Page 4 - Axicom Salary Continuance Insurance - Staff Insurance

What is Total Disability? How much is payable via the benefit?

You will be considered ‘Totally Disabled’ and receive the 75% of monthly base salary paid after a 30 day wait to
monthly benefit during the payment period if, due to age 65 up to the Automatic Acceptance Limit (AAL) of
injury or sickness, you are: $15,000 per month ($180,000 per annum).

• unable to perform your Own occupation; and Note: As this is an Axicom employee benefit, increasing
• not otherwise gainfully employed; and your cover beyond the AAL through this group policy is
not possible. However you can apply to “top up” your
• under the regular care, following the advice of a cover via an individual policy as relevant.
doctor in relation to the illness or injury claimed

Is there anything else that will reduce
What is Partial Disability? the benefit I receive?

You will be considered ‘Partially Disabled’ and receive a A benefit payment will be reduced by any amounts
proportion of the monthly benefit during the payment payable from the following:
period if due to injury or sickness, you are:
• workers compensation
• totally disabled for at least seven days out of the first
12 consecutive days of the waiting period • statutory compensation, pension, social security or
similar schemes
• disabled for the balance of the waiting period, and
• income benefits from other insurance policies or
• continuously disabled since the end of the waiting superannuation
period
• sick leave entitlements

When do benefit payments start?
What happens if a recurrence of the
A ‘Waiting Period’ occurs before payments commence. same injury or sickness is suffered?
This is the number of consecutive days for which an
insured member must be disabled, before the Total or If a disability recurs within six months of the employee
Partial Disability Benefit is payable. going back to work full time, the disability will be treated
as a continuation of the original disability. No new
The Waiting Period applicable to this policy is 30 days. Waiting Period applies, a claim can be made as soon
It generally starts on the date that you obtain medical as the disability recurs. The cause must be the same or
advice and are confirmed to have a ‘Total/Partial related to the cause of the original Disability.
Disability’ by a doctor. During the waiting period, you are
able to utilise sick leave, annual leave or accrued long
service leave.

How long are benefits payable?

Payable while you continue to be Totally or Partially
Disabled or up to the expiry of the “Benefit Period”,
whichever occurs first. The Benefit Period under this Plan
is to age 65.

04 | Axicom