Yes, your account automatically includes income protection insurance until you turn 75 years old or leave the account. If you’re temporarily unable to work due to illness or injury, income protection may provide regular benefit payments of up to 75% of your salary for up to 2 years.
Before your income protection benefits can start, you'll need to use all your paid sick leave, and then take 14 days of unpaid sick leave in a row. You can’t take any paid leave (like annual or long service leave) during this period, but you may be able to apply to Centrelink for income support benefits.
During your first 5 years of cover, we can't pay income protection benefits for a pre-existing condition (see the Defined Benefit Account Guide (pdf)).
There are some cases where we may have to reduce or stop your income protection benefit, so you'll need to let us know as soon as possible if you:
- Return to work or start a graduated return to work program
- Earn extra income
- Get a new job or start running a business
- Have a WorkCover claim approved for the condition or illness.
For police officers, magistrates, and members of parliament
Police officers usually aren’t able to receive income protection because you can access the Sick Leave Bank instead. However, you may be able to access income protection if you’re a commissioned police officer with a contract to stay in the service over the age of 60, and you've been contributing between 2% and 5% of your salary while working full-time. If this is the case, please contact us.
Magistrates and members of parliament usually aren't able to receive income protection because they cannot exhaust their sick leave entitlement, so they would be highly unlikely to become eligible.