Asteron Life Complete Income Protection Covers

Asteron Life Complete is our comprehensive suite of life insurance products that can be tailored to suit your needs – allowing you and your family to get more out of every day.

Asteron Life Complete Income Protection Covers provide you with affordable and comprehensive insurance, with lots of features and benefits that give you more at claim time.

To ensure we can provide cover that suits everyone, Asteron Life Complete has three Income Protection Covers:

  1. Income Protection Plus Cover - our most comprehensive Income Protection cover
  2. Income Protection Cover - our Income Protection cover for just about anyone, also available through superannuation
  3. Income Protection - Accident Only Cover - our basic Income Protection cover, which only covers accidental injuries.

Built in benefits

Asteron Life Complete Income Protection Covers let you work (if you can) 10 hours or less per week while Totally Disabled and we won't reduce your benefit payment - even if you earn income in those 10 hours. Other features include:

  • Cover when and where you need it - 24 hour worldwide cover.
  • 3-tier total disability definition for all insurable occupations.
  • Built in benefits against blood born diseases like HIV, hepatitis B and C for medical professional occupation classes.
  • A choice of waiting periods to help you manage affordability.
  • Partial payments for when you are able to work but your income is reduced.
  • Pregnancy premium waiver benefit - premiums waived for 6 months for women who are pregnant.
  • Built in claims indexation, making sure your benefit increases in line with inflation
  • Cover that keeps up with your ever-changing needs - you can increase your cover without further medical checks if your situation changes, for example if you have a child or take out a mortgage.
  • Support when you need it most - access support services like rehabilitation, retraining and return to work.
  • Extensive built in benefits with Income Protection Plus Cover including: Unemployment Benefit, Child Care Reimbursement Benefit, Business Rehabilitation Benefit and Crisis Benefit.

Optional extras to help you top up your cover

  • Booster Option that 'boost' your Income Protection payments by 1/3 at claim time for the first three months 
  • Day 1 Accident Option that pays you your total monthly benefit during the waiting period if you suffered a serious accident 
  • SuperSaver Option that allows you to insure up to 80% of your income
  • Child Cover that allows you to insure your child against certain medical conditions like cancer, meningitis etc.
  • If the basic Income Protection offer is selected, many options are available to build your policy up to a more comprehensive cover.

View or download the Asteron Life Complete PDS

To find out more:


This is general advice and has been prepared without taking account of your objectives, financial situation or needs. Therefore, in deciding whether to acquire or continue to hold this financial product, you should consider the appropriateness of the advice by having regard to your own personal objectives, financial situation and needs. Please consider the Product Disclosure Statement (PDS). Contact us for a copy.

Asteron Life™ is committed to providing customers with long term financial security. We provide life insurance products including Income Protection Covers, Trauma Cover, Total & Permanent Disablement (TPD) Cover, Life Cover and Business Expenses Cover. To obtain a copy of our privacy statement, please contact us on 1800 221 727 or visit the following website to view or download the policy.

Asteron supports and adheres to the Life Insurance Code of Practice (Code). The Code has been developed voluntarily by the Life Insurance industry through the Financial Services Council to promote high standards of service to consumers, provide a benchmark of consistency within the industry, and establish a framework for professional behaviour and responsibilities. Download the Code here. For more information contact the Financial Services Council on (02) 9299 3022 (local call cost), email or visit

© Asteron Life & Superannuation Ltd ABN 87 073 979 530 (Asteron). Registered Office, Level 16, 363 George Street, Sydney NSW 2000

Asteron Life & Superannuation Limited ABN 87 073 979 530, AFSL 229880 (Asteron) is part of the TAL Dai-ichi Life Australia Pty Limited ABN 97 150 070 483 group of companies (TAL). Suncorp Portfolio Services Limited ABN 61 063 427 958, AFSL 237905, RSE Licence No L0002059 (SPSL or Trustee) is part of the Suncorp group of companies (Suncorp). SPSL is a related body corporate of Suncorp Group Limited ABN 66 145 290 124 and Suncorp-Metway Limited ABN 66 010 831 722 (Suncorp Bank) (Suncorp). This product is not a bank deposit or other bank liability of the Suncorp Bank. The obligations of the different entities of TAL and Suncorp are not guaranteed by other entities