
Life insurance
- It pays a lump sum benefit up to $1,000,000 will be paid to your chosen beneficiaries in the event of your death.
- $15,000 advance payment in the event of your death to assist your family with immediate expenses such as funeral costs.
- Access to health and wellbeing program AIA Vitality plus get a 10% policy discount if you maintain a Vitality status of Silver or higher.
- Worldwide cover whilst temporarily travelling abroad.
- Optional Trauma and Total and Permanent Disability cover.
Bendigo Bank also offers MaxLife Income Protect which can cover up to 70% of your current income (up to $10,00 per month) as a monthly benefit if you are unable to work as the result of an accident. Be sure to check the Product Disclosure Statement (PDS) for terms and conditions.

Eligibility
You must be:
- An Australian citizen or permanent resident, or a New Zealand citizen.
- Living permanently in Australia at the time of application.
- Aged 18-65 at the time of application. For Trauma, TPD or Income Protection cover, the maximum entry age is 59.
- If you choose TPD cover or the Income Protection product: You must also be employed and working at least 20 hours per week (excludes heavy, manual occupations).
Still wondering if Bendigo Bank is right for you? Here are the main pros and cons summarised:
Pros
- It gives you access to AIA Vitality.
- It's a trusted brand.
- It's good if you don't need more than $1 million in cover
Cons
- It's possible to get a higher life insurance benefit elsewhere.
- You might not be interested in AIA Vitality.
To make an Bendigo Bank life insurance claim, you'll you can call them on 1800 104 338, email claims@bendigolife.com.au or mail: Claims Team, Bendigo Life Customer Service
PO Box 6143, Melbourne VIC 3004.
Aside from the eligibility requirements listed above, Bendigo will not provide you cover for the following:
- Life cover: In the event of suicide within the first 13 months of your policy commencing or reinstated or insured amount increased.
- TPD and trauma cover: Any deliberately self-inflicted injury or sickness.
- You do not have the financial capacity to pay your premiums when due. This will result in your cover ending and you cannot make a claim.
Be sure to check with current Product Disclosure Statement (PDS) on the provider's site for the full list of inclusions and exclusions.
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