Loss of Income

What does this section cover?

This section covers weekly income foregone by an Insured Person who has suffered a Temporary Total Disablement which entirely prevents them from performing each and every duty of their occupation.

What is the benefit payable?

The cover will be either 85% of the insured’s net weekly income or $250 per week - whichever is the lesser.

The maximum benefit period is 52 weeks. Please note that payments will be made to claimants net of tax.

What is the Elimination period?

This section of the policy is subject to an Elimination Period of 14 days. This means the claimant must lose 14 days income due to injury before a claim is payable.