What is best income protection in Australia in 2025-2026 according to Canstar and Finder is TAL, AIA, Zurich, MLC and OnePath, with TAL rated best overall with 4.7 stars for comprehensive cover and claims. Best income protection should pay 70% to 75% of pre-tax income up to $10K to $30K per month if you cannot work due to illness or injury, with waiting period 30 to 90 days and benefit period 2 years to age 65, costing $30 to $100 per month for $5K monthly benefit for 30-year-old non-smoker office job. TAL income protection rated best with 4.7 stars, costing $50 to $80 per month for $5K benefit, offering 75% of income, 30-day waiting, benefit to age 65, plus rehabilitation and partial return to work, with fast claims 14 days. AIA rated best for value with 4.5 stars, $40 to $70 per month for $5K benefit, offering 75% income, 30-day waiting and mental health cover 24 months. Zurich rated best for white collar with 4.6 stars, $60 to $90 per month. MLC and OnePath rated 4.4 stars for comprehensive. For example, 35-year-old earning $80K $6,667 per month, TAL pays $5,000 per month after 30 days if back injury 6 months, total $30K, costing $60 per month. So best income protection is TAL for overall comprehensive, AIA for value and Zurich for white collar, all paying 75% income up to $30K per month, costing $30 to $100 per month for $5K benefit, with 30-day waiting and benefit to age 65.
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