Income Protection Insurance

Discover a smarter way to insure your income with our multi-award winning cover.

Award Winning Income Protection Insurance


Key features

  • Winner 2018, 2017, 2016 Canstar Outstanding Value Awards

  • Choice of Benefit Period
    2 Years or To Age 65

  • Choice of Waiting Period
    30 Days or 90 Days

  • Fully underwritten cover means ‘no surprises’ at claim time

  • Partial Disablement Benefit

How much cover
do I need?

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Income Protection Insurance pays a monthly benefit of up to 75% of your regular before-tax income if you can’t work due to a serious illness or injury.

It’s a smart way to keep your mortgage, rent and other expenses paid until you can return to work. It’s even smarter when you buy directly from NobleOak – with high cover levels, fully underwritten cover and no upfront commissions.

Income Protection Insurance features

We’ve designed our Income Protection Insurance features to provide you with cover that’s tailored to your needs.

Award-winning cover

NobleOak has been named Best Income Protection Insurance in Australia for 2016, 2017 and 2018 taking out Canstar’s 5-Star Direct Income Protection Insurance Outstanding Value Awards.


High cover levels

You can apply for up to 75% of your before-tax income up to a maximum of $25,000 per month, without having to go through a financial adviser. That’s much higher than most direct insurers.

Low premiums

We don’t pay fees or upfront commissions to advisers when you purchase cover directly through us. That means lower premiums for you.

Fully underwritten ‘no surprises’ cover

We take the time to get to know you upfront, so we can tailor your cover and premium. Giving you more certainty at claim time.

Spouse benefit

We pay an additional monthly benefit if your spouse is required to stop work as a result of your total disablement.

Rehabilitation expenses benefit

We may pay for, or reimburse you for, some of the costs associated with rehabilitation, special equipment or workplace modification to help you return to work.

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Partial disablement benefit

We can pay you a reduced benefit if you return to work in a partial capacity following a period of disablement.

Dedicated claims support

If you or your family make a claim with NobleOak, you’ll be dealing with a friendly, Australia-based claims consultant from start to finish. We’re here to make the process easy for you.

ASIC & APRA regulated cover

As a friendly society, NobleOak’s Income Protection Insurance offering is regulated by ASIC and APRA in accordance with section 16C of the Life Insurance Act.

Apply over the phone

No one likes filling in long forms. That’s why we offer an easy application process over the phone, taking on average 20 mins.

Backed by a global reinsurer

Our Life Insurance products are backed by a leading global re-insurer, Hannover Life Re. In 2016, Hannover Life Re paid out globally over $7.7 billion^ for Life and Health Insurance claims (and related expenses).

Get covered in 3 simple steps

Step 1. Get a quote

One of our friendly insurance specialists will give you an Income Protection Insurance quote over the phone.

Step 2. Apply

If you’re happy with the quote, you can apply immediately either over the phone or book a time for a call back.

Step 3. Get covered

We’ll assess your application. If you need medical tests we’ll pay for them and update you during the process.

Income Protection Insurance FAQs

Find out more about our award winning Income Protection Insurance, from initial quote through to claims, we’re with you all the way.

What is Income Protection Insurance?

Income Protection Insurance pays a monthly benefit if the insured person becomes unable to work due to a serious illness or injury. That money can be used to pay for general costs of living, including mortgage or rent expenses, groceries and childcare or school fees.

How does Income Protection Insurance work?

You can apply for Income Protection Insurance as stand-alone cover, or bundle it with other cover types – including Life Cover, Total and Permanent Disability (TPD) Insurance and Trauma Insurance. Once you are accepted for Income Protection Insurance, we guarantee to renew your cover every year to age 65, as long as your premiums are paid.

How is my premium calculated?

Your premium is calculated based on your age and gender, occupation, level of cover, and your answers to the health and lifestyle questions we ask when you apply. It’s tailored to you, so you don’t have to worry about paying more to compensate for other people’s risks.

What details do I have to provide to assist with the application process?

If you have copies of any of your recent medical records or, blood test results and details of any prescription medicines you are taking, this will speed up the application and assessment process. Many clients are able to answer all of the questions in our application without additional requirements.

Are there any pre-existing condition exclusions in my cover that could come out at claim time?

No, all NobleOak applications are fully underwritten at the time you take the cover out.

As long as you fully and correctly disclose your medical history and other details in the application, your claim will be assessed based on this information and processed efficiently. Apart from the industry standard 13 month self harm / attempted suicide exclusion, there are no other pre-built in exclusions in a NobleOak Life Insurance cover.

If any Special Acceptance Terms are imposed on your cover, we tell you about these at the time of your initial assessment (underwriting stage) and formally agree these with you prior to issuing your cover. We firmly believe this is the best way to provide Income Protection Insurance, as it provides more certainty and clarity for you and your family.



  • + *Average saving on Income Protection
  • + ^Hannover Life Re Life and Health Insurance claims