Get the Finder app 🥳

Track your credit score


Personal Insurance

Personal insurance can give you and your family financial security.


Fact checked

We’re committed to our readers and editorial independence. We don’t compare all products in the market and may receive compensation when we refer you to our partners, but this does not influence our opinions or reviews. Learn more about Finder .

Personal Insurance is a type of cover that provides financial security to you and your family for events such as a serious injury or illness, loss of ability to earn, total and permanent disablement or even death.

People often get personal insurance in order to maintain their way of living, with financial support to cover any outstanding debts and everyday expenses.

Compare your personal insurance options & get quotes quickly

This protects your income in the event of a serious illness or injury.

Name Product Maximum Monthly Benefit Maximum % of Income Covered Maximum Benefit Period Waiting Period Options
Medibank Standard Income Protection
5 years
30 or 90 days
Medibank health members save 10% every year. T&Cs apply.
Insuranceline Rate Saver Income Protection
5 years
14, 28, 60 or 90 days
Get a $100 bonus gift after 2 months. Plus get 12 months cover for the price of 11 if you pay annually. T&Cs apply.
AAMI Income Protection
5 years
14, 28, 60 or 90 days

Compare up to 4 providers

This helps you go cover your family with a sum of money in the event of your death, disability and more.

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™ .
NobleOak Life Insurance
First month free for NobleOak Life Insurance. T&Cs apply.
ahm Life Insurance
ahm Health members can save 10% off premiums.
Guardian Life Insurance
Zurich Ezicover Life Insurance
Get your first month free. T&Cs apply.
Medibank Life Insurance
Medibank health members save 10% every year. T&Cs apply.

Compare up to 4 providers

Enter your details and one of our partner brokers will call you. They will discuss your quote, options and available products.

Do you smoke?

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

Lender Logos

The four types of personal insurance coverage

Four types of insurance can sum up all other insurance plans available in the market. They may have similar features and benefits, but they have all been designed for one purpose – to give you peace of mind and protection.

They can be purchased separately or as a package depending on your needs and the risks you are exposed to.

Types of personal insurance

The four main types of personal insurance include:

1. Life Insurance

Life insurance is one of the oldest types of insurance in existence. It was also the first to be made readily available to the general public. There are two types of life insurance; whole life policy, in which Australian life insurers offered in the past and term life cover.

Learn more about how life insurance actually works

2. Income Protection Insurance

Income protection insurance is the most overlooked type of insurance policy. A lot of people would purchase car insurance or home insurance without batting an eyelash; while not giving income insurance a thought. Contrary to what is circulating, income insurance can be a great help to you in one of the most stressful times of your life – temporary unemployment due to an illness or injury, which could often last for an extended period of time.

Learn more of the benefits of income protection

3. Critical Illness or trauma

Critical Illness insurance pays you a lump sum upon diagnosis of a traumatic medical event, such as heart disease, cancer, or stroke. As it is a type of a living insurance, it does not wait for you to die before you can benefit from it. Also known as Trauma Insurance, Critical Illness insurance can be a great help when you are going through tough medical situations by providing an alternative source of funding to your financial commitments, so that you can focus on getting better.

4. Total and Permanent Disability (TPD) Insurance

TPD cover provides a lump sum payment to help you cover for the costs and expenses incurred when you have been rendered permanently disabled, due to a serious illness or injury, and it is unlikely for you to return to a full working capacity in the future. This lump sum benefit can be used by you and your family to:

  • Pay for medical expenses
  • Pay for your rehabilitation costs
  • Cover fees on hiring a nurse/housekeeper
  • Modify your home and vehicle to cater to your new condition
  • Keep up with daily living expenses and other immediate financial commitments.

In short, Total and Permanent Disability insurance allows you the financial freedom that could otherwise be difficult to achieve when you become disabled. TPD insurance can ease the stress of the situation and you can have the peace of mind knowing that there is a financial backup to fall upon despite of your new condition.

Learn more about how TPD Insurance actually works

Compare quotes for personal insurance from Australian brands

More guides on Finder

Ask an Expert

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.

4 Responses

  1. Default Gravatar
    RhiannonMarch 5, 2018

    I have been working on my car in a panel shop and the owner of the shop wants me to get insurance, so that if anything happens to me we are both protected,
    I’m not actually working for him but being on his business shed he wants to make sure we are both protected, what would be the best insurance for that?

    • Avatarfinder Customer Care
      MayMarch 6, 2018Staff

      Hi D,

      Thanks for your inquiry. Please note that finder is a comparison website and does not offer insurance ourselves.

      Your employer can actually get an insurance so any work-related incidents in your workplace will be covered. He can talk to a consultant about workers’ compensation insurance. On this page, he can find workers compensation insurance guide. Best to fill out the form on that page as well so your employer can be called by a consultant within a business day and discuss his options.

      Hope this helps.


  2. Default Gravatar
    AndrewJuly 6, 2017

    I would like to purchase personal insurance that would cover me for competing in the sport of rodeo- bull riding etc.

    • Default Gravatar
      LiezlJuly 7, 2017

      Hi Andrew,

      Thanks for reaching out. Just to confirm, you have reached finder, a comparison and information service and not actually an insurer.

      As this sport can be considered as high risk, so most insurers won’t be able to cover you. You might need a specialised professionals policy which may be taken out through your industry association or your employer.


Go to site