Ezicover Income Replacement Insurance
The Product
- Available for Members 19 – 57 years
- Waiting Period 30 days
- Benefit Period to age 65
- Premiums are generally Tax Deductible
Simplified Occupation Categories
Category 1
|
Description |
Example Occupations |
| Office based managerial, administrative & clerical occupations that involve absolutely no manual work |
Teacher Infants/Primary; Teacher Department Head; Teacher Mathematics, Science or Arts; Accountant. |
Category 2
|
Description |
Example Occupations |
| Positions involving supervision of manual work or involvement in a small amount (less than 10%) of light manual work in highly skilled occupations. Occupations where the majority of income is by way of commission is also included |
Teacher Manual Arts; Teacher Agriculture; Teacher Cooking; Teacher Music; Electrician – Sub Station Operator; Gas Industry - Inspector, Meter Reader or Tester.
|
Category 3
|
Description |
Example Occupations |
| Highly skilled trades or occupations with manual duties |
Auto electrician, screen printer or registered nurse. |
Maximum Insured Monthly Benefit
Maximum Insured Monthly Benefit available depending on Income
|
Annual Income
Range |
Maximum Insured
Monthly Benefit* |
|
$24,000 – $31,999 |
$1,500 |
|
$32,000 – $39,999 |
$2,000 |
|
$40,000 – $47,999 |
$2,500 |
|
$48,000 – $55,999 |
$3,000 |
|
$56,000+ |
$3,500 |
*Maximum income benefit cannot exceed 75% of pre disability income – (see how income benefit is calculated in Product Disclosure Statement).
Benefits
- Partial payments generally available
- Benefit to assist in modification to Workplace if required
- Funeral Benefit equal to 3 times income benefit
- CPI increase in benefit offered yearly – see Inflation Protection in Product Disclosure Statement
- While on claim benefit increases quarterly in line with CPI
- Waiver of Premium while on claim.
Exclusions
No amount will be payable for Sickness or Injury occurring as a direct or indirect result of any one or more of the following:
- a mental disorder
- an intentional self-inflicted act
- attempted suicide
- uncomplicated pregnancy or child birth
- an act of war (whether declared or not).
More information
Quick Quote - Obtain your no obligation online quick quote now.
PDS - Read the Product Disclosure Statements (PDS) for Ezicover Term Life Insurance - General Information PDS or Income Protection PDS
Important Information
Ezicover Product Information is provided by Zurich Australia Limited ABN 92 000 010 195 AFSL 232510 (Zurich). The information provided is general only and does not take into consideration your objectives, financial situation or needs. You should consider these factors, together with the PDS before deciding whether to acquire any product mentioned here.
Health Insurance Consultants Australia Pty Ltd (HICA) acts as referrer for these products only and does not make any recommendation or give any opinion about these products. HICA Consolidated Insurances Pty Ltd receives a commission of 20% (plus GST) of each premium paid for referring you to Zurich.
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