Insuranceline Life Insurance Review

Insuranceline Life Insurance could be a great option if you want a fully underwritten policy, but less so if you're looking for lots of add-ons.

Our Verdict:

  • The most you can be insured for is $1,500,000. For the average Aussie this may be fine, but if you need more – other providers go as high as $15,000,000.
  • Enjoy added peace of mind that your policy comes fully underwritten - more than half of the 19 brands on our site won't offer this.
  • You can't boost your policy with total permanent disability cover and there's no child benefit option.

Review by our life insurance senior writer James Martin

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Maximum Cover


Maximum Entry Age


Terminal Illness Benefit

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Product NameInsuranceline Life Cover
Maximum Cover $1,500,000
Funeral Benefit $10,000
Guaranteed Renewability
Online Quote
Cooling-off (days)30
Insuranceline is one of the leading direct life insurance companies in Australia, offering 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 and make the most of two sign up deals.

Get the latest deal from Insuranceline Life Insurance

InsuranceLine DealsInsuranceLine Deals

Get a $100 bonus gift after 2 months.

Plus, get 12 months cover for the price of 11 if you pay for life insurance annually. T&Cs apply.

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Review quotes for Insuranceline Life Insurance

Name Product Maximum Cover Maximum Entry Age Fully Underwritten? Terminal Illness Benefit Optional Extras
Insuranceline Life Cover
Trauma cover
Get a $100 bonus gift after 2 months. Offer ends 30 September 2021. Plus get 12 months cover for the price of 11 if you pay for life insurance annually. T&Cs apply.

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  • Maximum sum insured: Up to $1,500,000, depending on your age and income
  • Age of entry: 18 to 65
  • How do I apply? Online or over the phone with Insuranceline

Based on the Insuranceline Life Cover policy. Information last checked on March 2021. Always consult the Product Disclosure Statement (PDS).

  • 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 March 2021. 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 March 2021. Always consult the Product Disclosure Statement (PDS).

What policies are available?

Life Insurance

  • Provides a tax-free, lump sum benefit:
    • Between $100,000 and $1,500,000 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 Severity Based Illness Cover

  • Provides a lump sum payment that draws down on your main life insurance cover, to assist with medical and out-of-pocket expenses while you're recovering from certain sicknesses or injuries.
  • Provides Major Illness and Cancer 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 75% 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 5 years.
    • Choice of waiting periods of 14, 28, 60 or 90 days.

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

  • Quick application online or over the phone, with no medical tests required
  • Simple claims process handled by an experienced claims manager
  • Discounts available when you pay your premium annually, add a family member to your policy or take out a high level of cover

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 $1,500,000 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. 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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    Default Gravatar
    November 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
      November 24, 2016

      Hi Joanna,

      Thanks for getting in touch. 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,

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