Income Insurance Australia :: Podcasts

Income Insurance Australia Weekly News insights

Each week, we sift the Australian income protection landscape: policy and regulation updates, insurer moves, claim trends, and workplace risk stories. Get clear, plain-English takeaways, myth-busting context, and what changing rules may mean for employees, sole traders, and gig workers. It’s a trustworthy, industry-specific news wrap to keep your household income know-how sharp without the jargon. Expect concise interviews and pointers to credible sources so you can stay prepared.

This Week:

This week: Super fund insurance premiums are rising from 30 May, with large increases for life, TPD and income protection. An AFCA ruling confirms income protection benefits can be paused and reduced while CTP payments are verified, reinforcing the importance of disclosing other income sources. A Queensland Appeal Court says psychiatric injury must be assessed separately from a back‑injury workers comp claim, highlighting the need for clear medical evidence and policy definitions. And concussion claims are climbing, with some group programs excluding certain concussion injuries, so listeners should check sport and concussion wording in their cover. Visit income-insurance.com.au for tailored help.

Read Full Transcript:

Hello and welcome to Income Insurance Australia Weekly News insights, Im Paige Estritori, its Sunday 26 April 2026. First, insurance inside super is getting pricier. One of Australias biggest super funds has told members premiums will jump from 30 May — around 20% for life cover, about 40% for total and permanent disability, and up to 38% for income protection. Rising mental‑health claims are a big driver. If you rely on default cover through super, check what you have, what it costs, and whether a standalone income protection policy with the right waiting and benefit periods could fit your budget and needs. Next up, an AFCA decision — thats the Australian Financial Complaints Authority — has confirmed how offsets work on income protection claims. In a case involving compulsory third party, or CTP, payments after a car accident, the insurer could pause benefits while it verified other income and then reduce the monthly payout in line with the policy. Practical point: keep records of any payments from other sources and disclose them early, because most IP policies will offset these. Meanwhile, a Queensland Appeal Court ruling says a psychiatric injury cant just be tacked onto a physical back‑injury workers comp claim. It has to be assessed as a separate injury under the law. For anyone juggling a physical injury and mental‑health symptoms, expect separate evidence and timelines. For income insurance, that means reading your definitions carefully and making sure your medical notes line up with how your policy describes each condition. And a trend to watch: lawyers warn concussion‑related claims are rising beyond professional sport as awareness grows. Some group programs have already moved to exclude certain concussion injuries. If you play contact sport or coach on weekends, scan your policy for sport and concussion wording, any exclusions, and how medical evidence is handled. If in doubt, get help comparing options so your cover still replaces your income if you cant work. Thats the wrap. For clear, tailored help comparing income insurance and checking your settings, visit income-insurance.com.au and tap Get Your Free Income Insurance Assessment. Im Paige, talk to you next week.

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