Citibank Life Insurance

Citibank Life Insurance can cover you for up to $1 million but it's no longer available to new customers.

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Citibank no longer offers life insurance to new clients. We have left this page for existing members of Citibank Life Insurance. You can compare life insurance from some of our direct partners below:

Compare direct life insurance brands 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 two months free when you buy NobleOak Life Insurance policy. Offer ends 30 June 2021. T&C's apply.
ahm Life Insurance
$1,500,000
65
$1,500,000
TPD cover, Trauma cover
ahm Health members can save 10% off premiums.
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™ .
Medibank Life Insurance
$2,500,000
70
$2,500,000
TPD cover, Trauma cover
You could win a $2K EFTPOS gift card when you get a Life Insurance quote by 20 July, 2021. There is a new winner every fortnight. Plus, Medibank health members save 10% on premiums every year. T&Cs apply.
Zurich Ezicover Life Insurance
$1,500,000
69
$1,500,000
No optional
Get the first month free and a 10% discount if you take out a second life insurance policy (discount applies to second policy). T&C’s apply.
Guardian Life Insurance
$1,500,000
64
$1,500,000
TPD cover, Trauma cover
Cover up to $1.5 million with Guardian Life Insurance.
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What policies does Citibank offer?

Prime Life Cover

  • Choose from $100,000 up to $1 million of cover
  • Pays a lump sum benefit to help your family secure their financial future if you pass away
  • Simple to apply online or over the phone - no medical or blood tests required
  • $15,000 advance benefit payment to help cover funeral expenses
  • Option to add TPD Cover (up to $750,000), Trauma Cover (up to $250,000) and $15,000 of Child Cover
  • Cover increases each year in line with inflation
  • Pay premiums fortnightly, monthly or annually

Prime Income Cover

  • Replaces up to 75% of your income when you are unable to work due to illness or injury
  • Maximum monthly benefit of $10,000
  • Pays an ongoing benefit for up to two years until you get back on your feet
  • Straightforward application over the phone
  • No medical or blood tests required – you just need to answer a few simple health and lifestyle questions
  • Premium payments are usually tax-deductible
  • Cover for specific injuries, for example a fractured arm or leg, even if you are able to continue working
  • Premiums waived when you are on parental leave or involuntarily unemployed
  • Worldwide cover

TPD Insurance

  • Only available as an additional-cost option on a Prime Life Cover policy
  • Pays a lump sum benefit of up to $750,000 to help support your family and lifestyle if you become totally and permanently disabled
  • $100,000 minimum cover amount
  • TPD Cover cannot exceed your Prime Life Cover sum insured

Trauma Cover

  • Only available as an additional-cost option on a Prime Life Cover policy
  • Pays a lump sum benefit of up to $250,000 when you suffer a specified medical condition
  • Maximum amount of cover you can apply for is 50% of your Prime Life Cover sum insured
  • Benefit can be used to pay bills and maintain your standard of living

Prime Accident Cover

  • Provides up to $1 million of cover for you and your spouse in the event of accidental death
  • Minimum level of cover $150,000
  • $100,000 of serious injury cover included
  • Optional children’s accident cover available up to a maximum of $25,000
  • Simple to apply online with no health or lifestyle questions to answer
  • Pay your premiums fortnightly, monthly or annually
  • Cover begins as soon as your application is received
  • $15,000 advance payment of accidental death benefit to help cover funeral expenses
  • Cover applies worldwide 24/7
  • 5% joint policy discount when you and your partner both take out Prime Accident Cover on the same policy

Who can apply?

To be eligible for a Citibank Prime Life or Prime Accident Cover policy you will need to be between 18 and 65 years of age at the time of application. Cover expires when you reach 75 years of age and the maximum amount of cover you can apply for is also influenced by your age:

  • Age 18 to 45: can apply for up to $1 million cover
  • Age 46 to 54: can apply for up to $750,000 cover
  • Age 55 to 65: can apply for up to $500,000 cover

If you choose Prime Income Cover, you will need to be aged between 18 and 59 years when you apply, and cover ends when you reach 65 years of age. You can apply for a monthly benefit of between $1,000 and $10,000.

How do I make a claim for Citibank Insurance?

The insurer needs to be notified as soon as reasonably possible after any insured event occurs, but within no more than 30 days. The process of making a claim is simple:

  1. Call or email the insurer for a claims form. You can phone 1800 042 349 or email claims@primecover.com.au.
  2. Fill out the claims form.
  3. Mail the completed claims form to the Prime Cover Claims Team.

The insurer may also request additional information to process your claim, such as medical report or death certificate. You must supply these items as soon as possible to ensure the prompt and effective handling of your claim.

Some questions you might have about your Citibank Insurance

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