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Comparing Income Protection Benefit Payment Periods

What should I consider when comparing income protection benefit payment periods?

Comparing Income Protection Benefit Payment Periods

The information on this website is general in nature and does not take into account your objectives, financial situation, or needs. Consider seeking personal advice from a licensed adviser before acting on any information.

If you are serious about protecting your income, it is essential that you give real consideration to the benefit payment periods being offered as part of your income insurance policy.

Published: Monday, 3rd Dec 2012
Author: 258


Life Insurance Articles

Income Protection vs. Total Permanent Disability: Which Is Right for You?
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How Accidental Income Protection Insurance Can Provide Peace of Mind
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Income Safety Net: How to Choose the Right Income Protection for Your Lifestyle
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In the face of life's unpredictable twists and turns, few things are as disconcerting as the possibility of suddenly losing your ability to earn an income due to illness. Such events are often unexpected and can have significant financial repercussions that interrupt not only your flow of daily life but also compromise your future plans. - read more
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Insurance News

Understanding the 4.41% Increase in Private Health Insurance Premiums for 2026
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Australian private health insurance premiums are set to rise by an average of 4.41% from 1 April 2026, marking the most significant increase since 2017. Health Minister Mark Butler stated that this adjustment reflects the escalating costs of medical and hospital services, which have risen by 5% over the past financial year. This increase is expected to impact over 15 million Australians who hold private health insurance policies. - read more
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In response to escalating operational costs faced by private hospitals, health insurers have increased their payments to these facilities. Recent data indicates that payments to private hospitals have risen by 7.7% in the year leading up to March 2025. This adjustment aims to support private hospitals during a period of financial strain and to ensure the continued delivery of quality health care services. - read more
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In a significant policy shift, Australian health insurers will begin offering rebates for a range of natural therapies, including Yoga, Pilates, Tai Chi, Shiatsu, Naturopathy, Western herbal medicine, and the Alexander Technique, starting early 2026. This change follows legislative amendments allowing these therapies to be covered under private health insurance for the treatment of health conditions or as part of health management programs. - read more
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Insurable Interest:
A financial or other kind of interest in the insured item or person, necessary for a valid insurance contract.