• Income Protection

    Cover for your chosen specialty over your entire medical career



  • Income Protection


    When your income protection plan covers your chosen specialty over your entire career – that’s peace of mind.

    When illness, injury or litigation prevents you from practising in your own specialty, Avant’s Income Protection insurance supports you, paying a monthly benefit up to 75% of your regular income.

    Things to consider when taking out Income Protection

    Doctor-specific insurance benefits

    • You’re covered if you can’t perform the duties specific to your own specialty irrespective of your ability to perform other medical duties.
    • If you contract any type of blood-borne disease and your regulatory body restricts you from practising, you will be protected even if you are fit and healthy.
    • Larger cover increases, more often and without the need for medical tests. Increase your insurance cover by up to 15% every year, as your income grows.
    • For Avant members, a monthly litigation support payment supplements up to 50% of income lost as a consequence of medico-legal events.
    • Maintain full cover if you take an overseas placement or undertake further training or study.

    Market-leading features

    • Provides more cover – up to 75% of your income, including overtime and super, with the ability to insure up to a further 10% for contributions into super (to a maximum benefit of $2,667 per month).
    • Higher monthly benefits – up to $60,000 per month.1
    • You’re covered for longer – receive full benefits up to age 70.
    • Receive an additional $1,000 a day in the event of hospitalisation for more than three consecutive days.
    • Benefit payment is based on your best consecutive 12 months’ income over the last three years.
    • You’re reimbursed for rehabilitation programs to get you back into your specialty sooner.
    • Maintain full insurance cover if you’re working part-time or providing full-time care for young children.
      1. Monthly benefit payments are capped at $30,000 per month after two years of payments for the same illness or injury

    Simple options

    • Your choice of waiting period from 30 days to two years.
    • Options to pay insurance premiums through your self-managed super fund.
    • A range of ownership options to suit your circumstances including self-ownership, or through a company or trust.

    Eligibility

    Avant’s Income Protection plan has been developed by doctors exclusively for doctors. If you are a medical practitioner between the ages of 20 and 60 who is currently employed, you are eligible to apply.

    At the time of application you must be:

    • an Australian resident
    • 20 to 60 years old
    • a registered medical practitioner
    • gainfully employed for at least 20 hours per week.
  • Special offer – get your first month FREE*

    We are currently offering all new Avant Life Insurance customers their first month’s cover for free, if applied for before 31 December 2018.*

  • * Terms and Conditions - The one free month offer is available if you apply for cover before 31 December 2018, and is subject to underwriting and approval. The new customer must set up direct debit when purchasing the policy, as a condition of waiving the first month premium. This offer is not available with other offers and does not apply to plan upgrades. We reserve the right to change the offer conditions at any time.


  • Calculate your insurance needs now >>

  • For full terms, conditions, limitations and eligibility please refer to the relevant Avant Life Insurance Product Disclosure Statement(s) which are available by calling us on 1800 128 268emailing us at avantlife@avant.org.au or schedule an appointment with one of our advisors.
  • Products you may also be interested in...

    Trauma and Children's Cover


    If you suffer a major health trauma, Avant’s Trauma Cover will provide you with the financial resources you need to make lifestyle or career adjustments to help you recover.

    Read more

    Life and TPD Cover


    In the event of death, or when an illness or injury permanently prevent you from practising in your own specialty, Avant’s Life and TPD Cover provides a lump sum benefit.

    Read more