What is income protection (IP) cover?
IP cover can provide you with a monthly benefit of up to 85% of your pre-disability income if you’re unable to work due to injury or illness.
You may also be able to receive a partial benefit while you’re transitioning back to full employment after a total disability.
In most cases, IP cover is provided automatically to members of Catholic Super who join us as employer-sponsored members. Default IP cover is a fixed amount of $3,000 with a benefit period of up to 2 years and a waiting period of 90 days.
If you’re joining via a Transport Industry employer, you have to apply for IP cover should you wish to have it.
Our IP cover is flexible, so you get to choose your waiting period and your benefit period:
- A benefit period of two years, five years or to age 65.
- A waiting period of either 30, 60 or 90 days.
