AEA-V Income Protection Scheme


Benefits

Features and benefits of the Scheme

  • Automatic acceptance for new members
  • No medicals
  • Only a 30-day wait period
  • Benefits payable for up to two years, ceasing at age 65
  • Premiums are 100% tax-deductible
  • Worldwide cover
  • Premium waiver while receiving benefits
  • Competitive premium rates
  • Benefits are 75% of gross salary
  • Partial disability benefits to assist a return to work at no loss to you after a claim
  • Payment of premium available as pre-tax salary packaging deduction*
Age of member at join/review date
Premium as a % of income
Under 35
1.50%
35 - 39
1.75%
40 - 44
2.00%
45 - 49
2.50%
50 - 54
3.00%
55 and over
3.25%

The above information is only a brief summary of some of the policy benefits and terms and conditions. You should read the Product Disclosure Statement (PDF) to understand the policy and ensure it is appropriate for your needs.

For more information, please call Financial Planning on (03) 9268 9350 or email financialplanning@bankvic.com.au.

* Ambulance Victoria employees only

Things to consider

  • Ongoing AEA-V Income Protection Scheme insurance through Lloyd’s of London via your union.
  • The policy does not cover any injury or illness covered by workers compensation.
  • If you leave the plan, there is no guaranteed option to continue your own individual policy.

Previous advice

10 October 2012
14 September 2012
23 July 2012

How to claim

For claim information, including claim application forms, please call BankVic on (03) 9268 9350.

Please refer to the Product Disclosure Statement (PDF) for further information regarding the Scheme.

Apply now

To apply, complete the relevant form below:

AEA- V Income Protection Scheme application form (for Ambulance Victoria employees) (PDF)

AEA- V Income Protection Scheme application form (non Ambulance Victoria employees) (PDF)


Return your completed form to BankVic via:

Post:

BankVic, Reply Paid 90210, Melbourne VIC 8060, GPO Box 2074, Melbourne VIC 3001

Email:

financialplanning@bankvic.com.au


BSB: 704 230

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