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Allianz Critical Illness cover
Sometimes even the healthiest people are diagnosed with serious illnesses. Critical Illness (also known as Trauma Insurance) can be added onto your Allianz Life Insurance cover.1
The benefit pays a lump sum benefit if you suffer from one of the 14 defined Critical Illnesses and may help relieve your financial burden at a very stressful time.
If your claim is accepted, Critical Illness benefits are paid regardless of your ability to work. The funds can be used for any purpose you choose – for example to seek specialist or alternative medical treatment, to pay down your debts, or make lifestyle changes such as reducing your working hours.
Your cover continues until the policy anniversary after your 70th birthday, as long as your premiums are paid when due.
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What's covered
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What's not covered
What's covered
What's not covered
This product is not suitable for purchase within a superannuation fund.
This is a summary of only some of the features and benefits available on Allianz Life Plan. Before deciding on a policy, read the Product Disclosure Statement (PDS) which sets out the standard terms, conditions, limits, definitions, exclusions, waiting periods, exclusion periods and information about taking a combination of cover. If you consider it appropriate, speak with a financial adviser before deciding on any cover.
How much cover can you get?
When you apply to add Critical Illness cover
- If you are aged 16-55, the minimum Cover Amount is $50,000 and you can get up to $500,000 cover
- You must also apply for Life cover
- Your Critical Illness cover amount can’t be more than the Life Cover Amount
How does a Critical Illness claim impact the rest of your life insurance coverage?
Combination of Cover
Any payment for Critical Illness cover will reduce any other covers by that payment amount. If a payment made under the Critical Illness cover reduces any other cover amount to $0, then that cover will cease for the Life Insured.
Life cover Buy Back
If Critical Illness cover is paid in full, we may reinstate the reduced Life Cover Amount that was reduced because of the Critical Illness payment after a 12-month waiting period. Critical Illness cover and Permanently Unable to Work cover won’t be reinstated as part of the Life cover Buy Back feature. This feature can be activated once, on the first eligible claim.
Refer to the 'Taking a combination of cover' and the 'Life cover Buy Back' sections in the Product Disclosure Statement for full details.
Why choose Allianz Life Insurance?
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Clear to understand
Life insurance that’s designed to be as clear and straightforward as possible.
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Simple to purchase
Apply, get assessed, and be covered in minutes – no paperwork or waiting.
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Caring claims team
Caring and compassionate claims support when you need it most.
Award-winning insurance
We’re proud to have won numerous industry and customer awards.
How to apply for Critical Illness cover
Step 1 – Start your journey with a free, no-obligation Life cover quote today! You can easily enhance your coverage by adding our Critical Illness cover.
Step 2 – Apply online or call us. Answer questions about you without providing any medical reports or undergoing tests.
Step 3 – We're here to guide you through each step, making it easy to create the perfect insurance plan for your needs.
Find out more about Life Insurance
Life Cover (required)
Life cover, or Life Insurance, covers death or a diagnosis of a Terminal Illness likely to result in death within 24 months, to help assist your family’s finances.3,5
To get Critical Illness or Permanently Unable to Work cover, you need to take out Life cover.
Permanently Unable to Work cover (optional add-on)
Also known as Total and Permanent Disability (TPD) cover, this optional add on to Life Cover pays you a lump sum if you’re no longer able to work solely because of sickness or injury, or suffer a Major Physical Impairment, helping to reduce the financial impact of not being able to work.4,5
This is a summary of only some of the features and benefits available on Allianz Life Plan. Before deciding on a policy, read the Product Disclosure Statement (PDS) which sets out the standard terms, conditions, limits, definitions, exclusions, waiting periods, exclusion periods and information about taking a combination of cover. If you consider it appropriate, speak with a financial adviser before deciding on any cover.
Frequently asked questions
Critical illness cover provides a lump sum upon diagnosis of a serious illness, while Total and Permanent Disability (TPD) insurance pays if you're permanently unable to work due to illness or injury; or you suffer a Major Physical Impairment.
The cost of Critical Illness insurance varies widely depending on factors like age, gender, health, lifestyle, and the coverage amount you choose.
Our Trauma cover is called Critical Illness cover. It pays you up to $500,000 depending on your age. We'll pay a lump sum if you’re diagnosed with one of the 14 defined Critical Illnesses.1
Each Critical Illness is assessed against a specific definition in the Product Disclosure Statement before any claim can be paid.
Critical Illness cover may be worthwhile if you rely on your income to support yourself or your family. It may help provide some financial security if you’re no longer able to earn a living due to serious illness.
No, Critical Illness pays a lump sum if you're diagnosed with one of the 14 defined Critical Illnesses.
The amount you need will depend on your age, occupation, lifestyle, family and finances.
You may wish to take into consideration factors such as debts, ongoing living costs and medical care if you couldn’t work again. Allianz offers up to $500,000 if you’re aged 16 – 55.
You may wish to consult a financial adviser regarding the amount of cover you require.
If you buy Critical Illness cover outside super, the premiums you pay are generally not tax deductible. However, the lump sum payout is typically not taxed.
You should talk to your professional tax adviser for advice regarding your personal circumstances.
Call 1300 362 108 or email us and one of our friendly specialists will discuss claim options with you and send you the relevant claim form to complete, sign, and return to us.
Once we’ve received the claim form and any other requested documentation, we’ll assign a claims case manager who will assess the claim and be your main point of contact.
We're here to help
Explore our Help page for questions about your policy, claims, payments, and more. If you need to reach us, we're ready to connect.
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*Conditions apply
Critical Illness cover
Critical Illnesses covered under this product are certain types of Vascular Disease, Cardiac Surgery, Cancer of specified severity, Degenerative Diseases, and Major Organ Failure. Each Critical Illness has a specific definition as outlined in the Product Disclosure Statement.
We will not pay a Critical Illness benefit where the Critical Illness is intentionally self-inflicted.
Refer to the Policy benefits ‘Critical Illnesses cover’, ‘When a Critical Illness benefit will be payable’ and ‘When is a benefit not payable (policy exclusions)?’ sections of the Product Disclosure Statement for full details.
90-day exclusion period
A 90-day exclusion period applies. We won’t pay a benefit if the insured event occurs, is first diagnosed, the symptoms leading to the diagnosis become apparent, or the recommendation for surgery is made within 90 days of:
- the commencement of the benefit;
- any increase in the benefit (but only in respect of the increase); or
- the reinstatement date where we have agreed to reinstate the benefit after it has lapsed.
If one of these conditions or events occurs again after the 90-day exclusion period and is not related to the first occurrence, a new claim can be lodged for that occurrence.
Refer to the Policy benefits ‘Critical Illnesses cover’, ‘When is a benefit not payable (policy exclusions)?’ section of the Product Disclosure Statement for full details.
Life cover and Terminal Illness
A Terminal Illness means a Sickness which is likely to result in your death within 24 months. This requires the written opinion of a Specialist supported by reasonable medical evidence in relation to your life expectancy.
Terms, conditions, limits and exclusions apply. Refer to Policy benefits ‘Life cover’ and ‘When is a benefit not payable (policy exclusions)?’ sections of the Product Disclosure Statement for full details.
Permanently Unable to Work cover
Provides cover if:
- a) you suffer a defined Major Physical Impairment due to Sickness or Injury, or
- b) you have solely because of Sickness or Injury:
- been continuously unable to work for a period of at least 90 consecutive days; and
- are unlikely ever to work again in any occupation for which you are suited based on your work experience, education and any training you’ve had.
To apply for Permanently Unable to Work cover you must be working on a permanent basis in an eligible occupation type for at least 20 hours per week. We won’t pay a Permanently Unable to Work benefit where the condition is intentionally self-inflicted.
Refer to the Policy benefits ‘Permanently Unable to Work cover’, ‘When a Permanently Unable to Work benefit will be payable’ and ‘When is a benefit not payable (policy exclusions)?’ sections in the Product Disclosure Statement for full details.
Cover Amounts, combination of cover and Life cover Buy Back
Maximum cover amounts apply and are dependent on your age at the time of application. The Critical Illness cover amount and Permanently Unable to Work cover amount can’t exceed the Life cover amount. The minimum cover amount for Critical Illness cover is $50,000, and $100,000 for Life cover and Permanently Unable to Work cover. The total amount payable under a policy is the Life cover amount listed on the Policy Schedule. Other conditions apply.
Policies must include Life cover; taking a combination of cover you can also apply to add Critical Illness cover and Permanently Unable to Work cover. If we make a full Life cover payment in the event of death or Terminal Illness, then the Life Insured’s policy will cease. Any payment for Critical Illness cover or Permanently Unable to Work cover will reduce any other covers by that payment amount. If a payment made under the Critical Illness cover or Permanently Unable to Work cover reduces any other cover amount to $0, then that cover will cease for the Life Insured.
If Critical Illness cover or Permanently Unable to Work cover is paid in full, we may reinstate the Life Cover Amount that was reduced as a result of the Critical Illness or Permanently Unable to Work payment after a 12-month waiting period. Critical Illness cover and Permanently Unable to Work cover won’t be reinstated as part of the Life cover Buy Back feature. This feature is not included in policies purchased on a PDS with a preparation date prior to 12 December 2012.
Refer to the 'How much cover can I apply for?', 'Maximum benefits payable', 'Taking a combination of cover' and the 'Life cover Buy Back' sections in the Product Disclosure Statement for full details.
Allianz acknowledges Aboriginal and Torres Strait Islander peoples as the Traditional Custodians of the lands on which we live and work across Australia. We pay our respect to First Nations Elders past and present.
Any advice here does not take into account your individual objectives, financial situation or needs. Terms, conditions, limits, and exclusions apply. Before making a decision about this insurance, consider the relevant Product Disclosure Statement (PDS)/Policy Wording and Supplementary PDS (if applicable). Where applicable, the PDS/Policy Wording, Supplementary PDS and Target Market Determination (TMD) for this insurance are available on this website. We do not provide any form of advice if you call us to enquire about or purchase a product.
Allianz Australia Insurance Limited ABN 15 000 122 850 AFS Licence No. 234708 is the insurer of any general insurance products offered, and Allianz Australia Life Insurance Limited ABN 27 076 033 782 AFS Licence No. 296559 is the insurer of any life insurance products offered. Each entity is responsible for any statements and representations made about its products, on this website.