Income Protection Summary Frequently Asked Questions

Answers to your FAQs about getting your Income Protection summary.
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Frequently Asked Questions

What is an Income Protection Summary?

An Income Protection summary (IP summary) is a document that contains information regarding the amounts you have paid for your Income Protection policy during the financial year ending 30 June 2025. We recommend you take this IP summary to a registered tax agent when preparing your tax return.

I haven’t yet received my IP Summary. Who do I contact about this?

There are a few reasons you may not receive an IP summary including:

  • Your Income Protection cover is funded through superannuation;
  • You did not pay any premiums during the 2024-2025 financial year; and/or
  • You made an Income Protection claim during the 2024-2025 financial year.

You may wish to check with your financial adviser to understand whether any of the above applies to you.

Will I receive an IP summary for my Life Insurance, TPD or Trauma Insurance policies?

No, you will not receive an IP summary for any other insurance policies. Summaries are only available for Non-Super Income Protection policies, as these premiums may be tax-deductible.

If you hold Life or TPD insurance through your superannuation fund, you may receive an annual member statement from your fund. This will show insurance premiums paid, but these are typically not tax-deductible for individuals.

For information specific to your circumstances – including what may be deductible – please speak with your financial adviser or tax agent.

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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.

2024 © TAL Services Limited is a Dai-ichi Life Group Company.

The information provided on this website is general advice only and does not take into account your individual needs, objectives or financial situation. You should consider the appropriateness of the advice, having regard to those matters, and read the relevant Product Disclosure Statement (PDS) before making a decision to purchase or continue to hold a product. The Target Market Determination (TMD), where applicable, for the product is also available.

ASTERON LIFE™ INSURANCE
TAL Life Limited ABN 70 050 109 450 AFSL 237848 (TAL Life) is the issuer of Asteron Life™ insurance products. TAL Life is proud to have adopted the Life Insurance Code of Practice (the Code) and to have played a leading role in its creation. The Code is the life insurance industry’s commitment to mandatory customer service standards and it’s designed to protect you. You can read the Code of Practice or find out more about it on the Council of Australian Life Insurers (CALI) website.

‘Asteron Life’ and the Asteron Life device are registered trademarks of TAL Services Limited ABN 60 076 105 130 (TAL Services). TAL Services and TAL Life are part of the TAL Dai-ichi Life Australia Pty Limited ABN 97 150 070 483 group of companies (TAL). The different entities of the TAL group of companies are not responsible for, or liable in respect of, products and services provided by the other.

SUPERANNUATION
Asteron Life superannuation products are issued by LGIAsuper Trustee ABN 94 085 088 484 AFSL 230511 as trustee for LGIAsuper ABN 23 053 121 564 RSE R1000160, trading as Brighter Super (Brighter Super). Insurance and/or administration services are provided to Brighter Super by TAL Life. Brighter Super is not part of the TAL Group of companies and uses the Asteron Life brand under licence from TAL. The different entities of the Brighter Super Group and the TAL Group of companies do not guarantee, are not responsible for, or liable in respect of, products and services provided by the other.