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Compare Income Protection Insurance

Compare New Zealand's top insurers and save on income protection policies — side by side, in minutes.

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Under 2 minutes Free & no obligation NZ's leading insurers
Family covered by income protection insurance
Why income protection matters

Protect the income that supports everything else

Your income supports your home, your family, your daily life. If sickness or injury stops you from working, there may be little or no backup income to fall back on.

Income protection insurance is a type of personal income insurance designed to help replace part of your income if illness or injury stops you from working — so your bills, mortgage, and everyday costs don't have to wait.

Sick leave only goes so far

Employer sick leave runs out fast. If an illness or injury keeps you off work for weeks or months, your income can stop long before you're ready to return.

Your bills don't stop

Mortgage, rent, groceries, utilities, and loan repayments — they keep coming regardless of your health.

ACC has gaps

ACC covers accidents. Illness, burnout, stress, and long-term health conditions aren't covered. That's where income protection insurance steps in.

Your savings drain faster than you think

Everyday costs keep running even while you're off work. Without replacement income, savings meant for the future get spent covering the present.

Financial pressure can slow recovery

Without backup income, many people return to work too early — making recovery longer and more costly. Loss-of-income insurance helps bridge that gap.

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Compare before you commit

Compare income insurance plans before you choose

Not all income protection plans are equal. Waiting periods, benefit amounts, policy terms, and exclusions vary significantly across New Zealand's top insurers. A side-by-side income protection insurance comparison before you commit can make a real difference.

Direct to one insurer
  • You may pay $20/month extra without realising it. Over 20 years, that could become $4,800 more in premiums.
  • You only see one company's offer.
  • You may miss stronger benefits for a similar price.
  • You may choose a waiting period that increases your premium.
  • You may overlook exclusions that affect your income protection cover.
  • You may commit before knowing what else is available.
Comparing multiple plans
  • Compare premiums first and choose a better-value income protection insurance.
  • Compare options from multiple NZ insurers offering income protection plans.
  • Compare benefit amounts, features, and policy terms side by side to find the best fit.
  • Compare waiting periods and find a structure that suits your budget.
  • Understand key differences and exclusions before deciding.
  • Choose the best income protection insurance with more confidence before applying.
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How it works

Your income protection insurance comparison in 3 steps

1

Tell us about yourself

Answer a few quick questions about your work, income, and cover needs. Takes under 2 minutes.

2

Compare plans side by side

See income protection insurance from leading NZ insurers — premiums, waiting periods, benefit periods, and key features.

3

Choose the plan that fits you

Review your options and decide when you're ready. No obligation.

About us

About Compare Income Protection

Comparing income protection insurance can be extremely frustrating. This site is designed to give you an idea of what policy may be best for you based on your employment and debt situation.

Comparing insurance companies alone is fine when you're buying on price for simple insurances such as a car or house. But covering your income in New Zealand is a little different, as we have ACC for self-employed and employed Kiwis, which you should consider when buying private cover.

We designed this site to break down the four most common outcomes when buying income protection. Once broken down, you will need to get online advice from one of our dedicated advisers who can help structure your cover in the most cost-effective way.

FAQ

Frequently asked questions

Everything you need to know about income protection insurance in New Zealand.

Who can get income protection insurance in NZ?
Most working New Zealanders can apply, including employees, contractors, and business owners, through major NZ insurers that offer income protection insurance. Eligibility and terms vary by insurer and occupation.
What does income protection cover?
It's designed to replace up to 75% of your income if illness or injury prevents you from working. It does not cover redundancy. This is the core gap that income protection insurance fills.
Does ACC make income protection unnecessary?
ACC covers some accidents and injuries. It does not cover illness, stress, burnout, or long-term health conditions, which is where income protection cover fills the gap.
How much does income protection insurance cost?
Premiums vary based on age, occupation, income, waiting period, and benefit period. Comparing income protection quotes online helps identify the most cost-effective option.
What is a waiting period?
The waiting period is how long you must be unable to work before payments begin. Common options: 4, 8, or 13 weeks. Longer waiting periods generally mean lower premiums.
Is income protection insurance tax-deductible?
In some cases, yes, if the benefit would be taxable income. Speak to an accountant for advice specific to your situation.
What is the difference between agreed value and indemnity cover?
Agreed value pays a pre-agreed monthly benefit regardless of income at claim time. Indemnity value is based on income at the time of claim — important if your income fluctuates.
How do I find the best income protection insurance in New Zealand?
Use compareincomeprotection.co.nz to compare the best income protection insurance in New Zealand from multiple NZ insurers — premiums, waiting periods, benefit periods, and key policy features side by side.

Ready to compare income protection plans?

Don't commit to the first plan you find. Compare income protection insurance from multiple NZ insurers and find the best income protection insurance in New Zealand for you — side by side in minutes.

Compare Income Protection Plans

Comparing is free. No obligation. No pressure.

Compare Income Protection