Asteron income protection

Asteron Lifeguard® is our market-leading and flagship insurance product suite.

Asteron Lifeguard income protection products provide you with affordable and comprehensive cover, with lots of features and benefits that give you more at claim time.

To ensure we can provide cover that suits everyone, Asteron Lifeguard® has a tiered income protection offer:

  1. Income Advantage – our most comprehensive income protection policy for professionals
  2. Income Protector – our flagship income protection policy for just about anyone
  3. Income Shield – our basic income protection offer – it’s affordable and also great for self-managed super funds.

All Asteron Lifeguard income protection policies come with our market-leading 10 Hours definition, which we think is the best definition in the market.

The Asteron 10 Hours difference

Asteron Lifeguard income protection policies let you work (if you can) up to 10 hours per week and we won’t reduce your benefit payment – even if you earn income in those 10 hours.

We think it’s a great way for business owners to keep an eye on things. It also helps people who are off work to slowly transition back to normality. We’re not an insurer who wants to penalise you for living your life.

  • Market-leading 10 Hours definition on all income protection policies.
  • 10 Hours Plus definition on Income Advantage.
  • A choice of waiting periods to help you manage affordability.
  • Partial payments for when you are partially disabled and your income is reduced.
  • Pregnancy premium waiver benefit – premiums waived for 6 months for women on maternity leave.
  • Cover when and where you need it – 24 hour worldwide cover.
  • Cover that keeps up with your ever-changing needs - you can increase your cover without further medical checks if your situation changes, for example if you have a child or take out a mortgage.
  • Support when you need it most - access support services like rehabilitation, retraining and return to work.

Asteron also offers a range of optional extras to help you top up your cover.

  • Options that help you ‘boost’ your income protection payments by 1/3 at claim time, for up to 2 years in certain circumstances
  • Affordable options for medical professionals
  • SuperSaver option that helps you plan for your retirement – allowing you to insure your superannuation contributions too.

View or download the Asteron Lifeguard® PDS

To find out more:

This is general advice and has been prepared without taking account of your objectives, financial situation or needs. Therefore, in deciding whether to acquire or continue to hold this financial product, you should consider the appropriateness of the advice by having regard to your own personal objectives, financial situation and needs. Please consider the Product Disclosure Statement (PDS). Contact us for a copy.

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Asteron is a specialist life insurance company in Australia committed to the long-term financial security of its customers. Asteron provides insurance products and services including income protection, trauma (recovery) insurance, total & permanent disablement, life (death) insurance and business expenses. Asteron is committed to helping customers get – and stay – healthy for life, by giving customers access to a health & wellbeing program - Asteron Life!