Income Protection

How we can help with your Income Protection claim.

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An unexpected loss of income can feel like the ground is crumbling under your feet. The stress can take a serious toll, and that’s before you’ve even had to think about the Income Protection claim process.

Let us handle your claim and ease some of the stress. ICAA is highly experienced in all aspects of Income Protection products. Our team has a proven ability to help secure successful claim outcomes.

ICAA & the Income Protection claim process

You’ve got financial responsibilities that can’t be put on hold. That’s why our process is designed to reach an outcome quickly and effectively. Throughout the process, we’re available to answer your questions from start to finish.

Want more information related to the claims process and related regulations? We recommend taking a look at these key resources regarding your rights and obligations as a claimant:

The Life Insurance Code of Practice (the Code) requires life insurers, friendly societies that offer life insurance products and other industry participants, who have adopted the Code to provide services to their customer of a high standard and in a timely, honest, fair and transparent way.

A snapshot of the recent ASIC review into Life Insurance claims

 

ICAA & the claim process

The process is simple and designed to reach an outcome quickly and effectively. We’re available to answer your questions from start to finish.
  • Step 1.

    Get started by contacting us or requesting an instant call back.
  • Step 2.

    Free consultation with an ICAA team member. You’ll provide us with the required documentation regarding your claim.
  • Step 3.

    We handle the relevant paperwork and other requirements on your behalf.
  • Step 4.

    We lodge your claim with the insurer on your behalf and follow up to confirm it’s been received.
  • Step 5.

    We liaise with the insurer on your behalf (where necessary) while they assess your claim.
  • Step 6.

    Your insurer makes a decision.
5 things to know about Income Protection claims
  • 1
    If you’ve got Income Protection cover, you should be in good stead financially. When you consider (according to Lifewise.org.au) that while 83% of Australian car owners insure their car, but only 31% insure their income, you’re already in a better position than many working Australians.
  • 2
    The most common age bracket for Income Protection claims is between ages 45-55. A common misconception is that personal insurance claims usually only happen to older people. Life doesn’t stick to a script, that’s why it’s so crucial to know that you’re covered and able to access helpful advice.
  • 3
    Every Income Protection policy will be slightly different in the level of cover, waiting periods, benefits, premiums and so on. At ICAA, we can help you interpret any area of your policy that you might not be familiar with while we help lodge your claim.
  • 4
    You don’t have to be a full-time employee to make an Income Protection claim. Depending on your circumstances and cover, you can make a claim as a full or part-time employee or as a self-employed person. Check your policy document if in doubt. From there, ICAA can help you navigate the claim process.
  • 5
    Know that for the majority of claimants, the Income Protection claim is processed quickly and successfully, providing up to 75% of their regular income to support your recovery and cover your expenses.

Frequently Asked Questions about Income Protection claims

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What is Income Protection?

Income protection insurance, also known as salary continuance, can help you manage expenses like your mortgage payments, bills and regular expenses, if you are unable to work for a certain amount of time as a result of being sick or injured.

Each income protection policy has its own definition of disability and varying benefits. Income protection usually offers cover for up to 75% of your gross wages for a maximum time period (e.g. 2 years or to age 60).

How long does the process take?

There are some variables that will affect the timeline of how long your claim takes. In our experience, typical Life and Trauma claims are completed within 2-4 weeks.

Income Protection claims can take longer due to the detailed documentation required. Our goal is always to settle the claim before the waiting period ends.

In our initial free consultation, we can discuss the likely timeline of your claim so that you know when to expect an outcome.

Why use a Claims Advocate?

When you have an advocate on your side, you gain the professional expertise to help your reach a successful outcome. It’s that simple. At a difficult time in your life it’s even more important to feel a sense of support – to be part of a wider team that can act on your behalf to progress your claim as quickly as possible.

Some clients contact us because the emotional impact of their circumstances makes dealing directly with their insurance company too taxing. Other clients simply want to make sure they’re able to reach the best financial outcome for their family. No matter what your motivation is, you can rely on professionalism, dedication and care when we handle your claim.

Don’t I need a lawyer?

Unless your claim has particularly unique circumstances, chances are you do not need legal representation. If you have a legitimate personal insurance claim, then it’s your insurer’s obligation to pay you under the Life Insurance Code of Conduct.

If you hire a lawyer, your insurer will refer your claim to their legal team too. This is likely to significantly drag out your claim and add unnecessary costs.

With ICAA, you get the advanced technical knowledge of an insurance legal professional, without the associated delays, costs and general distress of litigation.

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The information on this website, including references, where indicated, are taken from sources believed to be accurate and correct.The business owners and employees accept no liability for any person that relies upon the information contained herein. This website does not present itself as an adviser of personal insurance products or services. Persons wishing to purchase financial products should consult directly with an accredited adviser. No representation or warranty is made as to the accuracy, completeness or reliability of any estimates, opinions, conclusions or other information contained on this website. Information is intended to be of a general nature only and any advice has been prepared without taking into account any person's particular objectives, financial situation or needs. You should make your own enquiries, consider whether advice is appropriate for you and read the relevant documents and policies related to your insurance.