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Mental Health Discount Option


When you apply for income protection cover, select insurers now offer a mental health discount option, giving you the ability to receive a discount on your premiums.

What is the Mental Health Discount Option?

If your insurer offers a mental health discount option, in order to be eligible for the discount you must select the option at the time you apply for the policy.

Among the select insurers that offer the mental health discount option, there are generally two discount options on the market at the time of writing that allow you to receive a discount on your premiums:

  • You elect not to receive any benefits if you were to suffer from a mental disorder, or

  • You can claim on a mental disorder but your benefit period is generally reduced to a maximum of 24 months in total. If your benefit period is one or two years, the option will generally not apply.

Be Aware

You must be aware that once you choose the mental health discount option that generally you can not remove it from your policy, unless you make a completely new application for a new policy.

  • If you have a history of mental illness and a mental health exclusion is placed on your policy, you will generally not be eligible for the mental health discount option.

  • Ensure you review the mental health section in the relevant Product Disclosure Statement (PDS) to make sure you are aware of all specifications.

What is considered a mental disorder?

An income protection insurer will generally define a mental disorder as:

Any disorder classified in the Diagnostic and Statistical Manual of Mental Disorders published by the American Psychiatric Association which is current at the start of the period of disability.  

Such mental disorders include, but are not limited to:

Stress (including post-traumatic stress), physical symptoms of psychiatric illnesses, anxiety, depression, psychoneurotic, psychotic, personality, emotional or behavioural disorders related to substance abuse and dependency which includes alcohol, drug and chemical abuse dependency.

Alzheimer’s Disease, dementia (except where the dementia is related to any substance abuse or dependency) or any mental disorder caused by head injury are generally not considered by insurers as mental disorder.


If you would like to compare quotes for income protection policies offering a mental health discount cover option, please call us today on 1300 135 205.