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ahm life insurance review

ahm life insurance lets you take advantage of policy add-ons such as critical illness, TPD and child cover. Plus, its maximum cover level of $1,500,000 isn’t too far behind the biggest brands in the market.

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Our verdict

  • ahm offers a competitive cover limit of $1.5 million for death or terminal illness. The most you can be paid out for TPD insurance – an optional cover – is $1 million. This is decent but isn’t as generous as TAL, NobleOak or RAC.
  • 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.
  • Higher maximum cover rates can be found with the likes of NobleOak and Medibank. In NobleOak's case, this can go up to $25 million.
  • ahm doesn't offer "level premiums" and so as your policy cover amount increases by 3% each year, your premium will also go up. That said, you can opt out of automatic increases by contacting ahm.

Maximum Cover


Maximum Age


Total & Permanent Disability Cover

Trauma Cover


10% off for ahm health members

ahm health members save 10% on their life insurance premiums.

Save 10% on your first year

Expires 31 Jul 2024
When you apply by 1 July 2024. T&Cs apply.

Compare key features of ahm life insurance and get a quote today

Name Product Maximum Cover Maximum Entry Age Terminal Illness Benefit Claims Acceptance Rate Average Claim Time Sum Insured
ahm Life Insurance
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Our verdict: ahm offers a simple application process. You can be approved online or over the phone. There are no medical or blood tests needed.

⭐ Current offer: Get 10% off your first year of ahm Life Insurance when you apply by 31 July 2024. T&Cs apply.

Why compare life insurance with Finder?

  • You pay the same price as buying directly from the life insurer.

  • We're not owned by an insurer (unlike other comparison sites).

  • We've done 100+ hours of policy research to help you understand what you're comparing.

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Life Insurance

Key points of ahm Life Insurance

  • Receive a lump-sum payout in the event of death or if you’re diagnosed with an incurable illness and have less than 12 months to live.
  • A number of optional covers can be added on to a policy for extra peace of mind. Depending on which you choose, you could get a payout out after the following: serious accidental injury (e.g. permanent loss of sight or limbs), permanent inability to work, or suffering from a trauma condition (e.g. severe heart attack or some cancers).
  • The most you can be insured for is $1,500,000, depending on your income.
  • This life insurance product provides a strong level of coverage, and you can tailor it to your specific needs with optional covers such as critical illness cover (of up to $500,000) and child cover (up to $200,000). Plus, up to $1m in TPD cover.
  • Enjoy the flexibility to increase your cover in the future if you need to, for example, after having kids, without another health/lifestyle questionnaire.
  • If you already have ahm Health Insurance, this policy can give you an opportunity to save 10% on your life insurance policy.

Note: Be sure to check the current Product Disclosure Statement (PDS) for terms and conditions.

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Applying for cover

With ahm, you can get a quote online or apply over the phone depending on your preference. There's no medical exam, which could lead to a smoother application process for those with straightforward needs.

Who is eligible?

You must be an Australian resident. For ahm Life Insurance, you must be aged between 18 and 55. That applies for its death cover, TPD cover and critical illness insurance.

For ahm's child coverage, your dependant must be at least 2 years of age; there's a maximum entry age of 15 and the benefit expiries at 19 years old.

In addition to age eligibility requirements, you must fall within the acceptable range of ahm's health and lifestyle requirements during the application process.

Based on the ahm Life Insurance policy. Always consult the current Product Disclosure Statement (PDS).

Compare ahm with the other 2023 Life Insurance award winners

Finder's data and insights experts created a rating algorithm to compare 10 life insurance policies in Australia across pricing and key features. Our 2023 winners are:

ahm Life Insurance logo

ahm Life Insurance

Get Quote

Maximum Cover


TPD Cover


Trauma Cover


TAL Accelerated Protection Life Insurance logo

TAL Accelerated Protection Life Insurance

2nd place in Finder Awards

Get Quote

Maximum Cover

No set limit

TPD Cover


Trauma Cover


Medibank Life Insurance logo

Medibank Life Insurance

Get Quote

Maximum Cover


TPD Cover


Trauma Cover


What are the key benefits of ahm life insurance?

To summarise, ahm Life Insurance will cover you in the event of death, diagnosis of terminal illness with life expectancy of less than 12 months, assuming the plan was active at the time of the incident.

What about future increases?

It is no secret that life gets more expensive as time goes on due to inflation. Your ahm Life Insurance policy cover amount will increase 3% each year to make sure you and your family are taken care after a claimable event.

While your premium will also increase accordingly, the automatic increases will continue even if you are at the maximum benefit of your policy.

When won't a policy pay out?

In the event of a death or diagnosis of a terminal illness (directly or indirectly as a result of an intention or deliberate self-inflicted injury), a policy will not be paid if it occurs less than 13 months after the policy issue date, increase date or reactivation date.

Accidental injury claims will not be paid if the event is the result of intentional self-inflicted injury. For trauma coverage, the benefit will not be paid if the incident is within 90 days of the policy start date, increase date or reinstatement date.

For a full list of policy exclusions, refer to ahm's latest Product Disclosure Statement (PDS) on their website.

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James Martin was the insurance editor at Finder. He has written on a range of insurance and finance topics for over 7 years. James often shares his insurance expertise as a media spokesperson and has appeared on Prime 7 News, WIN News, Insurance News, 7NEWS and The Guardian. He holds a Tier 1 General Insurance (General Advice) certification and a Tier 1 Generic Knowledge certification, both of which meet the requirements of ASIC Regulatory Guide 146 (RG146). See full bio

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James has written 258 Finder guides across topics including:
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