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Income Protection for Graduates and New Professionals

Graduates and new professionals may feel elated to know that better cover is in the offing for them. Often, these individuals face obstacles meeting financial requirements that may entitle them to better cover levels. However, with the new offer, the increased Income Protection (Agreed) monthly benefits they are looking at are the following:

  • Doctor GP from $6,250 to $10,000
  • Doctor Intern from $6,250 to $10,000
  • Engineer from $3,750 to $5,000
  • Accountant (Graduate) from $3,750 to $5,000
  • Dentist from $6,250 to $7,500

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Waiting Periods

14 Days 1 month 2 months 3 months 6 months
12 months 24 months Not Sure

2 Years 5 Years Age 60 Age 65 Age 70 Not Sure



Additional Information


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In addition is the increased Agreed Value monthly benefit for Doctor Registrar amounting to $10,000. Another development is the granting of combination of Agreed Value and Indemnity cover to the latter’s cover limit.

 

With the offer, graduates and new professionals may now apply for agreed value Income Protection and lump sum cover with fewer hassles. For more information with regard to applicable business rules, clients are advised to see their financial advisers.

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