⚡️⚡️⚡️
With energy prices rising, switch to a cheaper plan
💡
Compare Prices Now
⚡️⚡️⚡️

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

No reviews yet. Write a review

$100,000

Maximum Cover

79

Maximum Entry Age

$100,000

Terminal Illness Benefit

We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!

Details

Product NameAustralian Seniors Term Life Insurance
Maximum Cover $100,000
Terminal Illness Benefit$100,000
Funeral Benefit $20,000
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 $200,000.

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).

Am I eligible for Australian Seniors life insurance?

To apply, you must be an Australian resident between 45 and 79 years of age. During the application process, you will also need to meet the health and lifestyle criteria set by the underwriter to be approved for cover.

Compare direct life insurance policies below

Name Product Maximum Cover Maximum Entry Age Terminal Illness Benefit Average Claims Acceptance Rate Average Claim Time Sum Insured
NobleOak Life Insurance
$15,000,000
69
$15,000,000
98.1%
1.1 months
$20,230 million
Get 2 months free when you apply for one or more life insurance types with NobleOak's Premium Life Direct policy before 30 June 2022. T&Cs apply.
TAL Life Insurance
$2,000,000
74
$2,000,000
87.10%
2.9 months
$36,630 million
Finder verifies that TAL has more Australian lives insured than any other provider - for 3 years in a row. Plus, get up to 15% off with TAL’s Health Sense program.
Real Family Life Cover
$1,000,000
64
$1,000,000
90.20%
1.8 months
$53,462 million
Get a refund of 10% of the premiums you've paid (in the first 12 months) with The Real Reward™.
Medibank Life Insurance
$2,500,000
70
$2,500,000
87.30%
3.8 months
$31,745 million
With Medibank Life Insurance, you’ll also get access to the 24/7 Medibank Nurse phone service. Medibank health members will save 10% on premiums every year. T&Cs apply.
Zurich Ezicover Life Insurance
$1,500,000
69
$1,500,000
Data not available
Data not available
$12,444 million
Get your first month free and a 10% discount by taking out a second life insurance policy (discount applies to the second policy). T&C’s apply.
ahm Life Insurance
$1,500,000
65
$1,500,000
87.20%
3.8 months
$31,745 million
Get ahm life insurance by 30 June and keep your cover for 6 months to receive $100 cashback. T&Cs apply^.
RAC Life Insurance (Only available in Western Australia)
$25,000,000
69
$25,000,000
98.10%
1.1 months
$20,230 million
When you purchase RAC Life Insurance, WA residents receive complimentary RAC membership which includes access to discounts on fuel, savings on shopping, entertainment and more. T&Cs at rac.com.au.
RACQ Life Insurance
$1,000,000
65
$1,000,000
97%
Data not available
Data not available
loading

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.

When will I not be covered by Australian Seniors?

You will not be covered in the event of death as a result of suicide or self-inflicted injury that occurs within 13 months of the commencement, reinstatement or increase of your cover. For the full list of exclusions, check the current Product Disclosure Statement (PDS) on the provider's website.


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.

Ask an expert

To ask a question simply log in via your email or create an account.

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.
Go to site