I’m looking for cover

On 28 June 2018, Budget Direct temporarily stopped offering life insurance, including income protection, to new customers.

We apologise for any inconvenience this may cause you.

Budget Direct will resume offering life insurance to new customers in the near future.

In the meantime, you may wish to use our life insurance calculator to estimate how much life insurance you might require.

I’m a policyholder

Though we’ve temporarily stopped offering life insurance to new customers, existing policyholders – including those with Income Protection Cover – will continue to be covered.

What’s included?

If you suffer a serious illness or injury and are unable to work for the duration of the waiting period and beyond, we’ll pay you a monthly benefit until you're well enough to return to work or your cover ends.

  • Cover for up to 75% of your monthly income

    Depending on the benefit chosen, a benefit amount up to 75% of your salary or $10,000 per month, whichever is the lesser.

  • 1-, 2- or 5-year benefit period

    This is the maximum length of time you’ll receive a benefit if you’re unable to work due to illness or injury and will be noted on your policy schedule.

  • Waiting period

    Either a 30- or 60-day waiting period. If, after serving the waiting period, a doctor confirms you’re still too unwell to return to work, we’ll start paying you your monthly benefit.

  • No premiums while you claim

    While receiving a monthly benefit, you won’t have to pay any income-protection premiums.

  • Guaranteed cover until the age of 65

    Unless your cover ends earlier, we guarantee to automatically renew it every year until you turn 65.

What’s not covered?

There are some events or circumstances in which we do not provide cover – these are called ‘exclusions’.

Examples of these exclusions include but are not limited to loss of income resulting from:

  • redundancy (also known as involuntary unemployment)
  • a mental disorder or illness
  • normal pregnancy (e.g. morning sickness and back pain)
  • self-inflicted harm, including attempted suicide
  • consumption of drugs or alcohol
  • engaging in criminal activities or illegal acts.

Find out more

The information on this page is a summary only. For more details about Budget Direct Income Protection Cover, including the terms, conditions, limits and exclusions that apply, please read the product disclosure statement.

Manage your policy

To view your policy details, log into Policy Manager; if you’d like to ask about or change your policy details, please contact us:

Policy Manager

1800 555 048
[email protected]

Make a claim

We understand life insurance claims can be stressful, so we try to deal with each claim as quickly, efficiently and compassionately as we can.

Make a claim on your Income Protection Cover

Frequently asked questions

Got a question about life insurance? Find the answers to our customers’ frequently asked questions.