Medibank Income Protection Insurance
Compare Medibank income protection
Considering Medibank’s income protection insurance? The table below displays a snapshot of Medibank income protection policies on Canstar’s database, sorted by star rating. These results are based on a 30-39-year-old non-smoking male in a medium blue-collar occupation, such as trades.
Click here to compare more policies based on your circumstances.
Compare Income Protection Insurance
What income protection does Medibank offer?
Medibank offers to new applicants their Standard Cover Policy which covers up to $7,500 per month (up to 75% of your pre-tax earnings) for Australian residents aged between 18-59, who are working at least 20 hours per week.
What features does Medibank income protection offer?
Medibank’s Standard Cover policy offers the following features:
- The option of choosing a maximum benefit period of up to 5 years
- A maximum monthly benefit of $7,500, or $3,500 for certain occupations
- Phone-based support and an easy-to-apply online process
- Other features, such as a 10% discount for existing Medibank health members
- Flexible waiting periods – choose between 30 and 90 days
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What does Medibank income protection cost?
The cost of your income protection insurance will vary depending on several different factors such as:
- Your age and gender
- Occupation
- Whether you’re a smoker or a non-smoker
- Benefit period and waiting period
You can customise your policy to suit your specific needs. Get a quote for Medibank income on its website before applying to see what you might need to pay.
In 2018, Canstar’s research team calculated the average monthly income protection premiums for non-smoking male and female workers aged 27 and 52. Click here to see how the premiums differed.
Compare Income Protection Insurance