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Life Insurance Deals and Discounts June 2022

These regularly updated life insurance deals can include 1 month free, bonus gift cards or up to 10% in savings with major brands.

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Before you take out life insurance, find out if there are offers that can help you get the most value for money while you meet your family's needs.

Life insurance deals and discounts from the Finder panel

Deal

Get 10% of premiums back in the first 12 months

Receive 10% of premiums you’ve paid in the first 12 months with The Real Reward program.
Deal

10% off premiums for Medibank health members

Medibank health members save 10% every year. T&Cs apply
Deal

One month free

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.
Deal

10% off for ahm health members

ahm health members get a 10% premium discount for the life of their policy
Deal

$100 Cashback

Expires 30 Jun 2022
Get ahm life insurance by 30 June and keep your cover for 6 months to receive $100 cashback. T&Cs apply^.
Deal

Get 2 months free

Expires 30 Jun 2022
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

All life insurance deals and discounts

A multi-policy discount usually applies when you combine more than one type of cover (e.g. Income protection with life insurance) with the same provider.

ProviderMulti-policyConditionsApply
AIAUp to 12.5% discount (17.5% for new applicants)Speak to an adviser
BTUp to 5% discountSpeak to an adviser
MLCYes
  • Discounts depend on the level of cover and the types of policies you combine
Speak to an adviser
OnePathUp to 5% discount
  • You must combined Income Protection with another policy
Speak to an adviser

Data taken from brand product disclosure statements on February 2022. Benefits, conditions and amounts are subject to change at anytime.

A joint policy discount usually applies when you apply for cover either with a spouse or another family member.

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ProviderCombined policy discount/Family discountConditionsApply
Zurich Ezicover
  • 10% discount
  • Two applications must be received at the same time
  • Discount applies to the second policy
Get quoteMore info
InsuranceLine
  • 5%
The younger adult receives a discount when you apply on the same policyMore info
AIA
  • 5% discount if 2 people are insured
  • 10% discount if 3+ people are insured
Annual premiums for each must at least by $500Speak to an adviser
ClearView
  • 2.5% discount if 2 people are insured
  • 3% discount if 3+ people are insured
Discount available at the time of application where there is a family group relationship or business relationship between the persons insured.Speak to an adviser
OnePath
  • 10% discount
Available if you link your policy with an eligible family member, business partner or combination of family members and business partnersSpeak to an adviser

Data taken from brand product disclosure statements on March 2021. Benefits, conditions and amounts are subject to change at anytime.

A larger sum discount applies when you purchase cover for a sum over a set amount defined by the insurer.

ProviderHigher cover discountConditionsApply
InsuranceLineUp to 15% discountSize of discount depends on the amount of cover insured and the type of cover that's insured
AIAUp to 30% discountSize of discount depends on the amount of cover insured and the type of cover that's insured.Speak to adviser
BTUp to 30% discountSize of discount depends on the amount of cover insured and the type of cover that's insuredSpeak to adviser
ClearViewYesSize of discount depends on the amount of cover insured and the type of cover that's insuredSpeak to adviser
OnePathYesSize of discount depends on the amount of cover insured and the type of cover that's insured.Speak to adviser
TALUp to 34% discountSize of discount depends on the amount of cover insured and the type of cover that's insuredSpeak to adviser
Zurich Future WiseUp to 24% discountSize of discount depends on the amount of cover insured and the type of cover that's insured.Speak to adviser

Data taken from brand product disclosure statements on March 2021. Benefits, conditions and amounts are subject to change at anytime.

What types of life insurance discounts and deals can I get?

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Loyalty discounts

Loyalty discounts are offered by almost all insurers if you keep your insurance with the same provider for more than one year. Discounts start at 5% and can go up to about 15% when you stay for a significant period of time e.g. 25 years.

For joint policies, the discount is calculated based on the partner who has the longest existing relationship with the provider. Businesses are treated as a separate entity, so your personal insurance policies won't contribute to loyalty discounts for a business in your name.

Aeroplane

Rewards programs

Some life insurance products allow you to collect reward points. These programs allow you to accumulate discounts on life insurance payments or accumulate points towards other rewards programs e.g. frequent flyers.

Free tag

Free life insurance for first month

Some insurers offer free life insurance cover for the first month. You still have the same level of cover during the premium-free period, but payments aren't taken until the second month. In some instances, you will be refunded a months worth of cover after holding the policy for 12 months.

Hand holding money icon

Large-sum discounts

If you purchase a large amount of cover, you may get a further discount. These can be up to 30% for amounts over $500,000. Discounts range from roughly 10% for $300,000 to 30% on an insured sum of $500,000. They can be combined with other discounts such as joint policy, loyalty and multi-policy if applicable.

Couple

Multi-policy or joint discounts

Multi-policy discounts start at around 5% and increase to about 15% for 10 or more policies. Policies can be for the same or different types of cover for items such as cars, home, life and travel. To get the maximum discount you may need to hold policies for more than 25 years. Couples or families who take out a policy together may be able to get a joint cover discount as well.

Dumbell

Wellness programs

Some life insurance policies give you access to health and wellness programs such as the AIA Vitality Program. Members are rewarded with discounts from commercial partners as they earn Vitality points as their health improves. Additionally, participation in the program can result in discounts on life insurance premiums.

Top picks for life insurance in Australia

Get quotes from these direct brands

1 - 8 of 8
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
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