Income Protection CORE offers a 70% replacement ratio for the first 2 years and then this moves to a 60% replacement ratio thereafter. With access to AIAA’s exclusive support programs including Medix and Rehabilitation we focus on helping clients to get back to living a healthier, longer, better life.
Income Protection CORE introduces a ‘Suited occupation’ definition after 24 months continuously on claim. It’s an occupation reasonably suited to the client by education, training or experience, including that which has been acquired through occupational rehabilitation programs, re-skilling or employment acquired during the claim period.
To support and encourage a return to work during this period, we will reduce the proportion of any ongoing income offset from the benefit from 100% to 70% and then 60% after 24 months.
After 24 months of claim, your client must also be incapable of working the lower of 40 hours or 80% of pre-incapacity hours to continue to be eligible for Partial Disablement Benefit.
Income Protection Core is available under an Ordinary or Superannuation plan.