| | |
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.
| | |
| | |
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. | | |
| | |
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. | | |
| | |
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.
| | |
| | |
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. | | |
| | |
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. | | |
| | |
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. | | |
| | |
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. | | |
| | |
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. | | |
| | |
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. | | |
| | |
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. | | |
| | |
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.
| | |
| | |
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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