Income protection cover

What is income protection (IP) cover?

IP cover can provide you with a monthly benefit of up to 85% of your pre-disability income if you’re unable to work due to injury or illness.

You may also be able to receive a partial benefit while you’re transitioning back to full employment after a total disability.

IP cover doesn’t form part of the automatic cover most Equip Super members receive when they join. Instead, you need to apply for IP cover separately if you need it. Our IP cover is flexible, so you get to choose your waiting period and your benefit period:

• A  benefit period of two years or five years
• A waiting period of either 30, 60 or 90 days.

How to apply for, change or cancel your cover

• Online: Log in to Member Online

• Via mail: Alternatively, you can complete the Change your insurance cover form and Personal statement and send it to us.

Transferring your existing IP cover into Equip Super

You may be able to transfer the TPD cover you have with another super fund or life insurer into an Equip MyFuture account.

Log in to Member Online to apply to transfer your cover or complete the Transfer your insurance cover to Equip form.

There are some important considerations to be aware of when transferring cover from another insurer. We recommend finding out a little more before you make the change.

Download the guide

For more information on IP cover and how it works, refer to our Insurance in your super guide.