Canopy Income Protecton (Individual)
by WIP Group
Individual Insurance
AUD 500 /year
AUD 20K
All States
Yes
- Accident and Sickness
- retail
- associations
- unions
Product Overview
Canopy Income Protection (Individual) by WIP Group is designed for Aussies who want to keep their pay coming if they’re off work due to illness or injury. This cover is available for individuals aged 18 to 69, with flexible options to suit different jobs and lifestyles.
About Canopy Income Protection (Individual) by WIP Group
The policy pays 100% of your income for the first six weeks, then up to 85% after that. Waiting periods can be set at 7, 14, or 28 days, and benefit periods run for 6, 12, or 24 months. Cover is available from $500 up to $20,000 per month, with no excess to worry about.
Extra features include a critical illness lump sum, rehab support, and a family care benefit if you need to look after someone at home. You’re covered 24/7, anywhere in the world, and claims are handled through your broker. Canopy Income Protection (Individual) is open to retail workers, union members, and those in associations.
If you want to get a quote or check the finer details, just use the ‘Contact Underwriter for Quote’ function or download the factsheet and policy wording on this page.
Canopy Income Protection (Individual) by WIP Group FAQs
What income protection does not cover in Australia?
Income protection policies in Australia usually do not cover job loss, redundancy, or dismissal, pre-existing medical conditions, self-inflicted injuries, pregnancy (unless there are complications), and criminal acts or illegal activities.
Canopy Income Protection (Individual) by WIP Group follows these standard exclusions, so it is important to check the policy wording for the full list.
What illnesses are covered by income protection?
Income protection usually covers most illnesses that stop you from working, as long as they are not excluded. Covered illnesses can include cancer, heart attack, stroke, and other medical conditions that cause disability. WIP Group’s Canopy Income Protection (Individual) also offers critical illness benefits and covers a wide range of sicknesses but always check the factsheet or policy wording for details.
Are there any waiting periods with this income protection policy?
Yes, Canopy Income Protection (Individual) offers flexible waiting periods to suit different needs. You can choose from 7, 14, or 28 days before benefit payments start after an illness or injury. This allows you to tailor the policy to your own situation and budget, making it a practical choice for many working Australians.
Are there any additional benefits included in the policy?
Canopy Income Protection (Individual) by WIP Group includes several extra benefits beyond standard income replacement. These features help support policyholders and their families during tough times: critical illness lump sum benefit, rehabilitation and return-to-work support, family care benefit if you need to care for a loved one, funeral benefit.
These extras are designed to provide broader support, not just income replacement, when life throws a curveball.
What occupations are covered by Canopy Income Protection (Individual) by WIP Group?
Most occupations are eligible for Canopy Income Protection (Individual), including retail workers, union members, and people in associations. Some high-risk jobs may have special terms or exclusions, so it’s important to check the policy wording for details. This product falls under “Individual insurance,” so if you want to learn more about this line of business, you can check out the individual insurance category page for extra info.
Accident and health
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