OnePath Income Protection

OnePath Insurance products are all offered under their OneCare Plan. Please refer to the Product Disclosure Statement for further details.

Guaranteed upgrade of benefits
OnePath will automatically add any future improvements they make to any of the benefits available under the OneCare policy to your existing policy, if they do not result in a premium increase. Any improvements will apply to future claims.

Overview
Income Secure Cover enables you to keep up with your every day living expenses if you are unable to work because of illness or injury. OnePath Income Secure Cover will pay up to 80% of your income as a monthly benefit, thus allowing you to concentrate on your recovery, rather than worrying how you will pay the next bill.

Choice of four types of income protection cover

OnePath’s Income Secure Cover is structured into four modules so that your individual needs can be easily catered for. The four modules are structured as follows:

Income Secure Special Risk – provides basic income protection for those whose occupations have traditionally been deemed uninsurable.

Income Secure Standard – provides core income protection for those who want to feel secure that they can meet their bills if they are unable to work due to illness or injury.

Income Secure Comprehensive – extends on the Standard Cover by offering additional benefits to assist with expenses incurred as a result of illness or injury.

Income Secure Professional – offers income protection that is designed for certain professional white collar occupations. This cover offers an extensive range of built-in benefits and features.

Built-in benefits
The following benefits are built into the Income Secure Cover Plan:

Special Risk	Standard	Comprehensive	Professional
Total Disability Partial Disability Rehabilitation and Retraining Expenses Basic Death	Total Disability Partial Disability Rehabilitation and Retraining Expenses Basic Death No Claim Meal Allowance Unemployment Specific Injury	Total Disability Partial Disability Rehabilitation and Retraining Expenses Enhanced Death No Claim Meal Allowance Unemployment Specific Injury Trauma Recovery Accommodation Special Care Immediate Family Member Nursing Care Relocation Child Care Assistance	Total Disability Partial Disability Rehabilitation and Retraining Expenses Enhanced Death No Claim Meal Allowance Unemployment Specific Injury Trauma Recovery Accommodation Special Care Immediate Family Member Nursing Care Relocation Child Care Assistance Rehabilitation and Retraining Incentive Emergency Domestic Travel Commuter

Built-in features
The following features are built into the Income Secure Cover Plan:

Special Risk	Standard	Comprehensive	Professional
Indexation Waiver of Premiums Conversion to Living Expense Cover Waiting Period Conversion Family Cover Pause	Indexation Waiver of Premiums Conversion to Living Expense Cover Waiting Period Conversion Family Cover Pause Increasing Income	Indexation Waiver of Premiums Conversion to Living Expense Cover Waiting Period Conversion Family Cover Pause Increasing Income	Indexation Waiver of Premiums Conversion to Living Expense Cover Waiting Period Conversion Family Cover Pause Increasing Income Unemployment Premium Waiver Premium Pause Cover Continuation

Additional options
The following options are available at an additional premium cost:

Special Risk	Standard	Comprehensive	Professional
Increasing Claim Booster	Increasing Claim Booster Priority Income Accident Premier Accident	Increasing Claim Booster Priority Income Accident Premier Accident	Increasing Claim Booster Priority Income Accident Premier Accident

Benefits at an additional cost

Extra Care Cover options
You can increase your protection by adding up to three additional benefits to your Income Secure Cover – Terminal Illness, Extended Needle Stick and Accidental Death Benefits:

Terminal Illness Benefit
Extended needle Stick Benefit
Accidental Death Benefit

Living Expense Insurance

Overview
OnePath Living Expense Cover recognizes the value of what you do every day, even if you’re working part-time. If you get sick or injured the benefits can help you keep the household bills paid, pay for some help around the house, and even stay on top of your mortgage. OnePath will pay an agreed monthly benefit if you are significantly disabled.

Built-in benefits
The following benefits are built into the Living Expense Cover Plan:

Living Expense Benefit
If the life insured is significantly disabled due to illness or injury, OnePath will pay the Living Expense Benefit during the benefit period after the completion of the waiting period. To be eligible to receive this benefit, the life insured must have been:

Significantly disabled during the waiting period and
Continuously significantly disabled since the end of the waiting period (unless claiming as a recurring claim).

The Living Expense Benefit will be the monthly amount insured. If the life insured is on claim, the monthly benefit payment may be reduced if you or the life insured receive any other money for this disability.

Death Benefit
If the life insured dies or is diagnosed with a terminal illness, OnePath will pay a lump sum equal to 3 times the monthly amount insured. The life insured does not need to be on claim for this benefit to apply.

Built-in features
The following features are built into the Living Expense Cover Plan:

Indexation
To ensure your Living Expense Cover keeps up with the cost of living, OnePath will automatically increase the amount insured each policy anniversary by 5% or the Consumer Price Index (CPI); whichever is the greater.

Waiver of Premiums
If you are on a Living Expense insurance claim, you will not have to pay premiums on your Living Expense Cover. This provides financial relief during a time when affordability is often an issue.

Benefit reductions
OnePath will reduce the monthly amount insured payable in any month by the amount of ‘other payments’ received by you or the life insured for the purpose of income replacement due to illness or injury. ‘Other payments’ include:

payments received from any other disability income, illness or injury policies (including group insurance policies)
Any compulsory insurance schemes such as Workers’ Compensation or Accident Compensation for loss of income
Sick leave payments received

Benefits at an additional cost

Extra Care Cover options
You can increase your protection by adding up to three additional benefits to your Living Expense Cover – Terminal Illness, Extended Needle Stick and Accidental Death Benefits:

Terminal Illness Benefit
Extended needle Stick Benefit
Accidental Death Benefit

OnePath contact number – 133 667

OnePath Product Disclosure Statement – PDS

OnePath website – www.onepath.com.au

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