Provided by
NobleOak Life Insurance.
Income Protection Insurance Solved™ with Budget Direct
Monthly payments if sickness or injury stop your income
If you suffer an illness or become injured and are unable to work and your claim is accepted, you will receive monthly benefits in arrears to help replace your lost income. You can select a waiting period that suits you. Income Protection cover lets you focus on your recovery, rather than the day-to-day expenses.
Optional benefit period
You can choose between benefit periods of 2 years or 5 years. This is the period for which benefits are payable if you are disabled by illness or injury, and are unable to work during that period.
Rehabilitation and retraining support
If you suffer an illness or become injured and are unable to work, once your claim is accepted and you meet the waiting period you will receive monthly benefits, in arrears. This benefit aims to help give you the best chance at being ready to work once you’ve recovered.
Vocational transition program benefit
If you are receiving monthly benefit payments, we may pay for vocational retraining costs to assist your transition to an occupation you have work capacity in, if you’re unable to return to your regular occupation.
Waived premiums if you claim
If you are receiving monthly benefits, we’ll waive your Income Protection Insurance premiums for the period the claim payments relate to.
Insurance issued by NobleOak Life
With a solid collection of awards and over 140 years insuring Australians and their families, your Budget Direct policy is issued with a wealth of care and experience.
Terms, conditions, limits and exclusions apply. For all the details, please read the Product Disclosure Statement (PDS).
Explore the different types of Life Insurance
Income Protection Insurance can help to keep a level of income flowing for your benefit period if you were to suffer a sickness or injury and can’t work during that time.
However, there are several other Life Insurance cover types you may wish to consider, should life take an unexpected turn:
Life Cover
Budget Direct Life Insurance pays a lump sum to help provide for your family and loved ones in the event you pass away, or become terminally ill.
Total and Permanent Disability (TPD) Insurance
Receive a lump sum payment if you become permanently disabled as the result of a sickness or injury and are unable to return to work.
TPD Cover is available as an optional extra on a Life Cover policy.
Trauma Insurance
Receive a lump sum payment if you are diagnosed with 1 of 37 serious medical conditions listed within the PDS.
You can add Trauma Cover as an optional extra to your Life Cover policy, or buy it as a stand-alone policy by calling 1300 220 627.
Award-winning Australian Life Insurance
Budget Direct has been awarded Canstar’s Outstanding Value Direct Life Insurance for 2023. Canstar’s Direct Life Insurance Award recognizes providers who offer outstanding value policies to consumers in Australia.
To determine the winners, direct life insurance policies are evaluated using Canstar’s sophisticated ratings methodology, unique to Canstar, which assess the overall value proposition of policies available to consumers in Australia.
We are also the winner of The Mozo Expert Choice Awards 2022. Mozo analysed 21 different insurance companies and we are proud to be named a winner of six award categories:
Outstanding Value Direct Life Insurance
2023
Exceptional Quality Life Insurance
2022
Exceptional Value Life & TPD Insurance
2022
Exceptional Value Life & Trauma Insurance
2022
Exceptional Value Income Protection
2022
Exceptional Quality Income Protection
2022
Find out more
The information on this page is a summary only. For all the terms, conditions, limits and exclusions, please read the Product Disclosure Statement (PDS).
Manage your Life Insurance policy
Manage your policy
You can find details of your policy, make changes to it by contacting us on 1300 220 627.
Make a claim
You can find out more about how to make a claim on our Claims page.
