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Direct life insurance

You’ve already saved by choosing to buy direct from the insurer. Narrow your search with the Finder filters and click through for a direct life insurance policy quote.

1 - 8 of 8
Name Product Maximum Cover Maximum Entry Age Terminal Illness Benefit Claims Acceptance Rate Average Claim Time Sum Insured
NobleOak Life Insurance
$25,000,000
74
$25,000,000
96.90%
1.1 months
$24,483 million
Our verdict: Finder Life Insurance Award winner for the last 5 years in a row. Good value for money, simple application process and a high claims acceptance rate.
Medibank Life Insurance
$2,500,000
70
$2,500,000
Data not available
Data not available
Data not available
Our verdict: Medibank offers a higher payout limit ($2.5 million) than 15 other providers. Get a 10% discount if you're already a Medibank Health Insurance member.
TAL Accelerated Protection Life Insurance
No set limit
73
Not stated
Data not available
1 months
$249,285 million
Our verdict: One of Australia's leading life insurers. Automatically includes child critical illness cover. Plus, it comes with a level premium option (e.g. costs remain similar as you get older).

⭐ Current offer: Get up to 15% off your TAL Life, Trauma or TPD insurance policy for life - if you have a Body Mass Index (BMI) between 19 and 28 at the time of your application. Offer T&Cs on insurer website apply.
ahm Life Insurance
$1,500,000
55
$1,500,000
Data not available
Data not available
Data not available
Our verdict: ahm offers a simple application process. You can be approved online or over the phone. There are no medical or blood tests needed.
RACWA Life Insurance
$25,000,000
74
$25,000,000
96.90%
1.1 months
$24,483 million
Our verdict: RAC’s maximum death cover limit of $25 million is one of the highest limits you’ll find, including $5 million in TPD insurance. You can get an online quote, but you’ll need to call RAC to get trauma cover. Benefit from added peace of mind with fully underwritten insurance. RAC is also WA-based but services all of Australia.
AAMI Life Insurance
$1,500,000
65
$1,500,000
Data not available
3.1 months
$37,768 million
Our verdict: There’s flexibility with AAMI as you can add another adult to your cover, with a competitive limit of $1.5 million. Easy application process with no medical exams.

⭐ Current offer: Take out a new AAMI Life Insurance policy and get $100 eGift card after your first 4 months of cover. T&Cs apply. Ends June 30, 2024.
Suncorp Life Insurance
$1,500,000
65
$1,500,000
Data not available
3.1 months
$37,768 million
Our verdict: Competitive maximum cover limit of $1.5 million. Suncorp lets you change your cover amount by up to $100,000 after a big life event, such as having a baby.

⭐ Current offer: Take out a new Suncorp Life Insurance policy and get $100 eGift card after your first 4 months of cover. T&Cs apply. Ends June 30, 2024.
Real Family Life Cover
$1,000,000
64
$1,000,000
88.90%
2.4 months
$53,238 million
Our verdict: The application is simple; it can be done with 1 phone call and there are no medical exams. But households with larger debts may need more than a $1 million payout.

⭐ Current offer: Get back 10% of the premiums you’ve paid after 1 year.
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Why compare life insurance with Finder?

  • You pay the same price as buying directly from the life insurer.

  • We're not owned by an insurer (unlike other comparison sites).

  • We've done 100+ hours of policy research to help you understand what you're comparing.

Direct life insurance is different to traditional retail cover: it's purchased directly from an insurer, as opposed to buying through an adviser or broker. Buying direct often only requires a limited amount of medical underwriting – or none at all.

What is direct life insurance?

Papers with magnifying glass icon

Direct life insurance

As its name suggests, direct life insurance is when you take out cover directly either via a comparison site or on an insurer's website. You make a purchase without having to go through an adviser.

Expert man icon

Retail life insurance

A financial adviser takes care of the legwork for you, dealing directly with the insurer and advocating on your behalf. It can often take longer to get cover and sometimes it can cost you more as well.

Top picks for direct life insurance in Australia

Pros and cons of direct life insurance

Pros

  • The application process is usually quick and easy.
  • There's usually no medical examinations or blood tests.
  • There's lot's of competition which means you can often find discount offers e.g. one month free.
  • You can use comparison websites like Finder to compare policy features side-by-side.

Cons

  • Your policy might not be explained clearly to you.
  • You need to make sure you're accurate when filling out your application or you risk voiding your policy.
  • Too many choices can be overwhelming – if you go through an adviser, they'll do the work for you.

Cost of direct life insurance

Policy30 years old
  • Difference
40 years old
  • Difference
50 years old
AVERAGE$39.26
  • $10.77
$50.03
  • $67.31
$117.34
Bendigo Bank MaxLife Life Protect$62.82
  • -$2.67
$60.15
  • $71.68
$131.83
Insuranceline Life Insurance$44.64
  • $21.86
$66.50
  • $65.56
$132.06
Allianz Life Plan$31.65
  • $8.68
$40.33
  • $59.83
$100.16
RAC FlexiCover Life Insurance$28.65
  • $5.28
$33.93
  • $58.04
$91.97
ANZ Ezicover Life Insurance$38.51
  • $9.09
$47.60
  • $61.35
$108.95
Zurich Ezicover Life Insurance$38.51
  • $9.09
$47.60
  • $61.35
$108.95
AAMI Life Insurance$44.64
  • $21.86
$66.50
  • $65.56
$132.06
Suncorp Life Insurance$44.64
  • $21.86
$66.50
  • $65.56
$132.06
TAL Lifetime Protection$19.52
  • $1.50
$21.02
  • N/A
N/A
AHM Life Insurance$40.82
  • $11.18
$52.00
  • $71.34
$123.34
Medibank Life Insurance$42.96
  • $11.78
$54.74
  • $75.08
$129.82
NobleOak Premium Life Direct$23.11
  • $4.26
$27.37
  • $46.83
$74.20
Policy30 years old
  • Difference
40 years old
  • Difference
50 years old
AVERAGE$27.50
  • $12.09
$39.59
  • $52.01
$91.60
Bendigo Bank MaxLife Life Protect$36.06
  • $15.06
$51.12
  • $54.09
$105.21
Insuranceline Life Insurance$30.69
  • $22.32
$53.01
  • $61.85
$114.86
Allianz Life Plan$23.49
  • $7.82
$31.31
  • $40.86
$72.17
RAC FlexiCover Life Insurance$18.85
  • $5.27
$24.12
  • $44.48
$68.60
ANZ Ezicover Life Insurance$29.76
  • $7.96
$37.72
  • $40.39
$78.11
Zurich Ezicover Life Insurance$29.76
  • $7.96
$37.72
  • $40.39
$78.11
AAMI Life Insurance$30.69
  • $22.32
$53.01
  • $61.85
$114.86
Suncorp Life Insurance$30.69
  • $22.32
$53.01
  • $61.85
$114.86
TAL Lifetime Protection$12.07
  • $4.18
$16.25
  • N/A
N/A
AHM Life Insurance$31.22
  • $9.16
$40.38
  • $48.53
$88.92
Medibank Life Insurance$32.86
  • $9.64
$42.50
  • $51.10
$93.60
NobleOak Premium Life Direct$15.20
  • $4.26
$19.46
  • $35.88
$55.34

We calculated the average monthly cost of a life insurance policy with $500,000 in cover for a non-smoker, office worker living in NSW. Prices generated in March 2022 and are subject to change.

Which method of buying cover is right for me?

How to decide

Here's how buying direct compares to the options you have:

Should I consider an adviser?

'71% less likely' was calculated using figures from ASIC's Report 498: Life Insurance Claims: An Industry Review. The report states that the average declined claims in a non-advised policy is 12% in comparison to an advised policy at 7%. 12% (non-advised) is 1.71 times the amount of 7% (advised) hence a 71% less chance of an advised policy claim being declined.

Why you can trust Finder's life insurance experts

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We're free

You pay the same as buying directly from the life insurer. Better still, we regularly run exclusive deals that you won't find on any other site – plus, our tables make it easy to compare policies.
expert advice

We're experts

Our team of life insurance experts have researched and rated dozens of policies as part of our Finder Awards and published 250+ guides to make it easier for you to compare.
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We're independent

Unlike other comparison sites, we're not owned by an insurer. That means our opinions are our own and we work with lots of life insurance brands, making it easier for you to find a good deal.
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We're here to help

Since 2016, we've helped 270,000+ people find life insurance by explaining your cover options, simply and clearly. We'll never ask for your number or email. We're here to help you make a decision.

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