- Apia premiums are capped when you turn 85. This should mean you never end up paying more than your final benefit.
- Other strong policy features with this provider include an early payout option, terminal illness cover and the change to score a premium discount.
- Apia isn't the only brand to offer up to a $15,000 benefit – this is the industry standard.

Funeral insurance
- Accidental Death. Any cause of death is covered after the first 12 months of cover.
- Benefit amount. Apia Funeral Insurance offers between $3,000 – $15,000. This can be increased to up to $25,000 once your policy is in place.
- Payout within 24 hours. Payment is usually made within 24 hours of an approved claim.
- Add a family member to your policy. You can get a 5% discount when you add another adult aged between 45 and 80 who is an Australian resident.
- 10% Bonus Cover after 5 years. This is provided at no extra cost.
- Early payout option. Receive 120% of your average cover amount after your 85th birthday. However, there are income tax implications you should consider before claiming this option.
- Annual premium discount. You'll only pay 11 months instead of 12 if you pay for the year.
Note: Be sure to check the Product Disclosure Statement (PDS) for terms and conditions.

Eligibility
Generally, applicants can apply for APIA Funeral Insurance if they meet the following requirements:
- Age. Be between 45 and 80 years of age.
- Citizen. Be an Australian citizen, permanent resident of Australia or New Zealand citizen.
- Require cover. You should need or expect to need to pay for your funeral to be suitable for cover. It's not suitable if you simply want to save for a funeral.
Still wondering if Apia is right for you? Here are the main pros and cons summarised:
Pros
- The premium cap is good because it means you won't pay than your final benefit.
- Premiums are waived after you turn 85.
Cons
- It's not generally suitable for Australian residents under 45.
- You need to be an Australian resident to apply.
The surviving policyholder or legal personal representative or nominated beneficiary needs to contact Apia Funeral Insurance after an insurable event occurs.
- Apia Funeral Insurance will send a claim pack, which would mention the information required for processing the claim
- Once the claim is approved the payments are usually made within 24 hours
Apia won't pay out a claim for the following reasons:
- No payout if you die during the first 12 months.
- Limited payouts on Accidental Death. You won't be covered if your death is the result of:
- Suicide or an intentional self-inflicted act
- Participation in any criminal activity
- Being under the influence of alcohol or drugs
- War
- Undertaking a dangerous occupation
- Participation in dangerous pursuits