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While Medibank’s priority is helping Aussies live better by getting healthier, it understands that death is a fact of life. That’s why it offers funeral insurance that will pay your family a lump sum to help with your funeral costs when you die.
You can take out cover from $3,000 to $15,000 and best of all, your premiums will go down by 3% every year as long as you hold the policy intact. Plus you get a host of other benefits thrown in, like accidental injury and terminal illness cover.
Medibank Funeral Insurance Deal
Want to win a $2000 EFTPOS gift card? Plus, Medibank health members save 10%
Get a Life, Income Protection or Funeral Insurance quote by 30 August to enter the fortnightly draw. Plus, Medibank health members save 10% every year. T&Cs apply.
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Find out more about funeral protection cover
| Maximum sum insured | $15,000 |
|---|---|
| Age of entry | 18 to 79 |
| How do I apply? | Online with Medibank |
Information last checked on May 2019. Always consult the Product Disclosure Statement (PDS).
Information last checked on May 2019. Always consult the Product Disclosure Statement (PDS).
Note: The following is based on Swiss Re Life & Health Australia Limited. Swiss Re Life & Health Australia Limited is the actual insurer behind brands like Medibank Funeral insurance and a few others.
| Claims data | Swiss | Industry Average |
|---|---|---|
| Average claim time (months) | 0.60 | 0.60 |
| Disputes per 100k lives | 1.60 | 3.40 |
We looked at APRA data for claims over 2017-2018. The statistics above reflect 'funeral insurance' claims.
Medibank is one of Australia's most recognisable companies. While health insurance is where it made its name, Medibank has also been offering life, income protection and funeral insurance since 2007.
The company insures 3.7 million Australians across its entire product range and puts the health of all Aussies at the forefront of what it does. Its vision is "Better Health Better Lives" and it successfully supports Aussies in prevention, treatment and health management.
Medibank also has a strong history of sustainable corporate responsibility, supporting causes like Indigenous health equality, the fight against childhood obesity and the creation of a more environmentally-sustainable future.
World-leading insurance group Swiss Re Life & Health Australia Limited underwrites all of Medibank's life insurance and funeral cover products.
Medibank's funeral insurance will cover the cost of your funeral when you die, and it also includes a number of unique features that sets it apart from similar policies.
Some of the noteworthy features are:
In addition to the benefits mentioned above, Medibank promises that you'll get real value out of your funeral insurance policy with the following guarantees:
Yes. Medibank will give you a 10% discount on your funeral insurance premiums if you also have private health insurance with them. Given that they are one of the largest health insurers in Australia, this makes it easy to bundle your policies.
If your policy is current, Medibank will pay you the appropriate funeral benefit amount if you die, suffer a serious accidental injury or are diagnosed with a terminal illness.
However, within the first 12 months of buying the policy or reinstating a lapsed one, you will be covered for death or injury-related to accidents only. That means you won't be covered for things like suicide or a newly-diagnosed terminal illnesses. However, after those 12 months have passed, you will be covered for those situations.
The accidental serious injury benefit also includes a number of exclusions. You will not be eligible for the accidental serious injury benefit if the injury happens due to the following:
You'll also not be eligible to claim for a funeral or accidental death if you've already received an accidental injury payout for the same accident.
