Here is an online calculator that may be able to help you.
For income protection insurance the level of income protection insurance cover available is limited to 75% of your income.
Australian superannuation plans also don’t normally include serious or critical illness insurance.
To work out if you need extra cover, check the insurance you have through your superannuation fund or employer.
Once the Waiting Period has expired, benefits start being paid and will continue to be paid for the length of the Benefit Period, as long as you are still unable to work due to sickness or injury. Once benefits have been paid for the length of the Benefit Period, no more benefits for that sickness or injury will be paid, though you may qualify for further payments at another time for a different sickness or injury.
For life insurance
1. Call or email us for a claim form:
Phone: 1800 069 922
2. Mail your completed claims form to:
Claims Team, RAC Life Insurance Member Service
PO Box 5595
St Georges Terrace, Perth WA 6831
To process the claim we may need additional information, including medical documents or other information, for which the person making the claim may need to pay. When all relevant information is received and the claim has been approved by us, the Insured’s benefit will be paid.
For income protection insurance
To process the claim we may need additional information, including medical documents or other information, for which the person making the claim may need to pay. When all relevant information is received and the claim has been approved by us, we will start paying your benefit, after the expiry of the Waiting Period. The amount of monthly benefit payable is limited to 75% of your income to a maximum of $10,000* per month immediately prior to you ceasing work due to the sickness or injury.
AIA Vitality is an award-winning health and wellness program that supports and rewards you for being healthy. Being part of AIA Vitality gets you access to great discounts on travel, gym memberships, fitness devices and healthy-eating programs to make getting healthy easy.Find out more about AIA Vitality.
- Complete your AIA Vitality Health Review to discover the state of your health. AIA Vitality members can earn AIA Vitality Points for completing this.
- Based on your Review, AIA Vitality suggests personal health goals. You select which of the recommended goals you would like to set. Using AIA Vitality partners to help you reach those goals will earn you points along the way.
- Getting healthier earns you the rewards. The more points you earn, the greater the rewards you get to enjoy.
You may also be required to take out a level of cover sufficient to meet the minimum premium. The premium amount includes government charges such as stamp duty and taxes.
We will send you a Policy Schedule outlining your accepted benefits, Sum Insured, Policy Commencement Date and each cover’s Expiry Date.
For income protection insurance
Yes. You can decrease your cover (subject to the minimum Sum Insured or premium requirements) at any time by contacting us. You can apply to increase your cover (up to the maximum amount, up to75% of your income to a maximum of $10,000* per month) at any time. To increase your cover you may need to answer some additional health and lifestyle questions.
The RAC Life Insurance suite of products is distributed by RAC Distribution Pty Ltd (RACD), an authorised representative of, AIA Financial Services Limited , AFSL 231109 (AIAFS) and is issued by AIA Australia Limited, AFSL 230043 (AIAA). RAC 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 RAC Life Protect, RAC Accident Protect or RAC Income Protect 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.
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.