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Benefits of our 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:
    • 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.
    • 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.
    • 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

    Get cover in a few minutes online or over the phone.

  • 30 day money back guarantee
    • So you can be sure of your decision.

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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.