In this guide

  • Our verdict
  • Details
    • Key Details
    • Eligibility
    • Add-ons
  • Your reviews
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Kogan life insurance review

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Kogan Life Cover

This product is not currently available via Finder. Visit the provider's website directly, or compare other options.

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    Bonus
Maximum Cover
$1,000,000
Maximum Entry Age
64
Terminal Illness Benefit
$1,000,000

Our verdict

Find out how well the family-friendly plans offered by Kogan life insurance measure up against the competition.

Kogan is one of Australia's largest insurance retailers. They offer their customers award-winning value for money across a range of products including life insurance. Kogan Life Insurance offers some key features including terminal illness benefit and automatic increases. Applications are online and there's no medical required making applying quick and easy.

  • Kogan placed third in Finder’s most recent awards for the category of top picks for parents. It also had the cheapest price for children’s cover of the three leading brands.
  • Flexibility. Children’s cover, TPD and serious illness can all be added to your policy.
  • A maximum cover limit of $1,000,000 and a funeral benefit of $10,000 should meet most needs, but close competitors like Qantas and Zurich exceed these limits.

In this guide

  • Our verdict
  • Details
    • Key Details
    • Eligibility
    • Add-ons
  • Your reviews

Details

Key Details

Product Name Kogan Life Cover
Maximum Cover $1,000,000
Terminal Illness Benefit $1,000,000
Funeral Benefit $10,000
Guaranteed Renewability
Cooling-off (days) 30
Online Quote

Eligibility

Minimum Entry Age 18
Maximum Entry Age 64
Expiry Age No expiry age as long as premiums are paid
Medical Exam

Add-ons

TPD Option
Child Benefit Option
Trauma Option

How does Kogan life insurance work?

Kogan Life insurance provides a financial payout in the event that the covered individual dies of an accident, terminal illness or of natural causes. The policy can be applied either individually or as a joint application (partnered life insurance policy). Kogan Life Insurance cover amounts range from $100,000-$1,000,000 and applicants must be Australian residents aged 18-64 years of age at the commencement of the policy.

Optional covers:

Kogan Life Insurance offers the following optional covers for approved life insurance policyholders:

  • Children's cover: For Australian residents aged 2-17 years old, the policy holder as the parent or legal guardian can take out cover to protect in the event of accidental death, paralysis, blindness, deafness, total and permanent loss of use of two limbs, encephalitis, meningitis or major head trauma of their child/children. The maximum benefit amount that can be claimed is capped at $50,000 per child.
  • Serious illness insurance: This option within a life insurance policy provides additional cover in the event of a heart attack, cancer, stroke or coronary artery bypass surgery. This optional cover is capped at $500000 and open to eligible policyholders aged 18-59 years of age.
  • Total and permanent disability insurance: Insurance in the event that the life insurance policyholder suffers a total and permanent disability, up to a maximum of $1,000,000 depending on the age of the policyholder. You'll need to be aged between 18 and 59 and working at least 20 hours a week to be eligible.

Compare direct life insurance policies below

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.

⭐ Current offer: Save 10% on your first year of Medibank Life Insurance when you apply by 31 July 2024. T&Cs apply.
TAL Accelerated Protection Life Insurance
No set limit
74
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.

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 31 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: Save up to 10% on premiums every year for the life of the policy on AAMI Life Insurance. Offer ends 30 Sept 2024. T&Cs apply.
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: Save up to 10% on premiums every year for the life of the policy on Suncorp Life Insurance. Offer ends 30 Sept 2024. T&Cs apply.
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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  • 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.

Why choose Kogan Life?

  • Once approved, you are covered for life.
  • You can choose a benefit amount between $100,000 and $1,000,000 (depending on your age), allowing you greater flexibility to choose only the cover you need.
  • Your beneficiary may be entitled to an advance of $10,000 while the life insurance claim is undergoing assessment ensuring your family will be supported when they need it most.
  • There's no paperwork to fill out, and you don't need to have a medical or blood test when you apply, giving you quick and easy access to lifelong peace of mind.
  • If you become diagnosed with a terminal illness and have 12 months or less to live, you will receive 100% of your benefit amount.
  • Benefit amount indexed annually to ensure benefit amount compares with living costs when needed most.
  • Wide range of cover with options such as serious illness, total and permanent disability or children's insurance.

When will or won't a benefit be paid?

Kogan Life Insurance will be paid out in these instances:

  • If the insured suffers death due to the result of an insured event, for instance death due to a terminal illness and you have selected that additional option in your life insurance package.
  • When there is sufficient evidence to prove that the insured event occurred, for example medical certificates stating cause of death and date.

Kogan Life Insurance will not be paid out in these instances:

  • If the policy holder has breached their duty of disclosure, meaning that they have failed to provide accurate and honest information on their health status in applying for life insurance. For instance, suffering a heart attack and not disclosing prior heart attacks.
  • If the cause of death originated from a time prior to the life insurance policy starting.

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