, income protection can help you manage your expenses until you’re back on your feet.

Read more

Comparing Income Protection Insurance

Anyone who is earning an income can apply for income protection insurance. Choosing the right product can be quite complex. We’ve partnered with Lifebroker to make choosing income protection tailored to your needs and budget easy. The key factors that will determine your cover include your age, occupation, income and health status (including any pre-existing conditions).

Income Protection Insurance FAQs

What is income protection insurance?

What does income protection cover?

What are the waiting periods for income protection insurance?

How much does income protection cost?

What are the benefit periods with income protection?

Does income protection insurance cover redundancy?

Is income protection tax deductible?

Do income protection premiums include GST?

Is there a best income protection policy?

How to compare income protection policies online

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*iSelect’s partnered with Lifebroker (AFS Licence number: 400209) to help you compare a range of income protection Insurance policies. iSelect earns a commission from Lifebroker for each customer referred through the website or contact centre. Lifebroker do not compare all life insurers or policies in the market.

iSelect Life Pty Ltd – ABN 89 124 304 347, AFS Licence Number 331128. Any advice provided by iSelect is of a general nature and does not take into account your objectives, financial situation or needs. You need to consider the appropriateness of any information or general advice iSelect gives you, having regard to your personal situation, before acting on iSelect’s advice or purchasing any policies. You should consider iSelect’s Financial Services Guide which provides information about iSelect services and your rights as a client of iSelect.