- Finder 2024 award winner for best life insurance.
- The cheapest life insurance policy on average in our awards analysis.
- Choice of stepped or level premiums depending on your age.
- 24/7 access to Medibank Nurse to talk about any health concerns.
- If you're a Medibank health member you can get a 10% discount each year.
- Get up to $2.5 million in cover – that's $1 million more than AAMI, Suncorp, ahm, Insuranceline and Zurich.
- 94.9% of claims paid out in the latest period. The industry average is 90.7%.
- Get up to $25 million in cover – most offer up to $1.5 million.
- Above-average claims processing time of 0.9 months. The industry average is 2.5 months.
- ahm offers a competitive cover limit of $1.5 million for death or terminal illness.
- You can increase your life insurance coverage after a major life event without needing to be reassessed.
- Score a 10% discount if you're already an ahm Health Insurance member.
- Your family could have 2 chances to save on its insurance: Your first month is free and, by taking out a second life policy, you can get a 10% discount on that policy.
- Zurich offers premium suspension cover of up to 12 months to help you if you're struggling financially. Most insurers don't offer this.
- A $15,000 payout for funeral costs is competitive.
- You can get back 10% of premiums you've paid in the first month. For us, this is one of the better sign-up offers on the market.
- Children's cover is available on some plans – you can get up to $50,000 for each child insured. Most life insurers don't offer child cover at all.
- No medical assessment (great if you're in good health).
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