Virgin Income Protection

A setback doesn't have to be a step back

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Financial support when you need it most. If you're unable to work due to sickness, injury or involuntary redundancy, we'll be there for you.

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Why get cover
Benefits of Virgin Income Protection

We all work hard and over time our financial commitments and responsibilities get bigger, so we need to protect them and ourselves. Whatever your working situation or occupation, we have an income protection cover option for you.

Why choose Virgin Income Protection insurance

  • Choice of Sickness and Injury cover options:
    • Quick & Easy
      Aussie residents aged 18-60 can apply for cover. If you’re in stable employment and Working more than 20 hours per week, you can cover up to 85% of your income, up to a maximum of $7,500 per month. Even if you’re not Working, you can receive up to $3,000 per month.
    • Tailored
      Tell us about your health and lifestyle and you could reduce your premiums. If you’re in stable employment and working, you can cover up to 85% of your income, up to a maximum of $10,000 per month.
    • Cover for involuntary redundancy
      Involuntary Unemployment Cover may also be available, to help while you’re looking for work if you’ve been made involuntarily redundant for up to $3,000 per month for 3 months.
     
  • Cover for more people
    • Whatever your working situation – full time, part-time, self-employed. We even have an option for stay at home parents with Quick & Easy.
    • Wide occupation list - over 1,000 jobs covered
  • Bonus Benefits
    Benefits for some common injuries, such as broken bones, and illnesses such as a heart attack accrue faster, starting from day one of your Sickness or Injury provided it qualifies for Bonus Cover (a 28 day waiting period applies before benefits are payable). This will help ease the financial burden so you can focus on full recovery. See the Product Disclosure Statement (PDS) for details.
  • Flexible
    • Choice of Waiting Period from as little as 14 days and Benefit Period up to 60 months
    • Decrease or apply to increase your level of cover at any time to accommodate any changes to your working situation - whether you get that pay rise you’ve been waiting for or go part-time
  • Great optional extras
  • Affordable cover
    • Lower levels of cover start from as little as a $1 a day^
    • Premiums are generally tax deductible and benefits received tax assessable
    • Cover your partner as well and receive a 5% discount on income protection premiums
  • Applying is easy
    • No lengthy forms, no medicals, no fuss
    • Get cover in a few minutes over the phone
  • 30 day money back guarantee
    • So you can be sure of your decision.
Income Protection Cover Options for Aussies

With Virgin Income Protection, we provide flexible options so you can select the Sickness and Injury cover right for you. Compare our cover options below:

  Quick and Easy Tailored
What is it? Get cover on-the-spot*. No lengthy health or lifestyle questions asked. Tell us about your health and lifestyle and you could reduce your premiums
Who is it for?
  • Aussie residents aged 18-60,
  • For stay at home parents or people who are in stable employment,
  • Those who prefer not to answer lengthy health and lifestyle questions
  • Those who want the convenience of a fast application
  • Aussie residents aged 18-60,
  • For people in stable employment who are happy to answer some health and lifestyle questions to potentially reduce their premiums
  • Those who want to know if they can get cover for pre-existing medical conditions
What is the maximum cover amount? If you’re Working more than 20 hours per week:
  • Up to 85% of your pre-tax monthly income, up to a maximum of $7,500 per month
If you’re not Working
  • Up to $3,000 per month
Exclusions (including Pre-Exiting Medical Conditions) and cover limits apply see the PDS for more details.
If you’re Working more than 20 hours per week:
  • Up to 85% of your pre-tax monthly income, up to a maximum of $10,000 per month
How long is my Waiting Period? There is a 28 day Waiting Period Choice of 14, 28, 60, or 90 day Waiting Period
How long will my benefit be paid for? Choice of 6, 12 or 24 month Benefit Period Choice of 6, 12, 24 months or 5 year Benefit Period
What am I covered for?

Sickness and Injury. You can also get optional Involuntary Unemployment Cover if you are self-employed or working on a permanent basis for a minimum of 30 hours per week, up to $3,000 per month for up to 3 months.

Conditions apply. For more information about this option click here.

What isn't covered?

In addition to the exclusions under the adjacent Tailored option, no Sickness and Injury Cover Benefit will be payable for:

  • A Pre-Existing Medical Condition that the Life Insured had at any time in the 5 years prior to policy commencement, reinstatement or any increases applied for;
  • A Dangerous Occupation or Pastime
  • Football related injuries resulting in less than 90 days Out of Action; and/or
  • Back injuries resulting in less than 90 days Out of Action;
  • The Life Insured willingly and knowingly exposing him or herself to risk of Sickness or Injury for any reason.
If the Life Insured was not able to, or partially able to, perform his or her regular daily activities before cover commenced, then a benefit may not be payable under this policy at any time.
No Sickness and Injury or Permanent Disability Cover Benefit will be payable for:
  • An intentional, self-inflicted act by the Life Insured;
  • Any mental health disorder, including anxiety, depression, stress, adjustment disorders, eating disorders, emotional or behavioural disorders, disorders related to fatigue including chronic fatigue syndrome, myalgia, drug or alcohol abuse, psychosomatic disorders, or any treatment complications;
  • Cancer, stroke or heart attack, at any time in the first 6 months after the cover commencement date;
  • The taking of intoxicating liquor;
  • The taking of drugs (other than those prescribed for the Life Insured by a Medical Practitioner and taken in the correct dosage);
  • Normal and uncomplicated pregnancy;
  • Terrorism, civil commotion or unrest, guerrilla or insurgent activities in a country outside Australia, if the Australian
  • Government had advised against travel to that country;
  • War or Act of War;
  • The Life Insured committing or attempting to commit a criminal offence;
  • Any other specific exclusion stated in your Policy Schedule.
No Benefit is payable under this Policy in respect of a Life Insured who is in jail or otherwise lawfully detained.
What additional cover options are available? Permanent Disability Cover
This option pays out a lump sum if you are permanently disabled and unable to perform the regular daily activities necessary for you to maintain physical independence. Conditions apply. For more information about this option click here.

Holiday Injury Cover
Doubles the payout of the first month’s benefit (up to a maximum of $3,000), if the accidental event leading to your claim happens during state school and public holidays or while you’re 200km or more from home. Conditions apply. For more information about this option click here.

Kids Injury Cover
Provides a cash payout to help with costs associated with the treatment and recovery of common childhood injuries, or the time an adult may be off work to be with their child. Conditions apply. For more information about this option click here.


Further exclusions and conditions may apply and will be detailed in your Policy Document.

Read the PDS
Sure, it’s a few minutes of your life, but it’s worth it—just so you know exactly what you’re covered for. Download the PDS here.
Any questions on our cover options? We’re here to help. Just call our friendly customer care team on 1300 814 990.

Applying is easy

Getting cover is quick and simple with Virgin Income Protection.

  • Apply over the phone on 1300 814 990
  • Get a income protection quote
  • Aussie residents aged 18 to 60 can apply
  • No medicals or blood tests when you apply, no lengthy forms to fill out
  • 30 day Money Back Guarantee. We want you to be 100% happy with your choice. If you’re unhappy, you can cancel within the first 30 days for a full refund of any premiums paid.

 

Get a quote

Cover limits, exclusions and conditions apply. Premiums vary depending on personal circumstances and generally increase with age and cover. Please read the Product Disclosure Statement for further information.

 


Virgin Income Protection is available to Australian residents between 18-60 years of age. Applications subject to acceptance.

 

+Up to $10,000 per month, up to 85% of pre-tax income available with our Tailored Cover option.
^$1 per day could provide $3,000 sickness & injury cover per month, for a 35 year old white collar non-smoker male with a 6 month Benefit Period & 28-day Waiting Period, under Tailored option.
*On the spot cover for eligible Australian residents aged 18-65 with our Quick & Easy option. Exclusions apply including pre-existing medical conditions, suicide, and dangerous activities. See the Product Disclosure Statement for more information.

 


This information is of a general nature only and does not take into account your personal financial situation, needs or objectives. For this reason, you should consider the appropriateness of this information, having regard to your personal financial situation, needs and objectives as well as the Product Disclosure Statement and Financial Services Guide before deciding whether to buy this product. View Privacy & Security information.


Virgin Life Insurance and Virgin Income Protection promoted by Virgin Money (Australia) Pty Limited ABN 75 103 478 897, authorised representative No 280884 of Virgin Money Financial Services Pty Ltd ABN 51 113 285 395 AFSL 286869, and distributed by TAL Direct Pty Limited ABN 39 084 666 017 AFSL 243260. St Andrew's Insurance (Australia) Pty Ltd ABN 89 075 044 656 AFSL 239649 issues the Involuntary Unemployment Cover. All other benefits insured by TAL Life Limited ABN 70 050 109 450 AFSL 237848. For information about Virgin Money, TAL & St Andrew's please see the Product Disclosure Statement and Financial Services Guide.