Income Protection Insurance
What is income protection?
Everyone has a different reason for taking out income protection. Income protection can cover up to 70% of your monthly income for a defined period of time if you suffer a loss of income due to sickness or injury, which may help you focus on getting back on your feet.
What is Income Protection?
Key features and benefits
Maximum benefit amount
Your TAL policy can cover up to 70% of your monthly income. You can get a quote online for cover up to $20,000 per month. For cover up to a maximum benefit of $30,000 per month, call TAL on 1300 345 620.
Waiting period
This is the time between being unable to earn an income before receiving benefits. TAL policies offer waiting periods of 4, 8 or 13 weeks.
Benefit period
This is how long you'll receive payments for whilst you're unable to earn an income and could be 1, 2, 5 years or up to age 65 depending on policy type. Payments only commence after the applicable waiting period.
Premiums could be tax deductible
Since your premiums are directly related to your work, they could be tax deductible. Check with your accountant or the ATO to ensure you're eligible.
All of the above features may have restrictions or conditions. You should read the PDS on TAL's website to understand how it may apply to you.
To find out more, visit the TAL website. The information you provide on the TAL website will be subject to TAL’s Privacy Statement and Privacy Policy, available on their website.
Why TAL Income Protection Insurance?
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Insurance features & benefits
TAL Accelerated Protection has a range of features and benefits you can choose from.
Built by you, for you
Tailor your cover to suit your individual needs, an insurance plan designed by the person who knows your life best: you.
24/7 grief counselling
24/7 access to dedicated grief support.
$4.2 billion in claims paid in FY 2023/2024*
TAL's claims and health team help with more than just payments: get support from them throughout your recovery.
Getting a quote is simple
1. Explore cover options
Get started with an online income protection quote with our partner TAL. To find out more, visit the TAL website. The information you provide on the TAL website will be subject to TAL’s Privacy Statement and Privacy Policy, available on their website.
2. Get a quote in minutes
Enter your personal details: age, date of birth, gender, occupation, income and smoking status. Then, submit your request to the insurer.
3. Apply and secure your cover
Depending on the information provided in the quote, you'll either continue the application via a call back from a TAL consultant or proceed online.
Frequently asked questions
Income Protection can cover up to 70% of your monthly income for a defined period of time if you suffer a loss of income due to sickness or injury. To find out more, watch our Income Protection video.
What other insurance can I include in my Life Insurance plan?
TAL Accelerated Protection has a range of insurances you can include to build cover that’s just right for you.
Life insurance help and guides
Things you should know
*Claims statistics based on total claims paid under TAL Life Limited and TAL Life Insurance Services Limited insurance products between 1 April 2023 and 31 March 2024.
Any financial product advice provided on this website is of a general nature only and does not take into account your personal circumstances. Westpac refers customers to TAL Life Limited ABN 70 050 109 450 AFSL 237848 (TAL Life), the issuer of life insurance policies. TAL Life is part of the TAL Dai-ichi Life Australia Pty Ltd ABN 97 150 070 483 group of companies (TAL). If you purchase a life insurance policy as a result of a referral from us, Westpac will receive a commission of 10% of your premiums (exclusive of GST) for the period you continue to hold a policy.
Before purchasing life insurance, you should read the Product Disclosure Statement (PDS) and the Target Market Determination (TMD) to help you decide if life insurance is appropriate to your objectives, circumstances and needs. You can obtain the PDS and TMD from TAL’s website or by calling TAL on 1300 345 620.
By accessing TAL’s website, you will enter a third-party site not owned by Westpac. Any personal information you provide to TAL's website will be collected, used, and disclosed in accordance with TAL's Privacy Statement and Privacy Policy, also available on their website.
If you would like help deciding whether life insurance is right for you, we recommend speaking to a financial adviser.