Sickness & Accident

Sickness and Accident insurance cover protects the insured against loss of income resulting from an injury or sickness.

This type of cover typically provides:

• benefits to the insured in the event of injury
• average weekly income benefits to the insured for certain accidents and/or sickness

Examples of events which can be covered include:

• accidental injury
• temporary total or temporary partial disablement as a result of an accident or sickness.

The ATO allows a tax deduction for the cost of premiums paid for insurance against the loss of your income. You cannot claim a deduction for a premium or any part of a premium which you paid under a policy to compensate you for such things as physical injury. Life insurance, trauma insurance and critical care insurance are some types of policies for which premiums are not deductible.

• Sickness & Accident
• Mortgage & Loan Protection
• Life & Permanent Disability Cover
• Income Protection
• Trauma Cover
• Business Key Person Loss