Personal Accident and Illness Insurance may provide selected weekly or lump-sum benefits when an insured person cannot work because of a covered injury or illness.

It does not replace compulsory Workers Compensation Insurance.

Who may consider this cover? #

Personal Accident and Illness Insurance can be relevant to eligible:

• Sole traders.
• Partners in a business.
• Working proprietors.
• Contractors or other people who are not covered as workers.

Eligibility depends on the occupation, duties, age and insurer’s underwriting requirements.

What benefits may be available? #

Depending on the policy, cover can include:

• Weekly benefits for an insured temporary disablement.
• Lump-sum benefits for specified injuries or permanent disablement.
• Selected medical or rehabilitation benefits.
• Other benefits described in the policy.

Benefits, exclusions and definitions vary between insurers.

What are waiting periods and benefit periods? #

The waiting period is the time before eligible weekly benefits begin. The benefit period is the maximum time those benefits may be payable. These settings can affect both the protection provided and the premium.

What information is needed for a quote? #

Insurers can ask about the insured person’s occupation, duties, income, hours worked, health history, age and preferred benefit structure.

Contact our team to discuss whether Personal Accident and Illness Insurance may be suitable.