Why choose HBF Income Protection insurance?

  • Tailored cover

    You can tailor your cover to suit your lifestyle and budget. Get cover up to 75% of your pre-disability income1

  • Worldwide cover 24/7

    You’ll be covered wherever you are in the world, 24 hours a day, 7 days a week. Exclusions apply2

  • Inflation protection

    Inflation protection is available to help protect against the effect of inflation on your covered amount

  • Tax deductible

    Premiums are generally tax deductible

  • No medicals required

    Generally, you won’t need a medical to take out cover

  • 1st month for $0

    Your first month’s premium is waived

Download Ezicover Income Protection Product Disclosure Statement

Calculating your claim benefit

Examples for calculating your benefit

Example 1 - Including a regular offset payment

Cover Type
Pre‑disability Income
Monthly sum insured on Policy schedule
Offsets - Other income received?
Calculation
Payable monthly benefit
Sickness & Injury or Injury Only
$7,500 per month
$5,625
Income from other source of $500 per month
75% of pre-disability income minus any offsets
(75% x $7,500) - $500 = $5,625 - $500 = $5,125

Example 2 - Including a subsequent significant offset payment received during the benefit period (5 years / 60 months)

Cover Type
Monthly benefits paid
Offset payment received (at 18 months)
Calculation of remaining benefit period
Calculation of future monthly reduction in payments
New payable monthly benefit
Sickness & Injury or Injury Only
$5,125 received for first 18 months of claim
$50,000
60 - 18 months = 42 months
$50,000 / 42 = $1,190
$5,125 - $1,190 = $3,935



Trust your income with HBF

Trust HBF to help look after your family

With HBF Ezicover Income Protection, you can relax knowing your family could be financially protected if you can’t work due to illness or injury. Plus, get 5% off if you already have HBF Ezicover Life Insurance.

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Important

Please confirm to continue

- HBF Combined Product Disclosure Statement and Financial Services Guide. ; and
- General advice letter .

Please confirm you have read the documents
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