Loss of Income Coverage

Loss of Income Coverage

Financial Protection with Loss of Income Cover

If an injury or illness during your IEC working holiday prevents you from working, loss of income insurance provides financial support to cover lost wages. This coverage ensures you can focus on recovery without the added stress of income loss.

What Does Loss of Income Insurance Cover?

  • Temporary Disability: Pays a weekly benefit if you’re unable to work due to a covered injury or illness.
  • Partial Disability: Provides reduced benefits if you’re only able to work part-time or in a limited capacity after recovery.
  • Workplace-Related Injuries: Covers income loss due to injuries sustained during your working holiday.

Why Is Loss of Income Coverage Important?

As a participant in the IEC program, many travellers rely on temporary or part-time jobs to fund their stay. If an accident or illness prevents you from working, this coverage ensures you have financial stability until you can return to work.

Frequently Asked Questions

You’ll receive a weekly benefit based on the policy terms and your pre-disability income. Check the PDS for exact limits.

This policy covers injuries or illnesses specified in the terms. Pre-existing conditions or injuries from excluded activities are not covered.

Yes, if you’re able to work part-time or in a reduced capacity, partial disability benefits may be provided.

Yes, workplace injuries sustained during your IEC working holiday are covered, provided they meet the policy terms.