It's tough when you can't work because of illness or injury. But that's where Income Protection (IP) insurance comes in. It can give you part of your usual pay. Whether you got this insurance yourself or through your job, bank, or super fund, Claimfinder is here to help.
What's Income Protection in Superannuation? IP insurance is like a backup plan for your money. If you can't work because of health problems, it can pay you every month, covering up to 75% of your regular pay. How it works depends on your specific plan.
Can You Claim IP? Here’s what you need:
- You were working: You had a job when you fell ill or injured.
- Wait a little: Most IP plans need you to wait 14 to 30 days before they start paying.
- Show you're sick or hurt: You must prove that your health stops you from working.
- Follow the rules: Make sure your claim fits with what your insurance says.
For example, Jake is a teacher. He got a bad lung problem and couldn’t teach anymore. Because of his IP insurance, he got part of his salary. This helped him with his bills and medical costs.
How Claimfinder Helps IP insurance can be tricky. There are lots of rules and details. But Claimfinder can connect you with people who know all about it. They'll help you get your claim sorted.
Why Claim IP? It's not just about money. It’s also about:
- Covering bills: So you can live without too much worry.
- Keeping things normal: Ensure you can still buy what you and your family need.
- Staying calm: Knowing you've got some money coming in.
- Big payments: Like paying for your home. And remember, sometimes you can claim IP and another type of claim (like TPD) together.
Get Started with Claimfinder. If health problems have stopped you from working, we're here to help. Claimfinder will introduce you to experts who know about IP claims. Want to see if you can get money? Complete our free online claim check or .