Keep living the life you want with income protection

RACQ's Income Protection Insurance can help keep your household running if an Illness or Accident stops you from working. By replacing up to 75% of your regular Income^, this cover can help you:

  • keep up with your rent or mortgage repayments
  • stay on top of your household bills
  • pay school fees and other education expenses.
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Your cover at a glance:

Income protection ^Cover up to 75% of your Income to a maximum of $10,000 per month
Total Disability
Cover up to 75% of your Pre-Disability Income
Specific Injury cover
(Accident only)
Cover up to 75% of Pre-Disablement Income , whichever is lower (max. $10,000/month)for a Specific Injury Period
  • No waiting period applies to a Specific Injury listed
  • Cover up to the benefit period selected
  • You don't have to stop working to receive the benefit
  • Death benefit whilst on claim
    Receive 3 times the lesser of the Sum Insured and 75% of your Pre-Disability Income
  • Payable in addition to any other benefits
  • Premium wavier benefit
    You won’t need to pay any premiums while your are on claim and we are paying you your benefit
    Premium pause benefit
    Pause your premiums for up to 12 months while on Parental Leave or become Involuntarily Unemployed – and your cover remains in place (some cover reductions apply)
    Benefit period options
    6 months, 1 or 2 years
    Waiting periods
    Your choice of 30 or 90 days
    Global coverage
    You are covered worldwide 24/7 when you travel
    RACQ member rates
    RACQ has negotiated rates for our members plus an extra 5% off for joint policies and a 10% discount when you buy online
    No medicals or blood tests
    Apply online or by phone with no medicals or blood tests
    AIA Vitality
    Access to a personalised, scientifically-backed health and wellbeing program plus get 5% off your Income Protection Insurance premium based on your AIA Vitality Status at your next Policy Anniversary*

    The above features are a summary only and limits apply. Please refer to our Product Disclosure Statements for full details, exclusions, and terms and conditions.

    These discounts may be available to you:


    Joint policy discount
    A 5% discount for joint policies for you and your partner
    Life and Health discount  Get a 5% ongoing discount on your Life Insurance premium from RACQ whilst you hold both a Life Insurance and a Health Insurance policy from RACQ 

    The above features are a summary only and limits apply. Please refer to our Product Disclosure Statements for full details, exclusions, and terms and conditions.

    Get a quote Read the PDS FAQ's

    AIA Vitality - Benefits and discounts

    Plane flying above clouds

    Up to 50% off flights

    Man lifting weights in gym

    Up to 50% off gym memberships

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    Up to $650 in shopping vouchers

    Learn more about AIA Vitality benefits and discounts > 

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    *Achieve or maintain your AIA Vitality Status - Silver, Gold or Platinum and you’ll get 5% off your Income Protection premium at your next Policy Anniversary Date.

    Disclaimer

    The Life and Income Protection Insurance suite of products described on this website is distributed by RACQ Operations Pty Ltd ABN 80 009 663 414, Authorised Representative Number 234978 (RACQO), an authorised representative of AIA Financial Services Limited ABN 68 008 540 252, AFSL 231109 (AIAFS) and is issued by AIA Australia Limited ABN 79 004 837 861, AFSL 230043 (AIAA). RACQO is a distributor only; it does not sell, issue or guarantee these products. AIAFS and other authorised representatives of AIAFS are also involved in distributing these products. Descriptions of product benefits and features are a summary only. You should consider factors like your objectives, financial situation and needs and read the relevant Product Disclosure Statement (PDS) available on this website before deciding to acquire or continuing to hold any of these products. The information on this website is general and does not take such factors into account so you should consider its appropriateness in the context of such factors. Cover is subject to terms, conditions, limitations and exclusions. AIA Australia has adopted the Life Insurance Code of Practice, which contains minimum standards of service that customers can expect from insurers. The Code can be found at www.fsc.org.au.

    RACQ Health Insurance is issued by MO Health Pty Ltd ABN 32 611 323 034, a registered private health insurer, trading as RACQ Health Insurance, for which RACQ Operations Pty Ltd ABN 80 009 663 414 receives commission.

    AIA Vitality partners, benefits and rewards are subject to change at any time. For the most up-to-date information and to view the AIA Vitality Terms and Conditions see aiavitality.com.au. Partner terms and conditions may also apply.

    Life and Health Discount (The LHD) - Terms and Conditions

    • To qualify for the 5% Life and Health Discount (the LHD), you must hold both an RACQ Health Insurance Policy and an eligible RACQ Life Insurance policy. Both the RACQ Health and Life Insurance policies must insure the same person (same name and date of birth must appear on both policies) and have a common mailing address listed.
    • Eligible RACQ Life insurance policies are:

    o RACQ Life Protect
    o RACQ Accident Protect
    o RACQ Income Protect

    • For Joint Policies, at least one of the insured lives must hold an RACQ Health Insurance Policy in addition to an eligible RACQ Life Insurance and the LHD will apply to both life insured’s premiums under the RACQ Life Insurance Policy.
    • Where you have an existing eligible RACQ Life Insurance policy the LHD will be applied at your next payment instalment for fortnightly or monthly premium frequencies. If you have an annual premium frequency the LHD will be applied with immediate effect. 
    • The LHD will continue to be applied to your RACQ Life Insurance premiums, provided you still qualify by holding an RACQ Health Insurance Policy and an eligible RACQ life insurance policy. 
    • If you no longer hold an RACQ Health Insurance policy, the LHD will be removed at your next Policy Anniversary Date.
    • If the RACQ Health Insurance policy is not in place within or at 30 days of policy inception, the LHD will be removed effective from:

    o next payment instalment for fortnightly and monthly premium frequencies; or
    o policy inception for annual premium frequency. 

    • The LHD is generally applied to the total premium. If you are eligible for other discounts (in addition to the LHD), then generally we apply each additional discount to the already discounted premium. 
    • AIA Australia Limited reserves the right to vary or discontinue the LHD at any time and without notice.

    RACQ Health Insurance is issued by MO Health Pty Ltd ABN 32 611 323 034, a registered private health insurer, trading as RACQ Health Insurance, for which RACQ Operations Pty Ltd ABN 80 009 663 414 receives commission.