TAL offers farmers respite from their life insurance premiums

Posted: 29 August 2018 1:14 pm

Drought-stricken farmers to have their premiums waived for six months.

In an effort to ease pressure on the budgets of its drought-stricken life insurance customers, TAL announced it is waiving premiums for the next six months.

"This support will ensure that farmers in drought-affected areas and their families can maintain the life insurance cover they need and provide some financial relief during this difficult time," group CEO and managing director Brett Clark said of the assistance package in a statement.

Farmers in drought-affected areas of New South Wales and Queensland are encouraged to apply for the waiver, which will see premium payments that are due from 1 September 2018 waived and continue for the next six months. Current TAL customers can apply for the premium waiver until 30 November 2018.

"We understand that in these challenging circumstances, every dollar counts, and we are proud to support farmers in NSW and Queensland who are impacted by the drought," Clark said.

In order to claim the waiver you need to be:

  • A current TAL customer.
  • Live in a drought-affected area of New South Wales or Queensland.
  • Qualify for the Federal Government's Farm Household Allowance.
  • Provide a copy of your Federal Government Farm Household Allowance approval.

To apply for the waiver you'll need to get in touch with TAL before 30 November 2018, and lodge your application over the phone by calling 1300 209 088 or sending an email to customerservice@tal.com.au.

While TAL is the only life insurer to so far offer a relief package, they are not the first insurer with both Bupa and nib announcing a similar initiative last week.

Compare your life insurance options online

Latest life insurance news

Picture: Shutterstock

Get more from Finder

Ask an Expert

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au 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.
Go to site