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Real Life Insurance

Find out if this award-winning insurer has a policy for you.

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Real Life Insurance

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Real Insurance provides a range of insurance options to families and individuals and has won multiple awards since starting out in Australia in 2005. Some of the highlights of a policy with Real Insurance include no medicals or blood tests, a 100% lump sum benefit if you're diagnosed as terminally ill and an Australia-based call centre for stress-free claims. You'll also get back 10% of premiums you've paid in the first 12 months.

If this all sounds good to you, you can find out more about what its individual policies cover you for below:

Get the latest deal from Real Life Insurance

Real Life Insurance Deals Real Life Insurance Deals

Get 10% of premiums back in the first 12 months

Receive 10% of premiums you’ve paid in the first 12 months with The Real Reward program.

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Get a quote for Real Life Insurance

Name Product Maximum Cover Maximum Entry Age Minimum Cover Terminal Illness Benefit
Real Family Life Cover
Get a refund of 10% of the premiums you've paid (in the first 12 months) with The Real Reward™ .

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A quick review of Real Life Insurance

Maximum sum insured$1,000,000
Age of entry18-64
How do I apply?Over the phone with Real

Based on the Family Life Cover policy. Information last updated June 2020. Always consult the Product Disclosure Statement (PDS)

  • Underwriter has a strong financial rating
  • No 'level premium' option is offered
  • Additional benefit offered for traumatic injuries
  • No medical assessment (great if you are in good health)

Based on the Family Life Cover policy. Information last updated June 2020. Always consult the Product Disclosure Statement (PDS)

This cover might be suitable if:

  • You're looking for quick and easy cover with no medical assessment.
  • Cover that can be kept for life (as long as premiums are paid)

Apply carefully if:

  • You have pre-existing conditions - as you'll need to declare when you apply (and wait for assessment). Otherwise, they could be excluded at claim time.

Don't get this cover if:

  • You want your premiums to stay the same for life.

Based on the Family Life Cover policy. Information last updated June 2020. Always consult the Product Disclosure Statement (PDS)

Note: The following is based on the insurer Hannover Life Re of Australasia Ltd. Real is the actual insurer behind brands like Real Life Insurance and a few others.

Claims dataHannoverIndustry Average
Claims acceptance rate88.70%88.1%
Average claim time (months)0.603.1
Claim disputes (per 100,000 lives insured)7.807.8

We looked at APRA data for claims over 2017-2018. The statistics above reflect 'death cover' claims.

About Real

Real Insurance is a fairly new player in the insurance market, but it has quickly emerged as a key industry disrupter thanks to their impressive range of products. Real insurance has collected a highly experienced team that are dedicated to providing real customer service, as well as products that are easy to understand and manage.

Real Insurance operates under the Hollard Insurance Group – one of the world’s leading insurance groups. Customer service is a priority at Real Life Insurance which has gone a long way in establishing a pool of loyal customers and members.

Real Insurance's products extend beyond life insurance and its products include:

  • Real Income Protection Insurance
  • Real Funeral Insurance
  • Real Pet Insurance
  • Real Car Insurance
  • Real Home Insurance
  • Real Travel Insurance
  • Real Bike Insurance
  • Real Landlords Insurance

Why go with Real Life Insurance?

Real Insurance products are issued by Hannover Life Re of Australasia Ltd ABN 37 062 395 484, a wholly-owned subsidiary of Hannover Re and is part of the Hannover Re Group worldwide. Hannover Re is one of the largest life reinsurers in the world, and has a Standard and Poor’s Insurer Financial Strength of AA (Very Strong), and has maintained this rating for a number of years.

What types of life insurance are offered by Real?

Real Family Life Insurance offers up to a $1 million benefit to cover death and terminal illness.

Maximum benefit amount (at Commencement Date)

Current AgeBenefit Amount
18 - 44$1,000,000
45 - 54$750,000
55 - 59$500,000
60 - 64$300,000

Conditions apply, make sure you read the product disclosure statement (PDS) before applying. Information last checked as correct in June 2020 and is subject to change at anytime.

Additional options available

Real Family Life Cover offers a range of insurance combinations to suit what you require. Under the umbrella life cover term falls various other additional insurance options including:

  • Children Insurance. Pays a lump sum benefit if the insured child experiences Death (from after three months of the policy starting), Accidental Death (from the day cover starts), Paralysis, Blindness, Deafness, Total and Permanent loss of use of one limb, Encephalitis, Meningitis or Major Head Trauma.
  • Serious Illness Insurance. Pays a lump sum benefit of $20,000 up to the lesser of $500,000 or 50% of the Life Insurance Benefit if the insured person experiences a serious illness as described in the insurance policy. Serious illness conditions include Heart Attack, Malignant Cancer, Stroke or Coronary Artery Bypass.
  • Total and Permanent Disability Insurance. Pays a minimum lump sum benefit of $50,000 to a maximum of $1 million if the insured person becomes Totally and Permanently disabled. Total and Permanent Disablement of the Insured person is classified by Real Insurance as:
    • Loss of limbs or sight
    • Unable to work
    • Loss of independent existence
Total and Permanent Disability Insurance, also known as TPD Insurance, provides a lump sum benefit payment if you become totally and permanently disabled and are unable to work.

The minimum benefit amount that will be paid under Real TPD Insurance is $50,000. The maximum benefit amount payable under this type of cover varies depending on your age, as is shown in the table below.

AgeMaximum Benefit Amount
18 - 44$1,000,000
45 - 54$750,000
55 – 59$500,000
60 - 64Not applicable

Conditions apply, make sure you read the product disclosure statement (PDS) before applying. Information last checked as correct in June 2020 and is subject to change at anytime.

Total and permanent disability is defined as where, as a result of sickness or injury, you:

  • Suffer the loss of your limbs or sight.
  • Are unable to work. In addition, you must be deemed to be unable to ever work in any occupation for which you are suitably qualified by education, training or experience. On the other hand, if you're a homemaker you must be unable to engage in normal domestic duties for a period of at least six consecutive months, and be deemed unable to ever perform normal domestic duties or any occupation to which you are reasonably qualified.
  • Suffer a loss of independent existence. This means you suffer a permanent and irreversible inability to perform any two activities of daily living without the assistance of someone else: washing, dressing, eating, continence, mobility.

When will it not be paid?

Real Insurance will not pay a benefit under your Total and Permanent Disablement Insurance cover if your disability is a direct or indirect result of:

  • An intentional act performed by the life insured, the policyholder, or anyone who would otherwise be entitled to all or part of the benefit amount; or
  • An injury caused by your involvement in any motor sport as a rider, driver or passenger.

A benefit will also not be paid where Real Insurance has agreed upon a special term with you that specifically excludes the event or condition leading to your claim.

Key Benefits and Features of Real Insurance Policies

No matter which combinations you choose to complement your Real insurance policy, these features will be built-in at no extra cost.

  • 30 day money back guarantee: Real Life, Funeral, and Income Protection Insurance allow 30 days from the commencement of your insurance policy to make sure you are happy with your policy. You are able to have your policy cancelled and any premiums refunded if you change your mind, unless a claim has already been made.
  • Automatic sum insured increases: To keep up with the rate of inflation, benefits on Life Insurance are automatically increased every year by 5%, even if the maximum amount of coverage is reached.
  • Premiums: Premium are subject to change. However, changes must be applied across all policy owners. At least 90 days notice will be given for any premium change.
  • Payment flexibility: Your premium will be debited on the date of your choice, either fortnightly, monthly or annually. You can pay by automatic debit from your bank, credit union or building society account or by charge to your credit card. You may also change your method of payment at anytime.
  • Claim flexibility and simplicity: Claims can be made through mail or telephone.
  • The Real Reward: Once you have held your policy for 12 months, you will receive a 10% refund on the premiums you have paid in that time.

Other standalone products available from Real


How do I get Real Life Insurance quotes online?

To receive a Real Life Insurance quote, simply follow one of the secure links located in the table above. After submitting your details securely online via the enquiry form, a Real Life Insurance Consultant will contact you to discuss your enquiry and how much you can expect to pay for cover based on the details that you have provided. This will be a preliminary quote and may be subject to change, depending on the product, based on the applicant's situation i.e. any medical conditions. After reviewing the cover and premiums you can expect to pay, you can kick off your insurance application. Some applicants may be required to submit further medical underwriting if they have pre-existing conditions.

Details that Real Life Insurance requires to provide you with a preliminary quote include:

  • Date of birth
  • Gender
  • Smoker status
  • Level of cover
  • First name
  • Last name
  • Phone

Get a quote for Real Life Insurance

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