Explore the personal insurance cover options available to you
Life Insurance is designed to provide financial support for your loved ones if you pass away or are diagnosed with a terminal illness (where covered by the policy). It generally pays a lump sum benefit to your chosen beneficiaries, helping to reduce financial stress during one of life's most difficult times.
The benefit can be used in whatever way your family needs most, from paying off a mortgage and covering everyday living expenses to funding children's education, paying debts, funeral costs, or helping maintain their lifestyle after the loss of an income earner. For business owners, Life Insurance may also assist with business succession planning or provide funds for business partners to buy out your share.
A Life Insurance benefit may help cover:
Life Insurance is commonly considered by people who have financial responsibilities or someone who relies on them, including:
Life Insurance policies offer a range of features and options depending on the insurer and policy selected. These may include CPI indexation, guaranteed future insurability, funeral benefits, and access to financial planning support following a claim.
Premiums are generally available as either stepped or level (variable) premiums:
Depending on the policy and your circumstances, Life Insurance may also be available to hold through your superannuation fund.
Life Insurance claims can arise in a range of circumstances, including:
Total & Permanent Disability (TPD) Insurance is designed to provide financial support if you suffer a serious illness or injury that leaves you permanently unable to work. It generally pays a lump sum benefit, helping reduce the financial impact of losing your ability to earn an income.
A TPD benefit may be used to pay off debts, cover ongoing living expenses, fund medical treatment and rehabilitation, make modifications to your home, or provide for long-term care and support. The payment is made directly to you (or as permitted under the policy if held through superannuation), giving you flexibility to use the funds where they're needed most.
A TPD benefit may help cover:
TPD Insurance is commonly considered by people who rely on their income or have financial commitments, including:
TPD cover is generally available under two different definitions, depending on the insurer and policy selected:
The definition available to you may depend on factors such as your occupation, employment status, and whether the policy is held inside or outside superannuation.
TPD policies can include a range of features depending on the insurer and policy selected. These may include guaranteed future insurability, financial planning support following a claim, accommodation benefits for family members, and waiver of premium benefits in certain circumstances.
Premiums are generally available as either stepped or level (variable) premiums:
Depending on the policy and your circumstances, TPD Insurance may also be available to hold through your superannuation fund.
TPD claims can arise in a range of circumstances, including:
Critical Illness Insurance, commonly known as Trauma Insurance, is designed to provide financial support if you are diagnosed with a specified serious illness or medical condition covered under the policy. It generally pays a tax-free lump sum benefit upon diagnosis, allowing you to focus on recovery rather than immediate financial pressure.
Unlike Income Protection Insurance, Trauma Insurance pays a lump sum regardless of whether you return to work in the future. The benefit can be used in whatever way best supports you and your family — from paying for treatment and rehabilitation to covering household expenses, mortgage repayments, or taking time away from work while you recover.
A Trauma Insurance benefit may help cover:
Trauma Insurance is commonly considered by people who want financial support if they're diagnosed with a serious medical condition, including:
The conditions covered vary between insurers and policies, but commonly include serious medical events such as:
Trauma Insurance policies can include a range of features depending on the insurer and policy selected. These may include partial payments for certain early-stage conditions, CPI indexation, loyalty benefits, and guaranteed future increase options without further medical underwriting.
Premiums are generally available as either stepped or level (variable) premiums:
Trauma Insurance is generally held outside of superannuation, as current superannuation rules generally do not allow Trauma Insurance to be owned within super.
Trauma claims can arise in a range of circumstances, including:
Income Protection Insurance is designed to help replace a portion of your income if you're unable to work due to illness or injury. Instead of paying a lump sum, it generally provides regular monthly payments while you're unable to work, helping you continue meeting your financial commitments during your recovery.
The monthly benefit can help cover mortgage repayments, rent, bills, groceries, and other everyday living expenses while you're off work. Income Protection can provide financial stability while you focus on recovering and returning to work.
Income Protection payments may help cover:
Income Protection is commonly considered by people who rely on their income to meet day-to-day expenses, including:
Income Protection can be tailored to suit your personal circumstances and budget. Depending on the insurer and policy selected, you can choose:
Policies may also include features such as partial disability benefits, rehabilitation and return-to-work support, superannuation contribution benefits while on claim, accident benefits, crisis benefits, and business expense cover for eligible self-employed clients.
Premiums are generally available as either stepped or level (variable) premiums:
Depending on how the policy is owned and your personal circumstances, premiums for Income Protection Insurance may be tax deductible. Tax treatment depends on your individual circumstances.
Income Protection claims can arise in a range of circumstances, including: