Asteron Income Protection

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Asteron life insurance products are all offered under their Lifeguard Plan.

Guarantee of Upgrade

From time to time Asteron may make improvements to their Lifeguard products which are offered to you with no resulting increase in premium. Where these offers are made and you are suffering a pre-existing condition at the time that the improvement is applied to your policy it will not apply when assessing any claim affected by that pre-existing condition. In the event of a claim, you can be assessed against the terms of the policy before any upgrade on the policy, if, in your opinion, the improvements are less favourable.

Worldwide Cover

Cover is provided worldwide, 24 hours a day. Once your policy has been issued, Asteron will not cancel your policy because of a change in your health, occupation or pastimes, or in the event you move home, travel or become unemployed.

Overview

Income Protection Insurance pays a monthly benefit if you become disabled and are unable to work due to sickness or injury. Asteron have 3 Income Protection products – Income Shield, Income Protector and Income Advantage.

Built-in benefits

The following benefits are built into Asteron’s Income Protection products.

Built-in Benefits Income Shield Income Protector Income Advantage
Severely Disabled 10 Hours definition 10 Hours definition 10 Hours definition
Degree of impairment required during waiting period to then qualify for either Severely or Partially Disabled Benefits Requires 14 days complete absence from any gainful occupation and you must be severely disabled throughout the waiting period Requires 14 days complete absence from any gainful occupation and you must be severely disabled throughout the waiting period No period of severe disablement required, can be either severely or partially disabled
Partial Disability Benefit Yes Yes Yes
Recurring Disability Yes Yes Yes
Indemnity Option Yes Yes Yes
AIDS Cover Yes Yes Yes
Blood Borne Diseases Yes Yes Yes
Endorsed Agreed Value Yes Yes Yes
Overseas Assist Benefit No Yes Yes
Pregnancy Premium Waiver Benefit Yes Yes Yes
Retaining Benefit Yes Yes Yes
Return to Work Benefit No Yes Yes
Continuation of Cover beyond age 65 No No Yes
Income Update Benefit Yes Yes Yes
Death Benefit Yes Yes Yes
Premium & Cover Suspension Benefit No Yes Yes
Automatic Increase Benefit Yes Yes Yes
Premium Waiver Benefit Yes Yes Yes
Elective Surgery Benefit Yes Yes Yes
Specific Injury Benefit No Yes Yes
Payments Whilst Overseas Limited to 3 months whist you remain outside Australia and New Zealand Limited to 3 months whist you remain outside Australia and New Zealand No Limit

Benefits at an additional cost

The following benefits are available at an additional premium cost.

Optional Benefits Income Shield Income Protector Income Advantage
Extras Package No Yes Yes
- Accommodation Benefit No Yes Yes
- Bed Confinement Benefit No Yes Yes
- Crisis Benefit No Yes Yes
- Family Assist Benefit No Yes Yes
- Transportation Benefit No Yes Yes
- Unemployment Benefit No Yes Yes
Accidental Injury Option Yes Yes Yes
Accidental Injury Plus Option Yes Yes Yes
Increasing Claim Option Yes Yes Yes
Extended Waiver of Premium Option No Yes Yes
Booster Option Yes Yes Yes
Recovery Booster Option Yes Yes Yes
Booster Plus Option Yes Yes Yes
Needlestick Option No Yes Yes
SuperSaver Option Yes Yes Yes

Contact Asteron Insurance

Call: 1800 221 727
Asteron Website: www.asteron.com.au