Insurance Online Income Protection Insurance Calculator
Find out how much monthly disability income protection insurance you qualify for. Use our calculator to estimate cover levels tailored to your income and needs.
Calculator results are estimates only and not quotes. Actual quotes will be provided by licensed brokers after you submit an enquiry.
Simply enter your personal gross income in the space below, select the frequency that you receive your current income and press [calculate] to determine the amount of cover you qualify for.
* Notes:
Most insurers limit the amount of income insurance that you can buy to 75% of your gross income.
If you are self-employed or operate your own business you may qualify for additional cover and benefits.
Your Gross Income figure should represent only your income from personal exertion, not investment income.
This calculator is provided as a rough guide only. You should seek professional advice from a licensed income insurance specialist before making decisions relating to something as important as income protection insurance!
How to use our Income Protection Insurance Calculator
Our Income Protection Insurance Calculator helps you estimate the monthly disability income benefit you may qualify for based on your gross income. This is important because most Australian income protection insurers cap benefits (often around 75 percent of gross income) to reduce over-insurance and to help ensure cover remains affordable. Use this calculator as a starting point to understand potential benefit levels before comparing policy features such as waiting periods, benefit periods and definitions of disability.
How to complete the calculator (step by step)
1. Enter Gross Income
Type your personal gross income before tax. For the most accurate result, use income from personal exertion (salary, wages, regular contracting income). Avoid including investment income or one-off windfalls. If your income varies, consider using an annualised average based on your most recent financial year and current pay pattern.
2. Select Per (income frequency)
Choose how often you receive the income you entered: week, fortnight, twice monthly, month, or year. Match the frequency to the figure you typed. For example, if you entered an annual salary, select year.
3. Calculate your estimate
Select calculate to generate an estimated monthly cover amount you may qualify for, applying common insurer limits.
How to interpret the results
1. Treat the output as an eligibility estimate, not a quote or approval. Actual benefits depend on insurer rules, underwriting, occupation category, medical history, and policy terms.
2. Compare the estimated monthly benefit to your essential monthly expenses (mortgage or rent, groceries, utilities, debts, insurance, childcare). Consider whether you would also need to cover super contributions or rehabilitation costs.
3. Remember real policies can include offsets (for example workers compensation or other benefits), plus waiting period and benefit period choices that materially change cost and suitability.
Important ASIC note: This calculator provides general information only and does not consider your objectives, financial situation or needs. Consider reading the relevant Product Disclosure Statement and Target Market Determination, and seek advice from an appropriately licensed adviser before making a decision.
Australia’s latest financial dispute data has put insurance claims handling back in the spotlight, with consumers and small businesses continuing to seek outside help when problems with insurers cannot be resolved directly. The trend is a timely reminder that an insurance policy should be assessed not only on premium, but also on how clearly it explains cover, how exclusions work, and how effectively claims are managed when pressure is highest. - read more
Australia’s insurance sector is facing a larger contribution to the cost of financial regulation, with ASIC’s 2025–26 industry funding estimates putting insurance levies at $23.838 million. That is a sizeable rise from the $17.608 million levied in 2024–25 and reflects a broader increase in the regulator’s expected cost recovery across the financial system. - read more
A proposed takeover of Steadfast Group has become one of the most closely watched insurance market stories in Australia, after global investment firm KKR joined the consortium seeking to acquire the ASX-listed broker network. The bid, led by Amwins Group and Dragoneer Investment Group, values Steadfast at about A$7.7 billion and remains pitched at A$6 per share. - read more
New modelling released on 7 July 2026 has added momentum to the debate over how New South Wales funds emergency services, with analysis suggesting that removing the Emergency Services Levy from insurance premiums could deliver meaningful savings for many households and businesses. The findings, commissioned by the Insurance Council of Australia and prepared by Lateral Economics, support a shift away from loading the cost onto insurance policies and towards a broader property-based funding model. - read more
Australia’s life insurance sector is facing another important reform moment after the independent review of the Life Insurance Code of Practice released its final report on 30 June 2026. The report, led by former senior regulator Peter Kell, makes 85 recommendations aimed at improving how life insurers communicate, design products, handle claims and support customers who may be vulnerable. - read more
When thinking about the future, it's essential to have a comprehensive strategy that ensures the well-being of your loved ones and the security of your assets. Estate planning and life insurance are two critical pillars in safeguarding your family's financial stability. Despite the complexity often associated with these topics, understanding their importance and implementing them correctly can provide immense peace of mind. - read more
Business insurance can help Australian entrepreneurs manage financial risks linked to accidents, property damage, professional services, business disruption and emerging threats such as cyber incidents. This guide explains the main cover types, key policy terms and practical steps for comparing options without treating insurance as a one-size-fits-all decision. - read more
Welcome to the journey of safeguarding your future! As a young professional in Australia, you're likely juggling the demands of a burgeoning career with personal goals and financial responsibilities. Navigating the world of insurance is critical in creating a safety net around these aspirations. But why exactly is insurance a cornerstone for those entering the professional realm, and how do you discern which coverage best aligns with your unique pathway? - read more
Embarking on an Australian adventure can ignite excitement in the heart of any traveller, but being prepared for the unexpected should be top of mind. Travel insurance is an essential travel companion that safeguards your journey from unforeseeable circumstances. Whether confronting flight cancellations, medical emergencies, or lost luggage, the right travel insurance policy can make a world of difference, offering peace of mind to fully immerse in the Aussie adventure experience. - read more
Embarking on the journey of entrepreneurship entails foreseeing and mitigating risks before they turn into setbacks for your business. In Australia, safeguarding your enterprise with adequate business insurance is not just a regulatory requirement, but also a strategic move to protect your company's future. In this article, we delve into the importance of being fully covered and guide you through the myriad of insurance options suitable for your business venture. - read more
Knowledgebase
Insurance broker: An agent acting on behalf of the insured (not the insurance company) who negotiates the terms and cover provided by the insurer in the insurance policy.
