NobleOak remain committed to our clients during this uncertain time and we’re proud take part in the FSC COVID-19 initiative to support frontline healthcare workers

NobleOak remain committed to our clients during this uncertain time and we’re proud take part in the FSC COVID-19 initiative to support frontline healthcare workers

How does Income Protection Insurance Work?

How does Income Protection Insurance Work?

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Taking sick leave or a few days off is fine for your common cold or sprained ankle, but have you wondered how you would you manage if something more serious stopped you working? How do you keep paying rent? How do you feed the family? If it’s an ongoing sickness or injury it doesn’t take long to go through any savings, you have managed to squirrel away.

Income Protection Insurance provides you with an income if you can’t work due to a serious sickness or injury. The benefits are paid as a regular monthly income for a specified period, helping you to support yourself, your family and covering essential living expenses while you are not working.

Starting from $1,500 per month, NobleOak’s Disability Income Insurance will cover you for up to 70% of your regular, pre-tax income to a maximum of $30,000 per month (subject to certain limits). Within these guidelines, you can choose the Monthly Benefit to suit your needs and budget, as your premiums will be calculated on the amount of the cover.

Next you need to choose your waiting period, which at NobleOak is either 30 days or 90 days. This is the period before you become eligible to receive a Monthly Benefit. If you choose a 90 day Waiting Period, your premiums will be lower, because you are effectively self-insuring for those first 90 days of disability.

You then choose the Benefit Period, which is the maximum length of time you will receive a monthly payment while unable to work due to Sickness or Injury. At NobleOak you have the choice of a 2-year or 5-year Benefit Period, or a Benefit Period until you are 65.

Why choose NobleOak Life Insurance?

While we are very proud of the cover we provide, a simple belief in 'doing the right thing' sets us apart.

Low premiums

At NobleOak, you buy directly from us,
so you don't pay for
unnecessary overheads.

Fully underwritten insurance

We only offer fully underwritten Life
Insurance, tailored by you. This minimises
the risk of unforeseen delays or surprises
in the event of a claim.

Simple & straightforward

We aim to avoid overly complex terms.
We simply provide great value,
comprehensive Life Insurance.

Award winning

We are the only Life Insurer to win the Canstar Outstanding Value Award for Direct Life Insurance in six consecutive years from 2016 to 2021.

Help protect your family with
NobleOak, Australia's most awarded
Direct Life Insurer 2020

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