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, plus you have met the requirements of the waiting period, 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, with funds available to help with your day-to-day expenses at a difficult time.
Choice of waiting periods
You can choose between waiting periods of 30, 60, 90 or 730 days that will apply from the date of disability. No benefits will be paid during the period that you select.
Rehabilitation program expenses benefit
If you are receiving Disability Benefit payments, we’ll help cover the costs of a rehabilitation program that your treating Medical Practitioner has recommended. We may also recommend a program and seek approval from your treating medical practitioner.
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.
Choose from optional extras
Two optional extras are available at an additional cost. You can choose to include a Claim Payment Benefit Increase feature, and a Monthly Superannuation Benefit if you wish. These will be available at an extra cost.
Choice of benefit periods
You can choose between benefit periods of 1,2,5 or 10 years. This is the period for which benefits are payable if you are disabled due to sickness or injury, and are unable to work during that period.
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, Optional
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, Optional or Stand Alone
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 Money magazine’s Best Value Direct Life & TPD Insurance award in 2024 and 2025. That’s 2 years in a row! Money magazine's Best of the Best award demonstrates commitment to product and service excellence while delivering amazing value to customers.
We are also the winner of The Mozo Experts Choice Awards 2024 and the Finder Highly Commended Life Insurance award 2025.
Money magazine - Best-Value Direct Life & Trauma Insurance
2025
Money magazine - Best-Value Direct Trauma Insurance
2025
Exceptional Quality Life Insurance
2024
Exceptional Value Life & TPD Insurance
2024
Exceptional Value Income Protection
2024
Finder Highly Commended Life Insurance
2025
Outstanding Value Direct Life Insurance
2023
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.
