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Life Insurance

Help secure your family's future with the world’s #1 insurance brand1

Nothing’s worth more than you. Especially to them. Get Allianz Life Insurance online instantly.2 No medical tests required.

What is life insurance and why is it important?

Life insurance is a way of helping to look after your family's financial future and may provide much needed security in times of uncertainty.

Our Life Insurance pays a lump sum in the event of your death or if you’re diagnosed with a Terminal Illness,3 which can help support your family when you’re no longer around to provide for them. The lump sum payment can be used for any purpose and can help your loved ones cover things like debts and living expenses at a time when they may need it most.

When you take out Life cover,3 you have the option of applying for Critical Illness cover4 and Permanently Unable to Work cover5 at an added cost, which can help preserve your way of life.

You’re also entitled to a 30-day cooling off period if you change your mind.6

Need to make a claim? We’re here to help. Lodging a claim with us is easy.
Learn more

Why choose us?

World's #1 insurance brand

Allianz Life is part of Allianz Group, which has been recognised as the world's top insurance brand by Interbrand's Best Global Brands 2024

Pay monthly at no extra cost

When you buy or renew, you have the flexibility to pay annually or monthly at no extra cost 12

Specialist assistance

Our team of specialists understands the importance of Life Insurance and is here to help

Life Insurance Code

We’ve been a Life Insurance Code of Practice Subscriber since 2017

What Allianz Life Plan covers

Allianz Life Plan includes Life cover, and the option to apply for Critical Illness cover and Permanently Unable to Work cover for added protection.
Man holding his son

Life cover

Life cover, or Life Insurance, covers death or Terminal Illness to help protect your family’s future.3,7
  • Up to $1.5m cover depending on your age7,8
  • Terminal Illness where death is likely to occur within 24 months3
  • $15,000 funeral advancement included within the cover9
  • Guarantee to continue cover until the policy anniversary after your 99th birthday10
  • Benefit increases every year to stay ahead of inflation11
Learn more
Woman giving a girl a piggyback

Critical Illness cover

Critical Illness cover, or trauma cover, can help relieve your financial burden if you’re diagnosed with a defined Critical Illness event.4,7,8
  • Up to $500,000 cover depending on your age7,8
  • Pays a lump sum benefit if you suffer one of the 14 defined Critical Illnesses4
  • Guarantee to continue cover until the policy anniversary after your 70th birthday10
  • Benefit increases every year to stay ahead of inflation11
  • Reinstate your Life cover amount 12 months after a Critical Illness claim8
Learn more
Man in a wheelchair with his dog

Permanently Unable to Work cover

Permanently Unable to Work cover, or Total and Permanent Disability (TPD) cover, helps minimise the impact that sickness or injury has on your way of life.5,7,8
  • Up to $1.5m cover depending on your age7,8
  • Pays a lump sum benefit if you’re unlikely ever to work again due to sickness or injury, or suffer a Major Physical Impairment5
  • Guarantee to continue cover until the policy anniversary after your 65th birthday10
  • Benefit increases every year to stay ahead of inflation11
  • Reinstate your Life cover amount 12 months after a Permanently Unable to Work claim8
Learn more
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 eligibility criteria, 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 to apply for Life Insurance

You can apply for Life Insurance online in three easy steps, without the need for a medical or blood test. Or if you prefer, give us a call on 13 1000.

1. Get a free no-obligation quote

2. Apply online with no medicals required

3. Pay online and secure cover

Already have a Life Insurance policy with us?

We aim to make managing Life Insurance simple for policy holders.

Lodge a claim

We understand that making a claim can be a time of great stress. We’re here to help. Give one of our friendly specialists a call on 1300 362 108 Monday to Friday, 8am to 5pm AEST (excluding public holidays).
Learn more

Find documents and forms

We make important updates to our Life Insurance products from time to time. Find up to date product information, and access existing customer policy documents and forms.
Access policy documents and forms

Update your contact details

To make sure you receive important policy information, check your contact details are up to date.

Update your contact preferences and go paperless to receive policy information by email.

Update your details

Update your payment details

Call us to update your bank account or credit card details, or to make a payment.
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or
Pay for a missed payment online

Manage your policy

Call us to make changes to your policy, including adding an additional Policy Owner, or increasing your cover amount. If you’ve stopped smoking more than 12 months ago, contact us to apply non-smoking rates to your policy to reduce your premium.
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Cancel your policy

You can cancel your policy within 30 days of receiving the first Policy Schedule by contacting us and we’ll refund any premiums paid, unless a claim has been or can be made under the policy. If you cancel your policy at any other time, you won’t get any money back on premiums paid while covered by the policy.
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Life Insurance calculator

We understand that when you take out life insurance, it’s important the amount you’re insured for reflects what you’ll need to keep your loved ones financially secure when you’re no longer around to provide for them.

Get an estimate within 10 minutes of how much life insurance you may need.

The ASIC Money Smart website is provided by the Australian Securities & Investments Commission. It is independent from Allianz Australia Life Insurance Limited ABN 27 076 033 782 AFS Licence No. 296559 (“Allianz Life”) and Allianz Life makes no warranties regarding the information contained in the website. Before you rely on this information, review the assumptions and disclaimers on the website.

If you’re unsure about the level of cover you need, speak with a financial adviser before deciding on appropriate insurance cover

Ready to get started?

Frequently asked questions

No, the Allianz Life Plan product is not suitable for use within a SMSF.

Allianz Life Plan is available in addition to any life insurance you may have in superannuation. Maximum cover amounts apply.7

If you’re not sure of the level of cover provided through your superannuation fund, you may want to speak to the fund provider, a financial adviser, or an accountant.

Self-employed people face similar needs in many instances to employed people – and may have some additional challenges. Self-employed people may have business partners, personal guarantees on business loans as well as the standard mortgage, debts and dependents to consider. In addition, many self-employed people will find that their superannuation fund may not provide insurance.

We recommend you seek advice from a financial adviser on whether you need life insurance and how life insurance can fit into your personal financial plan.

Yes, provided at the time of application for insurance you were permanently residing in Australia and were an Australian or New Zealand citizen or held an Australian Permanent Residency Visa. However, the policy won’t cover you if any of the policy exclusions apply. For example, we won’t pay any benefits if a claim arises because you didn’t follow advice issued by the Australian Government relating to an overseas location. This includes travelling when a ‘Reconsider your need to travel’ or ‘Do not travel’ alert is in place and not taking action to minimise or avoid any potential claim. See the Product Disclosure Statement for further details.

If you’re an existing Allianz Life Insurance customer, call us on 13 1000 or +61 2 8988 9581 (if calling from outside Australia), to understand whether travelling overseas affects your policy.

Your Allianz Life Insurance policy doesn’t contain a specific policy exclusion for COVID-19 or for taking the COVID-19 vaccine. However, the policy won’t cover you if any of the policy exclusions apply. For example, your policy requires that you follow travel advice issued by the Australian Government relating to any overseas location.

If you apply for a new policy with us, we’ll assess you based on your individual health situation, lifestyle and occupation activities, and your policy documentation will confirm what cover you hold with us.

Allianz Life Plan is a simplified product. Unlike some life insurance products, we don’t ask for a medical or blood test when you apply.

Because of this, we can’t look at extra health information, like test results from your doctor. This means we can’t offer cover if you've been diagnosed with HIV or AIDS.

You may still be able to get cover from another life insurer. Some other companies look at medical information and may be able to offer you cover.

The Allianz Life Plan policy doesn’t contain a specific policy exclusion for HIV/AIDS.

To learn more, see the HIV and life insurance fact sheet (PDF, 9.3 MB) from the Council of Australian Life Insurers (CALI). It explains how life insurers look at your details and seeking cover for HIV/AIDS.

No, our premiums are stepped and increase each year based on your age, any increases in premium rates and policy fees, and due to increases in your cover amounts, such as by Inflation Proofing Increases.11

Premium rates and policy fees aren't guaranteed and may change from time to time. Any change we make must apply to a group, for example, all 35 year-old females and won’t be made to an individual policy. Some, but not all, of the factors we’ll consider when determining price increases include anticipated future claims experience, and our internal and external costs. Any changes will apply from your next Policy Anniversary. We’ll let you know of any increases in your annual notice, at least 30 days before the new premium rates or policy fees apply.

If you have any questions about future premiums or inflation proofing increases, contact us on 13 1000.

Yes. If you’ve smoked tobacco or any other substance in the last 12 months, then you must tell us when you apply for insurance.
No, only the Policy Owners have access to your Life Insurance Policy. Policy Owners have full rights over the policy including cancellation, and they would receive any death benefit paid. To discuss adding an additional Policy Owner to your policy, call us on 13 1000 or access the Addition of Policy Owner form.

We want to help you keep your valuable life insurance cover in place if you’re experiencing financial hardship.

If you’re concerned about meeting your premium payments, contact us on 13 1000 to discuss what options are available to you.

No, the Allianz Life Plan isn't an investment product and is only designed to pay a lump sum benefit7,8 in the event of a life insured’s death, Terminal Illness,3 Critical Illness4 or becoming Permanently Unable to Work.5 If you cancel this policy at any time other than during the cooling off period, you won’t get any money back on premiums paid while you’re covered by the policy.

Allianz Life has adopted the Life Insurance Code of Practice, which contains minimum standards of service and minimum standard medical definitions that customers can expect from insurers.

Learn about our commitment to you and our compliance with the Life Insurance Code of Practice by visiting our Insurance Codes and Standards page.

Allianz Life is a related body corporate of Allianz Australia Insurance Limited and Allianz Australia Limited, and in turn we are all part of the Allianz Group of companies.

In Australia, Allianz Life is a life insurer and is regulated by the Australian Prudential Regulation Authority (APRA).

Allianz Life, Allianz Australia Insurance Limited and Allianz Australia Limited share the Allianz brand in Australia and a number of internal business services to support our customers and provide an integrated Allianz insurance experience.

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*Conditions apply

  1. World’s #1 insurance brand
    Allianz Life is part of Allianz Group, which has been recognised as the world’s top insurance brand by Interbrand’s Best Global Brands 2024.
  2. Terms, conditions, limits, and exclusions apply
    Before making a decision about this insurance, please read and consider the Product Disclosure Statement.
  3. 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.
  4. 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 has a specific definition as outlined in the Product Disclosure Statement.

    In some cases, a 90-day exclusion period applies.

    We won’t 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.
  5. Permanently Unable to Work cover
    Provides cover if, solely because of Sickness or Injury, you suffer a defined Major Physical Impairment, or you have:

    • 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.
  6. Cooling off period
    You can cancel the policy within 30 days of receiving the first Policy Schedule (“cooling off period”) by contacting us and we will refund any premiums paid unless a claim has been or can be made under the policy.
  7. Cover amounts
    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 maximum total amount payable under a policy is the Life cover amount listed on the Policy Schedule. Other conditions apply. Refer to the 'How much cover can I apply for?' and 'Maximum benefits payable' sections in the Product Disclosure Statement for full details.
  8. Combination of cover and Life cover Buy Back
    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 because 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 all policies.

    Refer to the 'Taking a combination of cover' and the 'Life cover Buy Back' sections in the Product Disclosure Statement for full details.
  9. Advancement for Funeral Expenses
    This benefit is only available where reasonable proof and certain documentation is provided. Any policy exclusions applicable to Life cover, will also apply to the Advancement for Funeral Expenses. If we pay the $15,000 Advancement for Funeral Expenses, the Life Cover Amount will be reduced by the amount of this advancement. Other conditions apply.

    Payment of the Advancement for Funeral Expenses is not acceptance of a Life cover claim.
  10. Guarantee to continue cover
    Cover is guaranteed until you the Life Insured reaches the age specified in the Product Disclosure Statement for the relevant cover, regardless of how your health may change. Applies subject to payment of premiums when due.
  11. Inflation Proofing Increases
    Each policy anniversary cover amounts are automatically increased by 5% or the 12-month change in the Consumer Price Index as published each quarter by the Australian Bureau of Statistics, whichever is greater. Increases to cover amounts only applicable until the policy anniversary after your 65th birthday. Premiums increase from year to year in line with the increased cover amount. An Inflation proofing increase can be declined in a given year by contacting us.

    Refer to the ‘Inflation Proofing Increases’, ‘Premium, fees and other charges’ and ‘Premium calculation and payment’ sections of the Product Disclosure Statement for full details.
  12. Pay by instalments
    Premiums payable by instalments may be subject to minor adjustments (upwards or downwards) due to rounding, and financial institution transaction fees may apply.

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.