Income Protection Plan
Employee Accident and Sickness Programme for Union Members
Protect your family
Statistics show that more than 1 in 3 employees will suffer an injury or illness that incapacitates them for a period of more than 3 months.
Can you afford not to be covered?
For the cost of around 3% of your gross wage your income will be protected 24 hours a day, 7 days a week, worldwide for up to 104 weeks and it's tax deductible.
In the event of Accident or Illness, the following will apply:
Benefit - 85% of your gross average earnings including overtime and allowances (as declared by your employer). The maximum benefit payable under the policy is $1500 per week
Benefit Period - The benefit is payable for up to 104 weeks or to age 65 (whichever comes first).
Waiting Period - The waiting period is the period for which you will not be entitled to a benefit. The waiting period is 14 days from the date your doctor was consulted about illness or injury and a doctors certificate is obtained. A 28 day waiting period is applicable in respect to football injuries.
Partial Disablement - If you have received a weekly benefit and are then able to return to work on a partial basis, a benefit of up to 25% of the full benefit is payable.
Lump Sum Benefits (Accident Only) -
o Death $50,000
o Permanent Paraplegia $50,000
o Permanent Quadriplegia $50,000
o Permanent loss of sight 2 eyes $50,000
o Permanent loss of sight 1 eye $25,000
o Permanent total loss of use 2 limbs $50,000
o Permanent loss of 1 limb $25,000
** Please refer to the Policy Wording and Document for full policy exclusions**
AUSCOVER Insurance Agencies Pty Ltd
Locked Bay 5, Castle Hill NSW 1765
Email: auscover@auscover.com.au
Fax: (02) 8850 4133
Freecall: 1800 460 461
