Income protection

Everyday living has some sort of price tag attached, with costs such as mortgage payments, rent, bills and groceries being generally unavoidable.

Income Protection insurance can provide you with a replacement income if you are temporarily unable to continue performing the regular duties of your occupation.

Protect your income

The replacement income can be up to 75% of your salary excluding super, with an additional 10% of your salary excluding super to be paid to your superannuation account. *

You can receive payments for either two years (default benefit period) or five years after your chosen waiting period (either 30, 60, 90 or 120 days), as long as you continue to meet the Policy's definition of total disablement or partial disablement. Note the default waiting period for Corporate Plus members (people who work for TelstraSuper or a related company) is 90 days.  

Find out more about making changes to your income protection.

You don't have to be permanently unable to work to get income protection payments and you may be eligible for payments while you are waiting for your TPD claim to be assessed. Income protection payments will be reduced by the amount of any other payments you receive or are entitled to receive during a payment period (such as sick leave or workers' compensation). Social security benefits and motor accident compensation are not offset against insurance benefits.

Income protection** insurance is available to:

  • Corporate Plus members (people who work for Telstra or related employers)
  • Personal Plus members (people who have left Telstra or are related to a Telstra or former Telstra employee)
  • Sensis Super Plus Defined Benefit members 
  • Division 5 Defined Benefit members

Further eligibility criteria and terms and conditions may apply. For more information on Income Protection read the relevant PDS or Insurance Guide for your plan.

* Income Protection cover is subject to a maximum monthly benefit of $50,000 for a two year benefit period and a monthly benefit of $30,000 for a five year benefit period

** Not applicable to former Defined Benefit members

Need help with income protection?

At TelstraSuper we're here to help you build a secure financial future. Before making any significant financial decisions we would encourage you to speak to TelstraSuper Financial Planning that has a team of phone based Advisers who can help you work out how much insurance you need. If you'd like to discuss your insurance or if you have any other financial advice queries contact us on 1300 033 166 or fill in our online contact form. There's no additional charge for our phone based service as this is included in your TelstraSuper membership.

Online contact form