"Premiums A premium is the amount you pay to the insurance company in order to secure your income protection. The minimum premium for most companies is usually around $240 per year if you pay your premiums monthly and $200 per year if you pay the insurance company an annual lump sum."
You don't get much for that premium!!!
My income protection is through my super fund. It's probably not as good as the others but i would rather make some use of that money as i may never see it.
