Compare the waiting period, benefit period and percentage of income covered, and check how the policy defines your occupation and disability. Read the exclusions, claim requirements and rules for existing medical conditions, as these can affect whether a claim is accepted. Check whether benefits are offset by sick leave, workers compensation or other payments, and ask about premiums, tax treatment and indexation. A licensed insurance adviser can help assess your circumstances, while the insurer’s Product Disclosure Statement explains the policy’s terms and conditions.