Australian Seniors Life Insurance Review

You may want to check whether $100,000 in cover limits is enough for your needs with Australian Seniors Life Insurance. Perks include simple, fully underwritten policies.

Our Verdict:

  • This brand’s maximum entry age of 79 is five years above the closest competitor from 18 policies we reviewed on our site.
  • Despite a low maximum cover limit of $100,000, this provider does offer accessibility thanks to benefit amounts starting from $10,000.
  • Policies aren’t very flexible compared to the likes of NobleOak or Qantas. With Australian Seniors, you can’t add TPD or trauma cover to your policy.

Review by our life insurance senior writer James Martin

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$100,000

Maximum Cover

79

Maximum Entry Age

$100,000

Terminal Illness Benefit

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Details

Product NameAustralian Seniors Term Life Insurance
Maximum Cover $100,000
Terminal Illness Benefit$100,000
Guaranteed Renewability
Cooling-off (days)30
Online Quote

Australian Seniors Insurance Agency has been looking after the insurance needs of older Australians since 1998. It offers a range of insurance products that have been specifically designed for the mature market, including home insurance, car insurance and travel insurance. Australian Seniors Insurance Agency also provides two life insurance products: Accident Insurance and Final Expenses Insurance.

What types of life insurance are offered by Australian Seniors?

Australian Seniors Insurance Agency offers two life insurance products to mature Australians: Final Expenses Insurance and Accident Insurance.

Life Insurance

Australian Seniors will pay your beneficiaries a lump sum when you die. The maximum benefit amount is $100,000. They won't cover deaths as a result of self-inflicted injuries that occur within the first 13 months of you taking out a policy. You can get up to 20% of the life insurance benefit paid to you in advance to assist with the funeral expenses.

Accidental Death.

If you die as a result of an accident (within 90 days of the accident occurring), Australian Seniors will pay your beneficiaries an Accident Death benefit. The maximum benefit amount is .

Terminal illness.

This pays out if you're diagnosed with a terminal illness (excluding a terminal illness that occurs as a result of a self-inflicted injury).

Compare direct life insurance policies below

Name Product Maximum Cover Maximum Entry Age Fully Underwritten? Terminal Illness Benefit Optional Extras
NobleOak Life Insurance
$15,000,000
69
$3,000,000
TPD cover, Trauma cover
Get your one month free when you buy NobleOak Life Insurance policy. Offer ends 30 September 2021. T&C's apply.
Medibank Life Insurance
$2,500,000
70
$2,500,000
TPD cover, Trauma cover
Medibank health members save 10% on premiums every year. T&Cs apply.
Real Family Life Cover
$1,000,000
64
$1,000,000
TPD cover, Trauma cover
Get a refund of 10% of the premiums you've paid (in the first 12 months) with The Real Reward™ .
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Compare up to 4 providers


Who is Australian Seniors Insurance Agency?

Established in 1998, Australian Seniors Insurance Agency aims to meet the cover needs of mature Australians. The company's principals have more than 27 years of experience in providing quality insurance products for senior citizens, with a focus on innovation and customer satisfaction. People aged over 50 face different risks and have different needs to younger Australians, so Australian Seniors Insurance Agency offers policies designed to suit the mature population.

As well as the life insurance products detailed above, Australian Seniors Insurance Agency offers home, car and travel insurance. Its Home & Contents Insurance is available in two forms: Essential Cover and Top Cover. If risks like theft, fire or storm interfere with your home or contents, these policies are designed to provide the cover you need.

If you're looking to insure your vehicle, Australian Seniors Insurance Agency offers Comprehensive Car Insurance, Build Your Own Car Insurance, Pay as You Drive Car Insurance and Third Party Property Car Insurance. This allows you to choose or tailor a policy that meets your specific needs.

Finally, the agency offers a Travel Insurance policy to suit the needs of both domestic and international travellers. Customers can choose from single- or multi –trip policies.


Australian Seniors Insurance general conditions

As with any insurance policy, there are a number of general conditions that apply to the plans offered by Australian Seniors Insurance Agency. These include:

  • Your policy will begin on either the commencement date or the renewal date, whichever occurs later, and continues for one calendar year.
  • You can renew your policy for further consecutive yearly periods by paying the premium. The act of paying your premium is deemed to be an acceptance of an offer to renew your cover for another year. The same terms and conditions will apply to your policy unless you make changes or you are otherwise notified.
  • Your policy expires at the end of the period of insurance and Australian Seniors Insurance Agency may decide not to renew your cover.
  • Your premiums are generally not tax deductible and any benefits you receive are typically not assessable income for tax purposes.
  • You must be an Australian resident to qualify for cover, while your individual policy is governed by the laws of the state or territory in which you reside.
  • All payments between you and your insurer must be made in Australian currency.

How do I make a claim with Australian Seniors Insurance Agency?

It's important that you notify Australian Seniors Insurance Agency as soon as possible after an occurrence or event which may lead to a claim. You'll then have to obtain a claim form from the insurer and fill it out with all the relevant details. You'll also need to attach:

  • Receipts for any expenses which are being claimed.
  • Any reports from the police or other relevant authorities (for example an airline) about loss, theft or damage.
  • Any other documentary evidence which Australian Seniors Insurance Agency requests.

You'll need to submit your completed claim form and accompanying documents within 30 days of the event which gives rise to your claim, or as soon as reasonably practical. You may also need to provide medical or other certificates at your own expense to help support your claim. Australian Seniors Insurance Agency aims to process claims as promptly and efficiently as possible.

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