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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 - 13 of 13
Name Product Maximum Cover Maximum Entry Age Terminal Illness Benefit Claims Acceptance Rate Average Claim Time Sum Insured
NobleOak Life Insurance
Finder AwardBonus
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.

⭐ Current offer: Get two months free on all cover types apply by 14 June 2024. T&Cs apply.
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.

⭐ Current offer: Save 10% on your first year of Medibank Life Insurance when you apply by 1 July 2024. T&Cs apply.
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.
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.

⭐ Current offer: Get two months free when you apply for two or more RAC Life Insurance covers by 30 June 2024. T&Cs 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.

⭐ Current offer: Get 10% off your first year of ahm Life Insurance when you apply by 1 July 2024. T&Cs apply.
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.
HCF Life Protect Insurance
$1,500,000
65
$1,500,000
Data not available
Data not available
Data not available
Our verdict: Similar cover to other insurers ($1.5 million). A good discount for HCF members of 10% and an easy initial quote process.

⭐ Current offer: Eligible HCF Members receive 10% premium discount and HCF Thank You rewards.
Zurich Ezicover Life Insurance
$1,500,000
69
$1,500,000
98%
3 months
$24,495 million
Our verdict: Good if you want a cheap policy from a well-regarded insurer – its 98% claims acceptance rate is higher than any other provider on Finder. Zurich keeps things simple: unlike others, it doesn’t go in for optional add-ons such as TPD or trauma cover.

⭐ Current offer: Policy discounts include 10% off for your partner if you sign up for a joint policy. You can also get 5% off income protection if you buy it alongside your life cover.
Insuranceline Life Cover
$1,500,000
65
$1,500,000
90.10%
3.1 months
$37,768 million
Our verdict: Insuranceline pays a lump sum of up to $1.5 million. Once your cover’s in place, you can increase it after a big life event, such as having a baby, without further medical assessment.

⭐ Current offer: Protect your family with an Insuranceline policy and you can go into the draw for a chance to win a $1,000 gift card. New Customers only, T&Cs apply. Competition entries close on 31 July 2024.
Guardian Life Insurance
$1,500,000
64
$1,500,000
88.90%
2.4 months
$53,238 million
Our verdict: Competitive cover limit of $1.5 million. You can add children’s cover of up to $50,000 – most policies don’t include this option.
RACQ Life Insurance
$1,000,000
65
$1,000,000
97%
Data not available
Data not available
One of just 4 insurers to offer children’s insurance. Get cover of up to $50,000 for 7 serious illnesses. RACQ offers 3 ways to save on life insurance: RACQ members get 10% off when buying online. There’s a 5% joint policy saving. Plus you could score 10% off your premiums if you achieve Silver status with AIA Vitality. You can apply for cover online or over the phone.
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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?

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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

freeYou pay nothing. Finder is free to use. And you pay the same as going direct. No markups, no hidden fees.
expert adviceYou save time. We spend 100s of hours researching life insurance so you can sort the gold from the junk faster.
independentYou can trust us. We say it like it is. We aren't owned by an insurer and our opinions are our own.

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