HR Glossary

What is Income Protection Insurance (UK / Australia)?

A long-term insurance product common in the UK and Australia that replaces up to 75% of an employee's pre-tax income when they can't work due to illness or injury, often provided through employer group schemes or Australian superannuation funds.

Why it matters in hiring

Income Protection Insurance (UK / Australia) comes up whenever teams compare candidates, set policy or report on people data. Getting the definition right keeps decisions consistent, which is the same reason springhire scores every applicant against the same criteria rather than on impression.

Related terms starting with I

• I-9 Form
• Implicit Bias
• Incentive Pay
• Independent Contractor
• Induction Program
• Industrial Disputes Act
• Internal Mobility
• Internal Recruitment

Part of the springhire HR glossary, 1,150+ HR, payroll and recruiting terms defined. Free, no signup.