WageGuard Cover Options

The following table describes the insurance cover provided by purchasing WageGuard.

For further information, please download a copy of the WageGuard PDS.


Type of Cover Description of Cover
Injury Cover

Provides a fortnightly income benefit if the insured person has been totally or partially disabled due to injury and remains totally or partially disabled after the nominated waiting period. Please note, the greater of 28 days or the nominated waiting period applies to all injury claims arising from any code of football.

Benefits are only payable for an injury which occurs whilst the employee is insured by WageGuard.

At the expiry of the waiting period, benefit payments are paid 14 days in arrears.

Benefits are reduced by statutory income payments such as workers compensation and other income as detailed on page 8 of the PDS. Benefits are also reduced where the insured person is partially disabled and returns to work in a reduced capacity. Examples of benefit calculations are shown on page 12 of the PDS. Complete definitions can be found on page 13 of the PDS.

Sickness Cover

Provides a fortnightly income benefit if the Insured Person has been Totally or Partially Disabled due to Sickness and remains Totally or Partially Disabled after the nominated Waiting Period.

Benefits are only payable for a Sickness which the Insured Person first becomes aware of while covered by WageGuard or during a period of Previous Cover as agreed by Us (see page 13 for an explanation of Previous Cover).

At the expiry of the Waiting Period benefit payments are paid 14 days in arrears.

Benefits are reduced by statutory income payments such as workers compensation and other income as detailed on page 8 of the PDS. Benefits are also reduced where the Insured Person is Partially Disabled and returns to work in a reduced capacity.

Examples of benefit calculations are shown on page 12 of the PDS. Complete definitions can be found on page 13 of the PDS.

Funeral Cover

Provides a payment to contribute to funeral costs if an Insured Person who is in receipt of a Total or Partial Disability benefit dies. The payment is equal to one week’s Total Disability benefit.

Death CoverProvides a lump sum payment of $20,000 to nominated beneficiaries or the estate on the death of an Insured Person. Also provides a lump sum payment of $5,000 in the event of the death of the Insured Person’s Spouse.
Homemaker Assistance

Provides a weekly benefit of up to $200 per week for up to 20 weeks if an Insured Person’s Spouse who performs Homemaker Duties and is not in receipt of any income, suffers an Injury or Sickness lasting for 24 consecutive hours or more. Homemaker assistance is defined on page 13 of the PDS. This benefit is only payable once while the Insured Person is covered under the Policy.

Rehabilitation Assistance

Provides up to $20,000 benefit in respect of insured employees who are in receipt of a total or partial disability benefit, for professional assistance to improve their physical and/or emotional condition. This benefit and the amount payable are at Hannover's absolute discretion.

Return to Work Assistance

Provides up to $20,000 benefit in respect of Insured Persons who are in receipt of a Total or Partial Disability benefit, for professional assistance to improve their physical and/or emotional condition. This benefit and the amount payable are at Hannover’s absolute discretion.

Extended Between Job Cover

Cover for an Insured Person continues for a period of up to 30 days from the date the Insured Person ceases employment with his or her Participating Employer provided the Insured Person has written evidence they accepted a position with another employer prior to ceasing employment. Cover ceases on the earlier of the commencement of the new employment or 30 days.

General Advice Warning

The advice on this website does not take into account any of your particular objectives, financial situation or needs. For this reason, before you act on this advice, you should consider the appropriateness of the advice, taking into account your own objectives, financial situation and needs. Before you make any decisions about whether to acquire the policy, you should obtain and read the Wageguard PDS and the UCover Financial Services Guide. These can be accessed through the downloads page. Call UCover on (02) 9376 7899 if you wish to request a hard copy of these documents.

WageGuard is issued by Hannover Life Re of Australasia Ltd ABN 37 062 395 484.

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