1 Based on a 40 year old male non-smoker who is a real estate agent (standard risk occupation) and earns a gross annual income of $84,000 with an Income Benefit of $5,250 per month, a 2 year Benefit Period and a 30 day Waiting Period for a monthly premium of $60.65. Premium may vary depending on individual circumstances. The premium of $2 a day for this example does not include cover for the optional Total and Permanent Disability (TPD) Benefit.
2 The monthly amount payable for a valid claim may be less than the Income Benefit selected at the time of application, depending on your ‘pre-claim earnings’ and ‘other payments’. The maximum monthly benefit available depends on your occupation category at time of application, and is up to $10,000 for a standard risk occupation, and up to $3,000 for a special risk occupation. When you apply, we will class your occupation as standard risk or special risk. If you are classed by us as having a special risk occupation, your Income Benefit is not payable for a disability caused by the occupational duties you perform.
3 The Income Benefit may be considered as income replacement. Therefore the premiums for the Income Benefit may be tax deductible, and Income Benefit payments may be assessable as income. The information in this document is a guide only and does not represent tax advice. You should seek professional advice specific to your individual circumstances.
4 You must be a Qantas Frequent Flyer member and correctly register your Qantas Frequent Flyer membership details with OnePath Life Limited (OnePath Life) to start earning Qantas Points on eligible premiums you pay. Points are only earned on premiums you pay after OnePath Life has received your Qantas Frequent Flyer membership details. Points are earned in accordance with and are subject to the OnePath Life and Qantas Frequent Flyer Rewards Terms and Conditions (PDF 128kB). Membership and points are subject to Qantas Frequent Flyer program terms and conditions. Qantas does not endorse, is not responsible for and does not provide any advice, opinion or recommendation about these life insurance products or the information provided in this communication. Complimentary Qantas Frequent Flyer membership join fee waiver offered by OnePath Life. This complimentary offer may be withdrawn at any time.
5 Claims arising directly or indirectly from a pre-existing medical condition occurring in the two years before the policy acceptance date are not covered. A pre-existing medical condition is an injury, illness, condition or related symptom: that you (or a reasonable person in your position) were aware of, or should have been aware of; or for which you had, or were intending to have, a medical consultation; or for which a reasonable person in your circumstances would have had a medical consultation. See the ANZ Income Protection Product Disclosure Statement and Policy for more information.
6 Not available for people working in high risk or special risk occupations.