May want to consider having the income protection insurance outside the super in your name directly. I've been told it can be hard to access within the super account, especially as if you are in need of it - chances are you don't want to put up with a hassle and struggle to get it out of there.
I actually got my income protection outside super.
I did this because from memory there could be issues paying myself from my SMSF if I got sick. There are better tax savings doing it this way as well.
The best income protection policy for me was with Tower and for life was with ING.
I found that even though a combined Income protection + Life was cheaper the products weren't as good so I chose different products and went with 2 different companies.
I also didn't take the TPD because I felt that the risk for me was very low.
If you are concerned of the costs, you could maintain a small $ balance in an industry super fund and leave that money in cash or some similar plan which hasn't got high fees and therefore qualify for insurance through them.
I hope this helps.
So am looking at Income and Life insurance.
In the current business climate I am wandering if any companies offer redundancy insurance or in the case of losing a job ?