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Ezicover Income Protection

Do you know how you'll pay your bills and expenses if you temporarily stop work because of an accident or illness? Ezicover Income Protection pays you a monthly benefit comprising up to 70 per cent of your pre-disability income (maximum $12,000 per month) for a specified period so you can focus on your recovery. Plus, the first month's premium is free for all Ezicover applicants.disclaimer

Our partnership with Zurich

ANZ has partnered with Zurich who is one of Australia's largest and most experienced life insurers. Visit Zurich for more information and to get a quote today.

How to get a quote

Why choose Ezicover?

Cover up to $12,000 per month

Get a monthly payment up to 70% of your pre-disability income (maximum $12,000 per month) if you are unable to work due to sickness or injury for longer than the chosen waiting period.

Save on premiums and tax

All applicants will get the first month's premium waived, and save 5.7% if you choose to pay premiums annually. Receive an extra 5% discount if you also have an Ezicover Life Insurance policy, and your Income Protection policy premiums can generally be claimed as a tax deduction.disclaimer

Monthly benefit up to five years

You can choose a benefit period of one, two or five years and get monthly payments up to your chosen period if you're unable to work due to sickness or injury once your waiting period has passed.


Other benefits

  • You're covered 24/7, anywhere in the world. Note you won't be covered if you choose to travel to countries the Australian government has advised against travelling to
  • Your premiums will be waived while you're on claim
  • If experiencing financial pressure, you can temporarily reduce your level of cover and premiums to give yourself some breathing space
  • A straightforward claims process – so that you can focus on your recovery

What's covered?

Two levels of cover available

  • Sickness & Injury Cover - can pay a monthly benefit while you are disabled and unable to work in any occupation solely due to sickness or injury once your chosen waiting period has passed.
  • Injury Only Cover - can pay a monthly benefit while you're disabled and unable to work in any occupation solely due to injury, once your chosen waiting period has passed. Additionally, this cover may still be available if you are unable to apply for Sickness & Injury cover.

What's not covered?

Zurich won't pay a benefit or claim as a result of circumstances such as:

  • involuntary unemployment
  • an intentional self-inflicted act
  • attempted suicide, or
  • committing, being involved in, or attempting to commit a criminal offense

Please read the Ezicover Income Protection Product Disclosure Statement (PDF) for further information, including a full list of exclusions. A copy of the Target Market Determination (PDF) for the product is available here.

Getting a quote from Zurich

By continuing through to Zurich you agree that you have read and understood ANZ's Privacy Policy which tells you how your personal information will be handled.

Who can apply?

To apply for Ezicover Income Protection you must be aged between 19 and 60, be an Australian citizen or hold permanent resident status of Australia, and reside in Australia on a permanent basis.

You are eligible to apply for this cover type if:

  • you are employed in a permanent position and are working between 20 and 60 hours per week, or
  • you are employed in a non-permanent position or are self-employed, and have been working between 20 and 60 hours per week and with consistent income for at least the last two years

Before taking out any type of insurance, it's important to make sure you have the financial capacity to pay monthly premiums on an ongoing basis. Once you receive a quote, consider if it fits into your budget and that premiums will generally increase each year as you get older.

Continue to to get a quote

If you proceed to take out an Ezicover product, your information will be collected in accordance with Zurich's Privacy Statement and you give Zurich permission to share some information with us. This is to ensure we don't send you direct marketing about life insurance in future. The information will include:

  • Name
  • Post code
  • Policy number and product type
  • Email address


Get a quote online

Do you have ANZ Income Protection?

We no longer offer this insurance product to new customers. However, if you're an existing ANZ Income Protection customer you can still make a claim or check out ANZ Income Protection Product Disclosure Statement and Policy Document (PDS dated 1 June 2019) (PDF) for product information.

This PDS only applies to polices purchased after 1 June 2019.

Need to make an ANZ Income Protection claim now?

If you have ANZ Income Protection and want to make a claim or ask a question about your policy, please call 13 16 14 weekdays 9am to 5pm (AEST).

Life insurance explained

Did you know life insurance refers to a category of insurance as well as a specific product?

To help you get clarity – here's a quick breakdown…

  • Life insurance can provide a lump sum payment if you die or are diagnosed as terminally ill. Commitments like your mortgage, school fees for the kids and other debts can be covered under life insurance. Add these responsibilities up as a starting point for how much cover you may need here.
  • Critical Illness is also known as Trauma Insurance. This can provide a lump sum payment if you suffer a serious medical issue like a severe injury,  cancer or a heart attack. 
  • Income protection offers up to 70% of your income if you can't work due to a serious illness or injury. This replaces your income while you're off work by providing a monthly benefit payment. Add up your monthly household expenses to get an idea of how much cover you may need.
  • And Total and Permanent Disability (TPD) is cover if you're unable to ever work again as a result of illness or injury. The amount of cover needed may be similar to the life insurance amount.

Income protection FAQs

Frequently asked questions

Income protection insurance, sometimes known as income insurance, is designed to replace part of your income to make sure money is still coming in, even if you can't work. Generally, income protection insurance can provide you with up to 70 per cent of your regular income for a specified period of time – called the benefit period. The amount you receive each month is based on the income you earned over the previous 12 to 24 months.

In some circumstances - yes. If your policy sits outside of your super fund, you may be entitled.  The Australian Taxation Office (ATO) states that if you take out a policy from an approved Australian provider, you can claim the cost of premiums you pay for insurance against the loss of your income. 

However, you should seek tax advice that is specific to your personal circumstances from a tax adviser or registered tax agent before assuming you will be able to make a tax deduction.

If you're forced to take time off work because of illness or injury, you may struggle to pay for everyday expenses such as your mortgage, rent, groceries or school fees. Income protection insurance provides you with regular payments to help meet these expenses.

You can increase or decrease your amount of cover at any time if your earnings rise or fall. To increase your income cover, you usually need to confirm:

  • your occupation, employment status and number of hours worked each week
  • your new income
  • your health status

If you reduce your amount of cover, benefit period or increase your waiting period, you may not be able to reverse these at a later date.

If you need to make a claim, you must notify both your employer (unless you are self-employed) and your insurer as soon as possible as there are time limits around lodging a claim. Your insurer will send you the relevant forms, and if your claim is accepted, you will be paid monthly in arrears. Your claim will also be reviewed every month to determine your ongoing eligibility. This may include you needing to provide a doctor's report.

Being out of work for even a short period because of an accident or illness can have serious financial consequences, such as needing to sell the family home or having to take out loans to pay your bills. The monthly benefit an income protection insurance policy delivers can help you and your family stay afloat while you're out of action – and this can help you to return to normal life quicker.

You can adapt your policy to suit your individual circumstances. For example, you can choose to pay a higher premium, so your policy starts paying out after 30 days (if you're still unable to work), or opt to reduce your premiums by extending this period to up to 90 days. You can also select a policy that will pay a benefit for up to one, two or five years. The longer the payment period the higher the premium.

Income protection insurance pays part of your lost income if you're unable to work because of a disability caused by illness or injury. It can help pay the bills so you can focus on getting better.

This will depend on the insurer and type of income protection policy you take out. According to MoneySmart, most income protection policies offer a waiting period between 14 days and two years. You must be unable to work as a result of your illness or injury at the end of the waiting period to be eligible for payments.

This depends on several factors such as your age, job, current health and how long you want to receive benefits should you need to claim. To figure out how much protection you need add up monthly household expenses including debt repayments, groceries, bills, school fees and the like and you'll have an idea of how much you’ll need to be paid at claim time.

In general, most income protection policies offer benefit periods of two or five years, or up to a specific age. If you chose a longer benefit period, you will pay higher premiums but it also means you'll receive a monthly benefit for longer if you claim is approved.

Income protection insurance is exempt from GST in Australia, as it is classified as a financial service.

In general, you can claim as many times as you need to. It's important to check out the Product Disclosure Statement (PDS) and Financial Services Guide (FSG) of the insurer to understand the finer details, and when you can and can't claim.

There are a couple of steps to take to cancel an income protection policy. Firstly, the person covered by the policy needs to contact their insurer informing them of the decision to cancel. Then the request must be made in writing, some insurers may need a particular form filled out. Submit all the relevant paperwork and the insurer will confirm once the policy is cancelled.

Income protection tips and guides


Income protection insurance FAQs

See the frequently asked questions about income protection including cover length, waiting periods, exclusions and costs.



Seven benefits of income protection insurance

Learn about the benefits of an income protection policy, what the protection offers, how you can use it, and tax considerations.



Is income protection tax deductible?

Find out how the costs directly related to you being able to earn an income are allowable as a tax deduction.



Does my insurance cover me for redundancy?

Some policies include cover for involuntary redundancy. Understand your options, who can be insured, cover amounts, and more.


Get your income protection sorted now

Get a quote and apply

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We're available to chat at a time that suits you.

Call 13 16 14

Monday - Friday, 9am - 5pm (Sydney/Melbourne)

Income protection FAQs

Read our commonly asked questions about income protection.

Read our FAQs

This information was published on 1 December 2023 and is subject to change.

The issuer of this information is ANZ. While ANZ has taken care to ensure that this information is from reliable sources, it cannot warrant its accuracy, completeness or suitability for your intended use. To the extent permitted by law, ANZ does not accept any responsibility or liability arising from your use of this information.

The Ezicover insurance products described on this website are issued by Zurich Australia Limited (Zurich), ABN 92 000 010 195, AFSL 232510 of 118 Mount Street, North Sydney, NSW 2060. Ezicover is a registered trademark of Zurich. ANZ has entered into a long-term strategic alliance agreement with Zurich. The content on this page relates to policies issued from 27 September 2021 under the Ezicover Income Protection Product Disclosure Statemen (PDF) (PDS). Please read the PDS and Target Market Determination (PDF) before applying. If you buy a Zurich Ezicover policy ANZ receives 20% commission (excluding government charges) of your insurance premium.

The above content relates to policies issued from 1 June 2019 under the ANZ Income Protection Product Disclosure Statement and Policy Document (PDF), and is current as of today. Previous products (with the same name) may have different features and benefits. If you are an existing customer, please contact us if you have any questions about your cover.

ANZ Income Protection covers two separate financial products – Income Cover is issued by Zurich Australia Limited ABN 92 000 010 195 AFSL 232510 and Involuntary Unemployment and Family Care Cover are issued by Zurich Australian Insurance Limited ABN 13 000 296 640 AFSL 232507. Australia and New Zealand Banking Group Limited (ANZ) ABN 11 005 357 522 distributed this product. We recommend that you read the  ANZ Financial Services Guide (PDF) and ANZ Income Protection Product Disclosure Statement and Policy Document (PDF) (available online or by calling 13 16 14) before deciding whether to continue to hold this product. This PDS relates to policies issued from 1 June 2019. Previous products (with the same name) may have different features and benefits. If you hold insurance based on an earlier PDS, please contact us if you have any questions or to have a PDS sent to you.

Australia and New Zealand Banking Group Limited (ANZ) (ABN 11 005 357 522, AFSL 234 527) is an authorised deposit taking institution (Bank) under the Banking Act 1959 (Cth). The issuers of these products are not Banks. Although ANZ distributed these products and except as described in the relevant PDS, ANZ does not stand behind or guarantee the issuers or the products.

This information is of a general nature and has been prepared without taking account of your personal objectives, financial situation or needs. Before acting on the information, you should consider whether the information is appropriate for you having regard to your objectives, financial situation and needs.

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Be sure to read the Ezicover Income Protection Product Disclosure Statement (PDF) to understand the types of accidents, sicknesses or injuries that are covered.


Taxation law is complex and this information is our interpretation of the law. It has been prepared as a guide only and does not represent tax advice. You should seek independent tax advice specific to your individual circumstances from a tax adviser or registered tax agent.