What you need to know
Injury and illness aren’t fun topics to ponder, but you’ll be grateful you gave them some thought when misfortune strikes. When you’re ill or injured and unable to work, your group income protection benefit provides partial income replacement while you get back on your feet.
Group income protection provides you with 75% of income (basic plus bonus and commission) in the event you are unable to work due to long-term illness or injury. Here’s how it works:
- Cover begins after a deferred period of 13 weeks.
- Payment will commence when a claim has been accepted by the insurer, or upon the expiry of the deferred period, whichever is the later.
- State long-term incapacity benefit (and any benefits from personal illness cover) is automatically deducted to ensure that the total benefits payable do not exceed 75% of your salary.
Additional support services through WeCare are available through this plan, including a bereavement and probate support and second medical opinion.