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Income Security

Your ability to earn an income enables you to maintain your lifestyle and to build wealth for the future. For most people, it is their most valuable asset. MAS offers Income Security insurance, which can pay you a weekly benefit of up to 75% of your pre-disability income if you are unable to work due to sickness or injury.

What’s covered?

  • If your profession’s governing body suspends your practising certificate, a benefit may be payable.
  • If you are hospitalised for more than three consecutive days during the waiting period, we can pay a hospitalisation benefit.
  • If you die while receiving a weekly benefit from your Income Security plan, we will pay $8,000 towards your funeral costs.
  • To help you return to work, we may provide assistance with rehabilitation and retraining costs.
  • If you are planning time away from work for less than 12 months, such as a sabbatical or study leave, you can suspend your Income Security policy.
  • Your Income Security plan provides cover for you anywhere in the world.
  • If you are receiving an Income Security weekly benefit we will automatically adjust the amount of your weekly benefit in line with the consumer price index, on an annual basis.
  • If, after recommencing work, you suffer a relapse of the same condition within six months and go back on claim, we will waive your waiting period. If you become totally disabled within 12 months of being on claim for a condition unrelated to your previous claim, we may also waive your waiting period.
  • Income Security can also cover fixed overhead and continuing business expenses for up to a year if you are unable to work.

Tell me more
We understand that a professional’s income is often complex. It can be earned through multiple sources, can fluctuate from year to year and can depend on other people’s involvement.


The first thing you should do is contact us to talk to one of our advisers. They will help you identify the correct amount of cover and structure a plan to best meet your needs. 





This is a general summary of the key features and benefits of Income Security. For a copy of the policy document, which contains full terms and conditions, please phone 0800 800 627 or email Normal underwriting criteria apply. Some medical conditions may not be covered and there could be a stand down period before payment begins. Pre-existing conditions may be excluded.

 Income Security insurance summary (1.0MB)
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