Monthly benefits for some individuals and other new professionals are set to increase with an updated offer for cover. The offer has also included Doctor Registrar among those who may qualify for an Agreed Value monthly benefit of up to $10,000. The increased IP (Agreed) monthly benefits affect:
- Doctor GP from $6,250 to $10,000
- Doctor Intern from $6,250 to $10,000
- Engineer from $3,750 to $5,000
- Accountant (Graduate) from $3,750 to $5,000
- Dentist from $6,250 to $7,500
The offer was made to accommodate graduates and new professionals who used to have difficulty taking on higher cover levels due to unmet financial requirements. Moreover, it is now allowed to combine Agreed Value and Indemnity cover up to the Indemnity cover limit.
Your financial adviser can provide more information regarding the offer and what existing business rules apply.