Earn 1 Qantas Point for every $1 of premiums paid
Qantas Frequent Flyer (QFF) Members can earn 1 Qantas Point for every $1 of premium paid toward their ANZ Life Insurance policy.
The ANZ Bank is a pillar of the Australian finance industry and one of the big four banks. ANZ partnered with OnePath to offer life insurance plans as part of its financial suite. ANZ offers a range of policies to provide support to applicants in the event of death or serious illness and injury.
|Maximum cover amount||Up to $2 million, depending on your age and income at the time of application|
|Age of entry||18 to 59|
|How do I apply?||Online with ANZ.|
Based on Life Insurance plan. Maximum cover is lower, and maximum entry age higher, for Accident Insurance and Funeral Insurance. Information last checked on March 2020. Always consult the Product Disclosure Statement (PDS).
Of course it is always important to do your own research when choosing a life insurance company, so consider what ANZ has to offer when it comes to:
ANZ has a full range of life insurance types and policy options to let you find the cover you need.
The flexibility of each policy, and wide range of available options, means ANZ has the right products for a lot of situations.
Here's what's offered by ANZ and the key features of each product.
Life cover that can be flexibly adjusted, and bundled with a Critical Illness Cover option.
Up to $15,000 for funeral expenses with premiums that never rise, guaranteed acceptance from age 50 to 70 and guaranteed renewal for life. Includes an option to cap premiums at your benefit amount to help ensure value for money.
75% of your income up to $10,000 in the event of serious injury or illness leaving you unable to work. Includes Involuntary Unemployment Cover and Child Care Cover for time off work if you need to take care of a sick or injured child.
You can receive up to 10,000 Qantas Points when taking out a new ANZ Life Insurance policy and holding it for at least 6 months, as well as earn 1 Qantas Point for every $1 of premiums paid on the policy.
You’ll need to be a Qantas Frequent Flyer member, and will need to provide your membership number to ANZ.
This offer is only available by signing up online or over the phone, and you’ll need to provide your Qantas Frequent Flyer details within 30 days of taking out cover. Naturally, you’ll also need to meet the terms of your Qantas Frequent Flyer membership, and be aware of other conditions.
Terms and conditions apply in order to earn points. You can learn more here.
Premiums can be paid fortnightly, monthly or annually by direct debit from your credit card or bank account. ANZ Life Insurance are not superannuation policies, and premiums cannot be paid through superannuation contributions.
You get a discount for paying premiums annually, and may also get a discount if your partner holds a either an ANZ Life Insurance, ANZ Recover Well or ANZ Income Protection policy purchased after the 21 May 2016.
With ANZ Life Insurance, ANZ Recover Well and ANZ Income Protection you can choose between Stepped and Level premiums.
Stepped premiums start out cheaper, but will get more expensive as you age. Level premiums start out more expensive but, depending on how long you keep your policy, can cost less over the life of the policy.
With ANZ 50+ Life Cover your premiums are set at a fixed rate based on how much cover you have.
Factors affecting your premiums can include age, gender, smoking status, cover types and options, health and lifestyle, occupation.
Exclusions apply to each policy type
No cover for:
The Life Benefit is not payable within the first 12 months of the policy start date. The Accidental Death Benefit is paid if your death is caused by an accident at any time from the start of the policy.
No cover for:
If you’re not working or are experiencing financial hardship, you can pause your premiums and cover for up to 12 months.
You can pause your premiums if:
Also, if you’re on parental leave, you can pause your premiums and cover for up to 24 months.
You will not be covered at any time for any illness or injury that occurs or becomes reasonably apparent in the period from the start of your Premium Pause until 90 days after your Premium Pause ends.
Learn the types of cover available and what's right for you
You could be missing out on additional super returns.
finder.com.au is one of Australia's leading comparison websites. We compare from a wide set of banks, insurers and product issuers. We value our editorial independence and follow editorial guidelines.
finder.com.au has access to track details from the product issuers listed on our sites. Although we provide information on the products offered by a wide range of issuers, we don't cover every available product or service.
Please note that the information published on our site should not be construed as personal advice and does not consider your personal needs and circumstances. While our site will provide you with factual information and general advice to help you make better decisions, it isn't a substitute for professional advice. You should consider whether the products or services featured on our site are appropriate for your needs. If you're unsure about anything, seek professional advice before you apply for any product or commit to any plan.
Products marked as 'Promoted' or 'Advertisement' are prominently displayed either as a result of a commercial advertising arrangement or to highlight a particular product, provider or feature. Finder may receive remuneration from the Provider if you click on the related link, purchase or enquire about the product. Finder's decision to show a 'promoted' product is neither a recommendation that the product is appropriate for you nor an indication that the product is the best in its category. We encourage you to use the tools and information we provide to compare your options.
Where our site links to particular products or displays 'Go to site' buttons, we may receive a commission, referral fee or payment when you click on those buttons or apply for a product. You can learn more about how we make money here.
When products are grouped in a table or list, the order in which they are initially sorted may be influenced by a range of factors including price, fees and discounts; commercial partnerships; product features; and brand popularity. We provide tools so you can sort and filter these lists to highlight features that matter to you.
We try to take an open and transparent approach and provide a broad-based comparison service. However, you should be aware that while we are an independently owned service, our comparison service does not include all providers or all products available in the market.
Some product issuers may provide products or offer services through multiple brands, associated companies or different labelling arrangements. This can make it difficult for consumers to compare alternatives or identify the companies behind the products. However, we aim to provide information to enable consumers to understand these issues.
Providing or obtaining an estimated insurance quote through us does not guarantee you can get the insurance. Acceptance by insurance companies is based on things like occupation, health and lifestyle. By providing you with the ability to apply for a credit card or loan, we are not guaranteeing that your application will be approved. Your application for credit products is subject to the Provider's terms and conditions as well as their application and lending criteria.