What is Income Protection insurance? 
Income Protection can cover up to 80 per cent of your income if you're unable to work because of sickness or injury till you can go back to work or to the age of 65 or 70. There is no actual list of events in which you can claim, it is essentially any health issue that stops you from working, so it provides a very broad protection.
Income protection can be taken inside or outside Super fund. If it is taken outside Super fund, the premium is tax deductible, for high income person, it means almost half of the premium can be claimed back by tax.
Income Protection can cover up to 80 per cent of your income if you're unable to work because of sickness or injury till you can go back to work or to the age of 65 or 70. There is no actual list of events in which you can claim, it is essentially any health issue that stops you from working, so it provides a very broad protection.
Income protection can be taken inside or outside Super fund. If it is taken outside Super fund, the premium is tax deductible, for high income person, it means almost half of the premium can be claimed back by tax.