
Income
protection cover
Our income protection insurance provides you with the certainty of a monthly income if you cannot work due to illness, impairment or disability.
Calculate your personalised income protection premium discount of up to 35% with LifeReturns® to save on your monthly premiums. LifeReturns® is a modern approach to calculating maximum discounts on your monthly income protection premium using the latest digital technology to quickly and accurately assess your health risk factors that are used to calculate your monthly premium price.
- If you're permanently unable to work, we will pay up to 100% of your net income until you retire.
- Get your discounted income protection quote in 3 minutes.
- Save up to 35% on your monthly premium with a personalised LifeReturns® premium discount.
What’s the difference between life insurance cover and income protection cover?
Income protection cover provides an income if you cannot work due to illness, impairment or disability.
Many people assume they’ll continue to earn an income until they retire. But what if something happens to you and you’re unable to work? Income certainty determines your quality of life and your family’s financial security.
Without an income, you would struggle to pay for your financial expenses like school fees or bond repayments. Income protection cover will give you peace of mind that your financial expenses will be taken care of.
Life cover gives you peace of mind that your loved ones will be financially provided for in the event of your death. You can take out both income protection cover and life cover with Momentum.
How does income protection cover work?
Offers protection when you're permanently or temporarily unable to work in your current occupation.
If a broken leg keeps you from work for 3 months, for example, you must still pay the bills and get the children to school. Income protection cover can help you to do that.
Myriad complete income protector benefit will pay up to 100% of your income for up to 24 months, depending on the cover period you choose, or until you recover. If you’re permanently unable to work, we will pay up to 100% of your net income until you retire.
Want to know more?
Claims and payouts
Cover term and amount
Additional benefits
You can add these benefits to your Myriad Complete Income Protector Benefit. Discuss the advantages of taking out any additional benefits with a certified financial adviser.

Permanent Disability Enhancer
Income protection cover combined with the Permanent Disability Enhancer (PDE) gives you the best features of both income and lump sum disability cover in one solution. What’s more, you get to choose the type of payout that works for you. You can choose between a monthly income, a lump-sum payout, or a combination.

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