Income Protection InsuranceProtecting hardworking Australian's when they are unable to earn a living. Help protect your family with NobleOak's award winning Disability Income Insurance.
Some key features of our Disability Income Insurance
Receive monthly payments during your benefit period to replace some of your income if you suffer a Sickness or Injury and can no longer work.
Insure for up to 70% of your regular pre-tax income
Insure up to 70% of your regular pre-tax income (up to $30,000), subject to some limits.
Premiums are generally
Benefits received from NobleOak’s Disability Income Insurance are paid gross and are usually tax assessable to you. Ask your accountant to see if this applies to you.
At NobleOak, we manage our costs carefully to keep our premiums as low as possible.
Protecting Australians for over 140 years
One of Australia's longest standing life insurers with a proud 144 year heritage.
How much cover can I apply for?
Australian residents between the ages of 18 and 55 can apply for cover for up to 70% of their regular pre-tax income (subject to some limitations), up to an overall maximum of $30,000 per month.
Maximum Cover Benefit
Maximum Entry Age
55 years old
2 years, 5 years, or age 65
30 days or 90 days
What does our Disability Income cover provide?
If you become Totally Disabled, and your claim is accepted, you will receive Monthly Benefits to replace lost income. These payments:
- commence after the selected Waiting Period has expired, and
- continue for the duration of your Total Disablement, to a maximum of the Benefit Period.
Claims payments are payable monthly in arrears, so your first payment will generally occur about one month after the end of your Waiting Period. Totally Disabled / Total Disablement means, as a result of Sickness or Injury occurring while covered for Disability Income Insurance, you are:
- Unable to perform your Regular (Own) Occupation for the first 24 months on claim, and unable to perform Any occupation from month 25 onwards, and
- not working (whether paid or unpaid), and
- following the advice of a Medical Practitioner and the agreed rehabilitation plan.
You can choose a Monthly Benefit from $1,500 per month up to a maximum of 70% of your regular monthly income, to an overall maximum of $30,000 per month.
Up to 10% of the sum insured can be added to allow for superannuation contributions that would have continued had you not been on claim. The amount you receive will be the Monthly Benefit, less any Claim Offsets, to a maximum of 70% of your Pre-Disability Income. If you have selected superannuation contributions, this will be paid directly to your eligible superannuation fund.
Please note that if immediately prior to Total Disablement you have been either:
- unemployed for 12 months or more; or
- on parental leave and not receiving an income for 12 months or more
your Pre-disability Income will be nil and no benefit will be payable in the event of a claim.
You can choose a waiting period of either 30 days or 90 days. The waiting period begins on the first day off work due to the Sickness or Injury, as long as it is not more than 7 days before a Medical Practitioner examines you and certifies you as being Totally Disabled. No benefits are payable during the Waiting Period.
You can choose a Benefit Period of 2 years, 5 years, or to age 65. The Benefit Period begins once the Waiting Period has ended and continues for this period whilst you are Totally Disabled (or subsequently Partially Disabled), or upon the earlier of the benefit expiring or death.
NobleOak Disability Income Insurance may also pay a reduced benefit if you return to work in a reduced capacity. The Partial Disablement Benefit becomes payable providing you have been Totally Disabled for at least 14 days and remain Totally Disabled or Partially Disabled beyond the expiry of the Waiting Period.
Partially Disabled / Partial Disablement means due to your Sickness or Injury:
- you are unable to work more than 32 hours per week, and
- you are working to your full medical capacity, and
- Your monthly income is less than 80% of your pre-disability income, and
- you are following the advice of a Medical Practitioner and the agreed rehabilitation plan.
The Partial Disablement benefit is calculated as follows:
Partial Monthly Benefit = Total Monthly benefit – 75% x income for that month of Partial Disability.
If you are receiving Monthly Benefits, we will waive the Disability Income Insurance premium for the period the claim payments relate to.
If you return to work for less than 6 months after receiving your most recent Total Disablement or Partial Disablement benefit, and suffer a recurrence from the same or related cause, the claim will be treated as a continuation of the original claim. No Waiting Period will apply for this benefit.
If you are receiving claim payments from NobleOak, we may approve certain additional expenses to help you return to work. If your healthcare provider recommends a rehabilitation or retraining plan, and NobleOak pre-approves the costs, we will reimburse you for these expenses to help you get back on your feet.
After receiving a benefit for Total or Partial Disablement for 12 consecutive months, your Monthly Benefit will automatically increase each year in line with the Consumer Price Index (CPI).
When payments cease, the benefit will revert to the Monthly Benefit shown on your Benefit Notice at the time of Total or Partial Disablement.
If you become unemployed or need to take extended leave from employment because of full time study, maternity/paternity leave or compassionate leave, then you can write to us and ask us to pause your premiums for up to 12 months.
The premium pause is available once your cover has been in place for more than 2 years. We will not pay for any Sickness or injury, which occurs during the premium pause or within 90 days of restarting your premium payments.
Policies, terms and conditions vary between Insurance Providers, so it’s always advised to read the Product Disclosure Statement (PDS) and compare covers before you apply for Income Protection.
Why choose NobleOak Life Insurance?
Fully underwritten insurance
Simple & straightforward
Fully underwritten insurance
Simple & straightforward
Other NobleOak products to consider
Protect your family against unforeseeable financial burden if you were to pass away unexpectedly, by providing them with a lump sum payment.
Total and Permanent Disablement (TPD) Insurance
Receive a lump sum payment if you become permanently disabled as the result of a sickness or injury and are unable to return to work.
Receive a lump sum payment to assist with your recovery if you are diagnosed with one of 38 serious medical conditions listed within our PDS.
Tools and guides
Find out how much Life Insurance and Income Protection cover you may need.
Life Insurance Calculator
Calculate how much cover you may need to protect you and your family.
Life Insurance Guides
Explore information about the value of Life Insurance for key life stages from starting out as a young adult, to downsizing and retiring.