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Insuranceline Life Insurance

Get protection for the unexpected with Insuranceline Life Insurance policies.

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Insuranceline Life Insurance

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Insuranceline has grown to become one of the leading direct life insurance companies in Australia with a wide range of policies to protect you and your family in the event of death, illness or injury. With Insuranceline you can choose from Life, Income Protection and Funeral Insurance to cover you from the unexpected.

Applying is easy with no medical exams required and all policies are underwritten by TAL Life Limited. This review will explore each of the different policies available from Insuranceline and some important things to know before signing up for cover.

Insuranceline life insurance is not currently available via Finder. You can visit their website at www.insuranceline.com.au for more information or compare alternative options available below.

Compare direct life insurance policies below

Name Product Maximum Cover Maximum Entry Age Minimum Cover Terminal Illness Benefit
Real Family Life Cover
$1,000,000
64
$100,000
$1,000,000
Get a refund of 10% of the premiums you've paid (in the first 12 months) with The Real Reward™ .
NobleOak Life Insurance
$15,000,000
69
$50,000
$3,000,000
First month free for NobleOak Life Insurance. T&Cs apply.
ahm Life Insurance
$1,500,000
65
$100,000
$1,500,000
ahm Health members can save 10% off premiums.
Guardian Life Insurance
$1,500,000
64
$100,000
$1,500,000
Zurich Ezicover Life Insurance
$1,500,000
69
$50,000
$1,500,000
Get your first month free. T&Cs apply.
Medibank Life Insurance
$2,500,000
70
$100,000
$2,500,000
Medibank health members save 10% every year. T&Cs apply.
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finder.com.au does not currently have access to this life insurance brand. You may wish to compare options available on the life insurance homepage.
  • Maximum sum insured: Up to $1.5 million, depending on your age and income
  • Age of entry: 18 to 65
  • How do I apply? Over the phone with Insuranceline

Based on the Insuranceline Life Cover policy. Information last checked on July 2020. Always consult the Product Disclosure Statement (PDS).

ProsCons
  • Increase your life insurance sum in the future without a reassessment*
  • No level premiums offered
  • Optional Illness and Injury Cover
  • Discounts available when you pay your premium annually

Based on the Insuranceline Life Cover policy. Information last checked on July 2020. Always consult the Product Disclosure Statement (PDS).

This cover might be suitable if:

  • You are after a tailored cover option to suit your lifestyle.
  • You want the flexibility to increase your cover in the future if you need to (e.g. after having kids), without another health / lifestyle questionnaire.
  • You would like the option of stacking on additional illness and injury cover.

Apply carefully if:

  • You have pre-existing medical conditions.

Don't get this cover if:

  • You want 'level premiums' that don't increase with age.
  • You are over 65.

Based on the Insuranceline Life Cover policy. Information last checked on July 2020. Always consult the Product Disclosure Statement (PDS).

What policies are available?

Life Insurance

  • Provides a tax-free, lump sum benefit:
    • Between $100,000 and $1.5 million on the Life Cover plan.
  • Loved ones can use the proceeds of your policy to pay the mortgage, manage expenses and maintain their lifestyle
  • Advance payment of up to $10,000 to help with legal costs and any other immediate costs.

Optional Illness and Injury Cover

  • Provides a lump sum payment of up to $250,000 when you suffer a serious illness or injury
  • Provides Major Illness, Cancer and Serious Injury Cover
  • Designed to help with medical and other out-of-pocket expenses while you recover

Income Protection

  • Replaces your income when you are unable to work due to injury or illness
  • Ongoing monthly benefit replaces up to 85% of your income
    • Maximum monthly benefit of up to $10,000 on the Rate Saver plan.
  • Rate Saver plan also offers
    • Choice of benefit periods up to five years
    • Choice of waiting periods of 14, 28, 60 or 90 days.
  • Up to $500,000 Optional Permanent Disability Cover also available
  • Other options include $50,000 Kids Injury Cover and up to $3,000 per month Homemaker Cover

Insuranceline Income Protection review


Funeral Insurance

  • Choose a payout of up to $15,000 to help your family cover your funeral costs
  • Minimum cover $3,000
  • Benefit usually paid within 24 hours of lodging a completed claim
  • Guaranteed acceptance for Australians aged 25 to 80 on Level Cover – no medicals required
  • Premiums will never increase (unless you make changes to your policy)
  • Optional extras include Extra Accidental Injury Cover and Extra Accidental Death Cover

Insuranceline Funeral Insurance review

More benefits of taking out insurance with Insuranceline

Some questions you might have about your Insuranceline Insurance

Who can apply?

This section will give an overview of the eligibility requirements for different types of cover available from Insuranceline:

  • Life Cover: To qualify for Insuranceline Life Insurance you will need to be an Australian resident between 18 and 65 years of age. You can apply for up to $1.5 million of cover.
  • Income Protection: If you want to take out Income Protection Cover from Insuranceline, you'll need to be an Australian resident between 18 and 60 years of age.
  • Funeral Insurance: Insuranceline Funeral Insurance is available to Australian residents between the ages of 25 and 80. Cover is free once you reach your 90th birthday, and you can apply for a cover amount between $3,000 and $15,000.
  • Optional Cover: If you want to add Optional Illness and Injury Cover to your Life Insurance, you will need to meet the policy eligibility requirements for Life Cover outlined above.

How do I make a claim for Insuranceline Insurance?

If you need to make a claim on your Insuranceline policy, phone the relevant number listed in your PDS as soon as possible. Insuranceline will then send out a claim form to be filled out. Alternatively you can go online and download one.

You will need to complete the relevant forms and return them to Insuranceline, along with any other information that may be requested – such as medical examinations or tests. Your claim will then be assessed.

Insuranceline offers a wealth of viable options to insurance customers, so make sure to compare its offerings with others on the market before deciding on the best policy for you.

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2 Responses

  1. Default Gravatar
    joannaNovember 23, 2016

    is Asthma a pre existing condition covered after a waiting period and is it only paid if the person is “symptom free” during the waiting period?

    • Avatarfinder Customer Care
      RichardNovember 24, 2016Staff

      Hi Joanna,

      Thanks for getting in touch. finder.com.au is a comparison service and we are not permitted to provide our users with personalised financial advice. You should contact Insuranceline directly for policy specifics and cover conditions.

      All the best,
      Richard

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