Did you know...
Income protection insurance can provide you with 75% of your income for up to two years.
Sally Angel
QSuper member since 2007
Income protection insurance covers you if you are temporarily unable to work in your current job due to illness or injury.
Who is eligible?
Income protection insurance is automatically provided to permanent and temporary employees making standard member contributions. Income protection insurance is not available to police officers or casual employees.
To find out if you have income protection insurance, check the details on your welcome letter (or latest benefit statement) or contact us.
What am I covered for?
Accumulation accounts - If you meet certain criteria, an income protection benefit is paid at 75% of your base salary for up to two years for a condition or related condition. Income protection is available to you until age 65, or you finish employment with the Queensland Government.
Defined benefit accounts - If you meet certain criteria, an income protection benefit is paid at 75% of your 1 July salary for up to two years for a condition or related condition. Income protection insurance is available until you no longer work for the Queensland Government.
While receiving the income protection benefit, you will not be required to make standard contributions, but your future benefits will continue to grow as if you were making them.
How much does it cost?
Accumulation accounts - The cost of your income protection insurance premium will depend on your age. Premiums are deducted from your account.
| Age |
Premium rate
(% of salary) |
Age |
Premium rate
(% of salary) |
Age |
Premium rate
(% of salary) |
| 16 |
0.05% |
33 |
0.28% |
50 |
0.63% |
| 17 |
0.06% |
34 |
0.30% |
51 |
0.66% |
| 18 |
0.07% |
35 |
0.31% |
52 |
0.69% |
| 19 |
0.09% |
36 |
0.33% |
53 |
0.72% |
| 20 |
0.10% |
37 |
0.35% |
54 |
0.76% |
| 21 |
0.11% |
38 |
0.36% |
55 |
0.79% |
| 22 |
0.12% |
39 |
0.38% |
56 |
0.83% |
| 23 |
0.14% |
40 |
0.40% |
57 |
0.87% |
| 24 |
0.15% |
41 |
0.42% |
58 |
0.91% |
| 25 |
0.16% |
42 |
0.44% |
59 |
0.95% |
| 26 |
0.18% |
43 |
0.46% |
60 |
0.99% |
| 27 |
0.19% |
44 |
0.48% |
61 |
1.04% |
| 28 |
0.21% |
45 |
0.50% |
62 |
1.09% |
| 29 |
0.22% |
46 |
0.53% |
63 |
1.15% |
| 30 |
0.23% |
47 |
0.55% |
64 |
1.21% |
| 31 |
0.25% |
48 |
0.58% |
|
|
| 32 |
0.27% |
49 |
0.60% |
|
|
Defined benefit accounts - Your income protection insurance is part of your Defined Benefit account package of benefits. There is no additional cost for standard cover.
Pre-existing medical conditions
In the first ten years of your income protection cover, an income protection benefit won’t be paid if the cause of your illness or injury is related to a medical condition that existed before this cover started. As with your death and TPD insurance, this is the only exclusion placed upon your income protection cover.
Got a question that isn't answered here?
Check out our list of insurance frequently asked questions.