Asteron Income Protection Insurance

Asteron life insurance products are all offered under their Lifeguard Plan. Please refer to the Product Disclosure Statement for further details.

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. For a detailed explanation of these benefits, please refer to the Product Disclosure Statement.

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. For a detailed explanation of these optional benefits, please refer to the Product Disclosure Statement.

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

Asteron Contact number – 1800 221 727

Asteron Product Disclosure Statement – PDS

Go to Asteron website – www.asteron.com.au

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