Income

Income

Having to take time off work for health reasons may be a reality for you at some time in your life. With income protection insurance, you won’t have to worry – you can receive a monthly payment.

To protect your earning ability, ASB offers three types of cover:

Income Protection
Income Protection insurance looks after your lifestyle by protecting your ability to earn. You could receive monthly payments of up to 75% of your usual income.

Monthly Critical Illness
This type of cover could provide you with a monthly income if you are disabled as a primary result of suffering one of the critical conditions covered by the policy.

Family Protection
Family Protection could provide your family with a monthly income if you die, instead of one lump sum. The money could help your family to maintain their usual lifestyle.

Terms and conditions: The availability of any insurance cover is subject to your application being approved. All applications are subject to individual consideration. Special conditions, maximums, exclusions or premium loadings may apply. For full details, refer to the Policy Document which is available on request from ASB. This insurance is underwritten by Sovereign Assurance Company Limited "Sovereign".

Sovereign Assurance Company Limited, the policy insurer, is part of the Commonwealth Bank of Australia Group and is a related company of ASB Bank Limited and its subsidiaries (the "Banking Group"). Neither the Banking Group, the Commonwealth Bank of Australia, nor any other company in the Commonwealth Bank of Australia Group, nor any other person, guarantees Sovereign or its subsidiaries, or any of the products issued by Sovereign or its subsidiaries.