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Does GIO offer income protection?
If you’re concerned about losing income due to sickness, injury or involuntary redundancy (available through an optional benefit), you may want to consider our Bill Protect policy. You can choose to receive a monthly benefit of between $1,000 and $4,000, over the course of a 6, 12 or 24-month benefit period.
You can also enhance your coverage with the optional Redundancy Benefit, which can offer you some income while you’re looking for work if you are involuntarily unemployed. The optional Redundancy Benefit has a maximum 3-month benefit period and is subject to a 6-month no-claim period from the policy commencement date.
Please refer to the Bill Protect PDS for full terms and conditions