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No medical or blood tests are required to apply and you can get a preliminary quote in minutes. When you take out Life cover, you have the option of including Critical Illness cover and Permanently Unable to Work cover. You’re also entitled to a 30 day cooling off period if you change your mind8.
Outstanding Value Direct Life Insurance 2018 - 2021
Roy Morgan Research Customer Satisfaction Awards 2016
This is a summary only. For terms, conditions, limits, definitions, exclusions, waiting periods, exclusion periods and taking a combination of covers, please refer to the Product Disclosure Statement.
Life cover is also known as life insurance or death cover. It is a way of protecting your family's financial future*.
*Conditions apply
Critical Illness cover is also known as trauma cover and pays a lump sum5 benefit if the Life Insured suffers one of the defined Critical Illness events5*.
*Conditions apply
Permanently Unable to Work cover is also known as Total and Permanent Disability (TPD) cover*.
*Conditions apply
We have made important updates to your Allianz Life Insurance. Find up to date product information, and access to policy documents and forms. Go to more information
Find out more about how much life cover you may need
You can apply for life insurance today in three easy steps
Protect your independence and ensure you can sustain your lifestyle if you become sick, or get injured.
Protect everything you and your partner are working towards, as you expand your financial responsibilities.
It isn’t just about you anymore, it is about your responsibilities and knowing that your family is secure in your care.
Protect and secure your wealth, as your household income starts to peak with kids getting older and your career becoming more secure.
Protect your wealth and lifestyle that you have worked so hard for and enjoy the new found free time.
Life insurance is also known as Term Life insurance, or Death cover. It provides a lump sum payment (subject to conditions) if the Life Insured dies or is diagnosed with a Terminal Illness where death is likely to occur within 24 months10.
The funds can be used for any purpose you choose, such as cover mortgage payments, school fees, bills, groceries, other living expenses and funeral costs. Life insurance is a way of protecting the financial future of your loved ones if you were no longer around to provide for them. It can help your family cover debts and living expenses at a time when they need it most.
You must be aged 16 to 65 to apply for Life insurance. As long as you pay your premiums, we guarantee to continue your cover until the policy anniversary after your 99th birthday, regardless of changes to your health condition.4,1
Permanently Unable to Work cover also known as Total and Permanent Disability (TPD) Insurance. It provides a lump sum payment (subject to conditions) in the event that the Life Insured is permanently unable to work due to sickness or injury6. Permanently Unable to Work cover must be taken out in conjunction with Life Cover.
The funds can be used for any purpose you choose, such as cover your debts and living expenses, provide for medical treatment or ongoing care, or to pay for any home modifications that are required as a result of your disability. Payment of a benefit under Permanently Unable to Work cover reduces the cover amount of any remaining benefits under Life cover and Critical Illness cover by that payment amount. In certain circumstances this may mean the end of a cover or the Life Insured’s policy.1 The Life cover Buy Back feature allows you to reinstate the Life Cover Amount that was reduced 12 months after full payment of a Permanently Unable to Work claim.11
You must be aged 16 to 55 and working on a permanent basis in an eligible occupation type for at least 20 hours per week to apply for Permanently Unable to Work cover. Once you are accepted, as long as you pay your premiums, we guarantee to continue your cover until the policy anniversary after your 65th birthday, regardless of changes to your health condition.4,1
Critical Illness Insurance, is also known as trauma cover or serious illness cover. It provides a lump sum payment (subject to conditions) in the event that you suffer a defined Critical Illness5. Critical Illness cover must be taken out in conjunction with Life cover.
The funds can be used for any purpose you choose, whether to pay for treatment and other medical costs, or any associated costs related to lifestyle changes (such as reducing working hours). This can help relieve your family’s financial burden at a very stressful time. Payment of a benefit under Critical Illness cover reduces the cover amount of any remaining benefits under Life cover and Permanently Unable to Work cover by that payment amount. In certain circumstances this may mean the end of a cover or the Life Insured’s policy.1 The Life cover Buy Back feature allows you to reinstate the Life Cover Amount that was reduced 12 months after full payment of a Critical Illness claim.11
You must be aged 16 to 55 to apply for Critical Illness cover. Once you are accepted, as long as you pay your premiums, we guarantee to continue your cover until the policy anniversary after your 70th birthday, regardless of changes to your health condition.4,1
Learn about our commitment to you and our compliance with the Life Insurance Code of Practice.
For terms, conditions and exclusions about our life insurance, please refer to the Product Disclosure Statement (PDS).
Important information : This product is not suitable for purchase within a superannuation fund. We would encourage you to speak to your financial planner or accountant who may be able to provide you with advice.
Important note : Information on this website is general information only and does not take into account your objectives, financial situation or needs. Because of that, you should, before acting on the information, consider the appropriateness of the information, having regard to your objectives, financial situation and needs. Terms, conditions, limits and exclusions apply. Before making any decision you should consider the Allianz Life Plan Product Disclosure Statement and Policy Document (PDS). If necessary, please seek advice from a Financial Adviser before deciding on appropriate insurance cover.
The Target Market Determination (a TMD) for this product describes the class of persons for which the product has been designed, as well as other prescribed information.
Existing Customers : If you’re an existing customer, visit our Policy Documents for up-to-date policy information and access to PDS, documents and forms.
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, please 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.
Disclaimers
The maximum total amount payable under this policy is the Life cover amount listed on the Policy Schedule.
If you take a combination of cover, your other benefits under the policy will reduce by the payment amount of the claim. If we make a full Life cover payment in the event of death or Terminal Illness, then that 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 that 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. For example, if you had: $700,000 of Life cover and $200,000 of Critical Illness cover and $500,000 of Permanently Unable to Work cover; then in the event a $200,000 Critical Illness benefit is paid to you, your Permanently Unable to Work and your Life cover amount would both reduce by $200,000. Therefore, your Permanently Unable to Work cover amount would then be reduced to $300,000 and your Life cover amount would then be reduced to $500,000. After a 12 month waiting period, we may reinstate the $200,000 in Life cover, increasing the Life Cover Amount back to $700,000 under the Life cover Buy Back feature. Permanently Unable to Work cover will remain at $300,000. Please refer to the 'Taking a combination of cover' and the 'Life cover Buy Back' sections in the Product Disclosure Statement for details.
Please refer to the Product Disclosure Statement for details of ‘Inflation Proofing Increases’, ‘Premium, fees and other charges’ and ‘Premium calculation and payment’ for details.
In some cases a 90 day exclusion period applies. In the case of Cancer of specified severity, Cardiac Surgery, and Vascular Disease we will not 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:
If one of these conditions or events occurs again after the 90 day exclusion period and is not related to the first occurrence, a benefit would then be paid.
We will not pay a Critical Illness benefit where the Critical Illness is intentionally self-inflicted. Please refer to the Product Disclosure Statement for details of 'When is a benefit not payable (policy exclusions)?'.
We will not pay a Permanently Unable to Work benefit where the condition is intentionally self-inflicted. Please refer to the Product Disclosure Statement for details of ‘When is a benefit not payable (policy exclusions)?’.
Payment of the Advancement for Funeral Expenses is not acceptance of a Life cover claim.
Five Star CANSTAR CANNEX rating for Outstanding Value in Direct Life Insurance 2009 – 2013, 2018 - 2021
“Risk & Life Insurer of the Year” Roy Morgan Research Customer Satisfaction Awards 2016
2012, 2013 AB+F Insurance Awards "Life Insurance Product of the Year"
Important note:
The insurance is issued by Allianz Australia Life Insurance Limited ABN 27 076 033 782, AFSL 296559. The information on this website is general information only and does not take into account your objectives, financial situation or needs. Because of that, you should, before acting on the information, consider the appropriateness of the information, having regard to your objectives, financial situation and needs. Terms, conditions, limits and exclusions apply. Before making any decision you should consider the Allianz Life Plan Product Disclosure Statement and Policy Document (PDS). If necessary, please seek advice from a Financial Adviser before deciding on appropriate insurance cover.
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, present and emerging.
Allianz Australia Insurance Limited ABN 15 000 122 850 AFS Licence No. 234708 is the general insurer except in respect of life insurance, in which case Allianz Australia Life Insurance Limited ABN 27 076 033 782 AFS Licence No. 296559 is the insurer.
Copyright © 2022 Allianz Australia Limited ABN 21 000 006 226.
