CGU Life Insurance

What does CGU offer as an Australian life insurance company?

When you look for a life insurance company, you want to make sure you are choosing someone who understands your goals and lifestyle. With CGU, you are getting a local company who is also a market leader, so that you can feel assured of your family’s future and the value of your life insurance products.

CGU has a strong presence in the Australian financial market, providing cover for a significant number of the populations home and cars. As Australia’s largest regional and rural insurer, CGU offers a wide range of personal insurance products, which are built on local knowledge and understanding of the communities they look after.

Important Information

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Compare direct life insurance brands below

Name Product Maximum cover Maximum Entry Age Minimum Sum Insured Guaranteed Future Insurability Expiry Age Short Description
$1,000,000
64
$100,000
No
No expiry age as long as premiums are paid
Get a refund of 10% of the premiums you've paid (in the first 12 months) with The Real Reward™.
$1,500,000
65
$3,000
No
80
Protect what matters with a new Virgin Life Insurance policy. If eligible, you can earn 25,000 Velocity Points. Ends 02 September 2019. Min $80/month, min. 6 month policy to earn Points.
$2,000,000
74
$100,000
Yes
99
Join Qantas Life Insurance and earn up to 100,000 Qantas points. T&CS apply including minimum premium and policy hold periods apply to earn points.
$1,000,000
60
$100,000
Yes
99
Get life cover up to $1 million.
$1,500,000
65
$100,000
Yes
No expiry age as long as premiums are paid
Get life cover up to $1.5 million. Plus, Medibank health insurance members can save 10% off premiums.
$15,000,000
69
$50,000
Yes
99
Get a quote for up to $15 million in life insurance cover. Plus, get two months free when you combine life insurance with another type of cover. T’s and C’s apply. Ends 29 August 2019.
$1,500,000
65
$100,000
Yes
No expiry age as long as premiums are paid
Get life cover up to $1.5 million. Plus, ahm health members can save 10% off premiums.
$1,500,000
69
$50,000
Yes
99
Receive a 10% discount on the second person when two applications are submitted at the same time, and both policies are issued.
$1,500,000
64
$100,000
No
No expiry age as long as premiums are paid
Cover up to $1.5 million with Guardian Life Insurance.

Compare up to 4 providers

What's the benefit of taking out a policy with CGU?

The CGU insurance policies are written in easy to understand language, and have been specially created to offer the greatest value to Australian customers. Plus, as your needs and lifestyle change and grow, your CGU insurance products are able to easily grow and adapt with you. This is because service is the foundation of CGU’s business, and the insurer prides themselves on their national network of branches, 24/7 claim lodgement service and emergency assistance hotline, which all combine to offer outstanding customer service.

It is also easy to manage and maintain your CGU life insurance products because you have the option to pay your premiums monthly, without any extra cost. Your service from CGU is also built on the company’s Triple Guarantee, which is a:All Users

  • Service guarantee: CGU guarantees to provide you the highest standard of service.
  • Fair dealing guarantee: CGU guarantees to meet all claims covered by your policy, in a prompt and fair manner.
  • Money-back guarantee: gives you a 28-day cooling-off period after you sign up for any CGU life insurance policy, during which you can change your mind and cancel your policy, and receive a full refund.

CGU also supports the General Insurance Code of Practice, which aims to:

  • Promote better and more informed relationships between insurance companies and their customers.
  • Improve customer confidence of the insurance industry.
  • Provide better mechanisms to resolve complaints and disputes for insurance customers.
  • Commit insurers to providing a higher level of customer service.

If you run a business, CGU also has insurance products to help protect all of your hard work, in their Business Package Policy. CGU business insurance covers you for property damage, theft, liability for personal injury or property damage, machinery breakdown and general property insurance.

Am I eligible?

You must be between the entry age of 18 and 65 and an Australian permanent resident in order to be eligible for their life insurance.

Other features of CGU Life Insurance

  • Minimum and Maximum cover is $100,000 and $1,000,000 respectively, depending on age.
  • Advanced funeral payment
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