Real Children’s Insurance Option

Read more on how to get additional child cover with Real.

The Children’s Insurance option offered by Real Insurance is available as an additional option on the Family Life Cover policy. If your child suffers a serious illness or injury, for example paralysis or major head trauma, you will receive a benefit payment. This offers peace of mind and helps protect your family’s financial security.

You can take out Children’s Insurance with your life cover for all of your children aged between two and 17 years, while you can apply for either a $20,000 or $50,000 benefit for each child.

After a quote? Apply now for Real Family Life Insurance with optional child cover

Name Product Maximum cover Maximum Entry Age Minimum Sum Insured Guaranteed Future Insurability Expiry Age Short Description
No expiry age as long as premiums are paid
First month FREE when you take out Real Family Life Cover. Available for a limited time (T&Cs apply).

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Who can take out Real Children’s Insurance and how much cover can I apply for?

If you’re the parent or legal guardian of a child aged between two and 17 years of age, you can apply for this option on your life insurance cover. In addition, this type of cover lets you insure more than one eligible child so that there is adequate protection in place for the whole family.

You can apply for an insurance benefit amount of $20,000 per child, rising in $10,000 increments to a maximum benefit amount of $50,000. Only one benefit amount is payable per insured child.

This benefit can make a huge difference to your family’s emotional and financial wellbeing in a time of crisis.

When will a Real Children’s Insurance benefit be paid?

Under Real Insurance’s Children’s Insurance option, your policy will pay a benefit if your child suffers one of the following insured events:

  • Accidental death
  • Paralysis
  • Blindness
  • Deafness
  • Total and permanent loss of the use of two limbs
  • Encephalitis
  • Meningitis
  • Major head trauma

In the event of accidental death, the benefit will be paid as a lump sum as long as Real Insurance hasn’t already paid a benefit in relation to a serious illness or injury for that same child.

In terms of the other serious injuries and illnesses mentioned above, they must be diagnosed by a medical practitioner and then confirmed by Real Insurance’s medical advisers.

When will the Real Children’s Insurance benefit not be paid?

There are, however, several events and incidences when the Real Insurance Children’s Insurance benefit amount will not be paid. No benefit will be paid if the insured child suffers any of the serious illnesses and injuries listed above as a direct or indirect result of:

  • A congenital condition; or
  • An intentional act by the policy owner or any other person who would be entitled to all or a portion of the benefit payment; or
  • An injury which occurs or an illness which becomes known before the Children’s Insurance cover starts, or during the first three months after the Children’s Insurance cover begins. In addition, no claim will be paid if the injury or illness occurs within the first three months after the policy is reinstated. After this three-month period ends, injuries and illnesses your child suffers will be eligible for benefit payments.

Only one benefit amount will be paid for every insured child, while the total benefit payable will not exceed $50,000 for each child (plus any automatic sum insured increases applied to the policy).

Children’s Insurance is a wise and sensible investment that can help take some of the stress and financial impact out of what can be a very traumatic situation. If you think Real Insurance’s Children’s Insurance option might offer the right level of cover for you and your family, speak to an insurance consultant to ensure you get expert advice to help you pick the cover you need.

Interested in Applying for Real Children's Insurance Option?

If this cover option sounds like a suitable addition to the life cover option, you can make a secure enquiry in the link above to be directed through to the Real Insurance website. Cover can be put in place quickly provided you meet Real eligibility requirements. Finder recommends that you always read through the product disclosure statement prior to taking out cover to ensure you know exactly what you are covered for.

William Eve

Will is a personal finance writer for specialising in content on insurance. While he cannot give personal advice to clients, Will enjoys explaining the intricacies of different types of protective cover to help individuals and businesses find affordable cover that won't leave them underinsured.

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