Income Protection Claims
Income Protection Claims
Income Protection insurance, also known as salary continuance insurance, may be attached to a superannuation policy or obtained directly from an insurer, and pays a monthly benefit if you have, as a result of injury or illness, become unable to perform the important duties of your own occupation are not engaged in any other occupation.
Income protection insurance may also pay a monthly benefit in circumstances where you are partially disabled from working in your usual occupation.
ARE YOU ELIGIBLE
TO MAKE A CLAIM?
To be eligible to lodge an income protection claim, you first need to ensure cover was active at the date you became totally or partially disabled from performing your own occupation.
Next, we will need to refer to your superannuation policy or insurance policy schedule to determine your waiting period, which can typically range from 12 to 90 days. The waiting period is the period of time you must wait from when you become unable to work before you are eligible to lodge a claim for total or partial disability benefits thereafter.
It’s important however, to always check the terms of your policy to note any additional requirements as part of your cover.
WHAT ARE YOU
ABLE TO CLAIM?
Generally, you are able to claim a monthly benefit or a percentage of your pre-disability income in the event you are totally or partially disabled from working in your own occupation. If you have been off work for longer than your waiting period and are yet to claim, you may be entitled to claim benefits retrospectively.
WHEN SHOULD YOU CONSULT A LAWYER ABOUT MAKING A CLAIM?
You should contact Brydens Lawyers as soon as you have ceased working because of a medical condition so that we can make enquiries with your superannuation fund or insurer in regard to your level of cover.
You may also wish to consider obtaining legal advice if you have had your income protection claim declined or if an insurer disputes its liability to continue making payments under an existing policy.
WHAT IS YOUR
If you have suffered an injury or an illness, it is important that you seek appropriate medical treatment as soon as possible and continue to receive treatment as recommended by your healthcare professional.
Check your records for any superannuation fund statements or insurance policy documents and contact Brydens Lawyers for a free consultation.
WHY ARE BRYDEN’S LAWYERS THE RIGHT REPRESENTATION FOR YOU?
We are experts in interpreting complex policy documents and have a thorough understanding of the claims administration process. We are able to guide our clients through the claims process, ensuring maximum benefits are paid under an income protection policy.
Our lawyers will assist you in simplifying the claims process by looking after an insurance claim with a super fund/insurer from start to finish, which includes making initial investigations, reviewing applicable policy document(s), liaising with doctors and other third parties to obtain relevant evidence, and communicating with the superannuation fund/insurer throughout the duration of the claim process.
WE DO INCOME PROTECTION CLAIMS WELL. HERE ARE SOME EXAMPLES:
We are experienced in claiming income protection benefits via superannuation and personal disability insurance policies, including where applicable, ancillary benefits payable under certain retail insurance policies.
We have also successfully acted in connection with many income protection disputes, including where a claim has been declined, or where benefits have been limited or reduced for example, by way of formal written submissions and court proceedings where appropriate.
LATEST NEWS FROM LEE
Superannuation, as we know, is a legal obligation on the part of all employers to contribute a minimum percentage of each employee's earnings to a compliant superannuation fund or retirement savings account. Currently the superannuation guarantee contribution rate is 9.5% of a worker’s ordinary time earnings.This rate will increase by 0.5% on 1 July 2021. Further increments will apply annually up until 2025/26 when ultimately the superannuation guarantee rate will be set at 12%.
This of course is good news for all employees. It is however only good news if the superannuation guarantee rate is in fact paid by the employer.
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