Page 3 - Axicom Salary Continuance Insurance - Staff Insurance

Salary Continuance Insurance

Axicom offers Salary Continuance Insurance as part of the Employee Benefits
Package. Which means, premiums are paid by your employer. Salary

Continuance provides a replacement income in the event of an illness or injury
that prevents you from being able to perform your usual occupation. The plan
provides full protection whether you are working or not, with coverage 24

hours per day, 7 days a week, worldwide.

What is the benefit? What is an Automatic Acceptance Level
(AAL)?
75% of monthly base salary paid after a 30 day wait to
age 65. An AAL means the maximum amount of benefit specified
in the schedule for which the insurer does not require
evidence of an insured person’s state of health. The AAL
Who is eligible? applicable to this policy has been increased to $15,000

• all current full-time and part-time employees per month ($180,000 per annum).
(working 15 hours or more per week)
• employees who are Australian residents upon How does the plan work?
acceptance
If you become Totally or Partially Disabled, in accordance
• employees aged under 65 years with the terms and conditions of the policy and as a
result of injury or sickness, you will become eligible to
When does cover commence? receive benefits under the policy.

Immediately upon commencement of service for new
employees - subject to the Automatic Acceptance Level Is cover available for pre-existing
(AAL) applicable to this plan and eligibility criteria above. sickness or injury?
Cover is automatic – no requirement for you to complete Yes, all pre-existing conditions are covered in the group
forms. policy up to the Automatic Acceptance Limit of $15,000
per month.

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