nib Life Insurance Review
nib Life Insurance is no longer available to new customers but there's no change if you're an existing customer.
Maximum covered amount | $1,000,000 |
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Age of entry | 18 |
How do I apply? | Directly by contacting nib |
Pros | Cons |
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This cover might be suitable if:
- You want to save money by paying annually.
- You are healthy and don't want to go through a medical assessment.
- You want a popular and well known brand.
Don't get this cover if:
- You want your premiums to stay the same for life.
What life insurance policies were available from nib?
Value Life Insurance
- Pays a lump sum up to $1 million if you die or become terminally ill
- Can be used to help your family pay off the mortgage, pay bills and maintain current lifestyle
- Choose cover from $100,000 up to $1 million
- Advance Payment on approved claims of $10,000 to cover funeral expenses and other immediate costs
- Premiums waived for up to six months if you’re seriously incapacitated from an accident
- Simple to apply with no medical tests required
- Worldwide cover 24/7
Note: Be sure to check the Product Disclosure Statement (PDS) for terms and conditions.
Income protection
- Provides a replacement income when you are unable to work due to illness or injury
- Provides an ongoing monthly benefit of 85 per cent of your regular income (up to a maximum of $10,000 per month)
- Save up to 30 per cent off your premiums if you’re in good health
- Receive a benefit for up to 24 months while you recover
- Optional extra cover for Permanent Disability
- Basic Cover also offered for stay-at-home parents, self-employed applicants and students
- Choice of waiting periods: 14 or 28 days
- Pay premiums annually and receive 12 months cover for the cost of 11
Note: Be sure to check the Product Disclosure Statement (PDS) for terms and conditions.
Compare direct life insurance policies now
Why compare life insurance with Finder?
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You pay the same price as buying directly from the life insurer.
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We're not owned by an insurer (unlike other comparison sites).
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We've done 100+ hours of policy research to help you understand what you're comparing.
An adviser can help you find cover from trusted life insurance brands.
- Get competitive quotes from multiple brands
- Lower rate of declined claims (according to ASIC)
- Save time and effort

How do I make a claim for nib Insurance?
nib ’s claims process is designed to be as simple and straightforward as possible. You or your nominated beneficiary will need to phone nib to inform the provider of your wish to make a claim. You will then be sent a claim form to complete, sign and then return to the insurer.
You will also need to supply any documentation or evidence required by the insurer to support your claim. Examples of this may include:
- A certified copy of proof of age of the life insured
- Evidence of the date and location of any event that led to an injury or Illness.
- Evidence from a medical practitioner about the extent of an illness or injury, for example clinical, radiological and laboratory evidence
- Confirmation that any surgical procedures are medically necessary
- Proof of income for the last 12 months or last financial year (for income protection claims)
Why you can trust Finder's life insurance experts

We're free
You pay the same as buying directly from the life insurer. Better still, we regularly run exclusive deals that you won't find on any other site – plus, our tables make it easy to compare policies.

We're experts
Our team of life insurance experts have researched and rated dozens of policies as part of our Finder Awards and published 250+ guides to make it easier for you to compare.
We're independent
Unlike other comparison sites, we're not owned by an insurer. That means our opinions are our own and we work with lots of life insurance brands, making it easier for you to find a good deal.

We're here to help
Since 2016, we've helped 270,000+ people find life insurance by explaining your cover options, simply and clearly. We'll never ask for your number or email. We're here to help you make a decision.
Some questions you might have about your nib Insurance
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