Income protection insurance

Income protection insurance can help cover your ability to earn an income.
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03.Indemnity policies

CHOICE teamed up with Rice Warner Actuaries to evaluate agreed, indemnity and superannuation policies. Below are some of the best indemnity policies, as assessed by CHOICE and Rice Warner. As there are so many variables to weigh up when choosing a policy (age, whether you smoke, pre-existing conditions, etc), we have used scenarios to help you assess the one that most closely matches your situation.

The following scenarios assume the client is a resident of NSW, a non-smoker, the waiting period is 30 days, and that benefit period is to age 65. The monthly premiums are current as of April 2011, however premiums will vary depending on a number of factors, so use these as a guide only.


Income protection insurance indemnity $5000 stepped-1



Income protection insurance indemnity $7500 stepped


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