We can help you with:
- Applying to increase or reduce your level of cover
- Adding or removing a partner or anyone you choose to take out a policy with
- Adding or changing beneficiaries
- Changing your payment frequency
Virgin Income Protection is available to Australian Residents between 18-60 years of age. Applications subject to acceptance. Cover limits, exclusions and conditions apply. Premiums vary depending on personal circumstances and generally increase with age and cover. Please read the Product Disclosure Statement for further information.
This information is of a general nature only and does not take into account your personal financial situation, needs or objectives. For this reason, you should consider the appropriateness of this information, having regard to your personal financial situation, needs and objectives as well as the Product Disclosure Statement and Financial Services Guide before deciding whether to buy or continuing to hold this product. View Privacy & Security information.
Virgin Income Protection and Life Insurance are promoted by Virgin Money (Australia) Pty Limited ABN 75 103 478 897, authorised representative No 280884 of Virgin Money Financial Services Pty Ltd ABN 51 113 285 395 AFSL 286869, and distributed by TAL Direct Pty Limited ABN 39 084 666 017 AFSL 243260. Policies and claims administered under agreement with the insurers, TAL Life Limited ABN 70 050 109 450 AFSL 237848 and for Involuntary Unemployment Cover, St Andrew's Insurance (Australia) Pty Ltd ABN 89 075 044 656 AFSL 239649.
Up to $10,000 per month, up to 85% of pre-tax income available with our Tailored Cover option.
$1 per day could provide $3,000 sickness & injury cover per month, for a 35 year old white collar non-smoker male with a 6 month Benefit Period & 28-day Waiting Period, under Tailored option. For example, $5 a week could provide Sickness & Injury Tailored Cover of $1,500 a month for up to 2 years for a 35 year old male non-smoker, employed in a sedentary white collar occupation, after a 28-day waiting period. Premiums vary depending on personal circumstances and increase with age and level of cover.
On the spot cover for eligible Australian Residents aged 18-60 with our Quick & Easy option. Exclusions apply including pre-existing medical conditions, suicide, and dangerous activities. See the Product Disclosure Statement for more information
TAL Life Limited as issuer of Virgin Life Insurance is a member of the Financial Services Council (FSC) and a participating life insurance member in these initiatives.
In order for Bonus Cover to be payable, a Bonus Cover Event must occur. These are specified illnesses and injuries, set out and defined in the PDS. If a Life Insured’s Sickness or Injury qualifies for Bonus Cover, the Benefit will accrue from the start of the Waiting Period and will be payable after 28 days (provided the Life Insured is continuously Out of Action for this time). Refer to the PDS for details.
Virgin Income Protection's Tailored cover option won the CANSTAR award for Outstanding Value in Direct Income Protection in 2015, 2017, 2018 and 2019. CANSTAR reviewed the combination of product features and price against competitors. Find out more at https://www.canstar.com.au/star-rating-reports/direct-income-protection/
The quoted redemption fares are correct as at 17 December 2018 and are subject to change. Fares are subject to availability, and seats are limited and may not be available at peak times or on all flights. Price is based on a one way or return economy Reward Seat fare or business Reward Seat fare as specified, and must be booked on the Velocity website. Taxes, fees and carrier charges are payable in addition to Velocity Points redeemed and are not eligible for Points earn. Price may vary until ticketed. All payments made on the internet or on the phone via debit/credit card are subject to a payment surcharge between 0.6% to 1.3% of the total value of the card transaction (capped at $70 per passenger per booking). For Rewards Seat bookings on: (i) Virgin Australia operated flights; (ii) Delta Air Lines operated and marketed flights between Sydney and Los Angeles; or, (iii) Etihad Airways operated flights, a carrier charge will apply, view more information here. Add $40 or 5,200 Points for international short haul bookings or $70 or 8,800 Points for international long haul booking per person for bookings made on the phone. A checked baggage allowance is included in your fare, view Reward Seat Baggage Allowances for details. Name changes are not permitted. Other changes, refunds and cancellation are permitted prior to travel and may incur a fee and any applicable fare difference. You may also be entitled to a refund under the Australian Consumer Law in certain circumstances. View the Velocity Rewards Seat fare rules for more information. Some flights may be operated by a partner airline. Different baggage allowances and conditions may apply to these flights. Full terms and conditions at velocityfrequentflyer.com.
For more info on claiming your Income Protection premiums visit https://www.ato.gov.au/Individuals/Income-and-deductions/Deductions-you-can-claim/Other-deductions/Income-protection-insurance
Virgin Income Protection’s Tailored cover option won the Canstar award for Outstanding Value in Direct Income Protection 2015, 2017-2019, the award for Exceptional Value Income Protection Mozo Experts Choice Award 2019, and Best Income Protection in the Finder 2019 Awards. Product reviewed against other insurance providers, for pricing and product features. To find out more visit the Canstar, Mozo and Finder websites.