Disability Insurance Calculator
Estimate your monthly disability or income protection insurance premium based on income, benefit period, waiting period, and occupation risk class.
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How to use this calculator
- 1
Select your country to apply local disability insurance pricing benchmarks.
- 2
Enter your gross monthly income — the benefit is calculated as 65% of this amount.
- 3
Choose a benefit period: longer periods provide cover for longer but cost more.
- 4
Select your waiting (elimination) period — shorter waits mean higher premiums.
- 5
Pick your occupation risk class based on the physical demands of your job.
Frequently asked questions
What is disability insurance and who needs it?
Disability insurance (called income protection in the UK and Australia) replaces a portion of your income — typically 60–70% — if illness or injury prevents you from working. Anyone who depends on earned income and lacks sufficient savings to cover months or years off work should consider it. It is especially important for self-employed individuals and those without employer sick-pay benefits.
What is an elimination or waiting period?
The elimination period is the time between becoming disabled and when benefits begin. A 30-day waiting period means you start receiving payments after one month; a 90-day wait means you cover the first three months yourself. Choosing a longer waiting period significantly lowers your premium — a 90-day wait typically saves 25% compared to a 30-day wait.
How does occupation class affect my premium?
Insurers classify occupations by the risk of injury or illness causing disability. Office and professional workers (class 1–2) face lower risk and pay lower rates. Manual workers in construction or heavy industry (class 4–5) have higher injury rates and pay premiums that can be double those of office workers.
Is disability insurance provided through work?
Many employers offer group short-term or long-term disability cover, often at subsidised rates. However, group policies may have lower benefit limits and may not be portable if you change jobs. An individual policy provides continuity of cover regardless of employment status.
Disability Insurance Premium Calculator — Income Protection Estimates 2026
How disability insurance premiums are calculated
Disability insurance premiums are based on a percentage of the monthly benefit amount — typically 1–3% per month. The exact rate depends on your occupation risk class, chosen waiting period, and benefit period. A US office worker earning $5,000/month might pay $50–$100/month for a policy covering 65% of income ($3,250/month) with a 90-day wait and coverage to age 65. The same worker with a 30-day wait would pay around 40% more.
Disability insurance across different countries
In the US and Canada, individual disability insurance is widely available through private carriers and employer group plans. In the UK, income protection insurance functions similarly and is often sold as short-term (2-year benefit) or long-term (to age 65) policies. In Australia, income protection and total permanent disability (TPD) cover are commonly bundled inside superannuation funds, which can reduce the after-tax cost. In India, individual disability cover is less common but growing, with group covers common through employers and ESIC for lower-income workers.
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Results are estimates for informational purposes only and do not constitute professional financial, medical, legal, or technical advice. Read full disclaimer →