CBA income protection helps you stay afloat (pay mortgage or rent, pay utilities, cover current expenditures, etc.) due to loss of income due to sickness or accident up to 70% of your gains, but no more than 10,000 AUD monthly.
The income protection payments may be tax deductible.
You can choose the disability benefit payout period: 6 months, 1 or 2 years.
A customer of Commonwealth can get a quote for income protection with AIA Australia and apply for it in the mobile app or online banking within 15 minutes.
If you have additional questions, please call 1800-491-588 on Monday-Friday, from 9 am to 5 pm.
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