Income Protection

ESI Super's Income Protection insurance pays you an income for up to two years (and then for additional years to age 65 if you choose) in the event that you're unable to work due to long term injury or illness.

The maximum you will be covered for is the lesser of:

• 85% of your salary, plus 10% super contribution, or
• A maximum of $30,000 per month.

Income Protection payments are taxed and offset by any other related benefit you may receive e.g. WorkCover. A waiting period of 30, 60 or 90 days applies before you are eligible to receive payments.

To find out how much it costs to get your income covered go to our Income Protection calculator.

Features of this cover

• Automatic cover - if you join through an ESI Super employer and your employer nominates a set number of units for you.
• Extending the benefit payment period to age 65 - you can elect to extend your Income Protection payments to age 65. This cover is in addition to the standard 2 year payment period. To find out how much it costs to extend your benefit payment to age 65 go to our Extended Income Protection calculator.
• Waiting period - you have the option to select a 30, 60 or 90 day waiting period before Income Protection payments commence.  If you join through an ESI Super employer your employer may have nominated a default waiting period.

More detailed information about ESI Super's Income Protection insurance can be found in the ESI Super Member Guide or the Income Protection Fact sheet.