Life Insurance



Get a Quote

Allianz Life Insurance from as little as $9.50 a week for $500,000 cover depending on your situation2.

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.

Industry Awards and Code of Practice

Most Trusted Brand

According to Readers Digest 2015, 2016, 2017 and 2018

Risk & Life Insurer of the Year

Roy Morgan Research Customer Satisfaction Awards 2016

Life Insurance Code of Practice Subscriber

Life Insurance Code of Practice Subscriber since 2017

Life Insurance

Choose Life cover and your options1

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

Life cover is also known as life insurance or death cover. It is a way of protecting your family's financial future*.

  • Up to $1.5 million cover depending on your age 1
  • $15,000 funeral advancement included within the cover 7
  • Insure up to 2 people on the same policy
  • Covers diagnosis of Terminal Illness where death is likely to occur within 12 months 10
  • Benefit increases every year to stay ahead of inflation3

*Conditions apply

Critical Illness Cover

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*.

  • Up to $500,000 cover depending on your age 1
  • Cover for 14 Critical Illnesses as defined 5
  • Benefit increases every year to stay ahead of inflation 3

*Conditions apply

Permanently Unable to Work cover

Permanently Unable to Work cover is also known as Total and Permanent Disability (TPD) cover*.

  • Up to $1.5 million cover depending on your age 1
  • Lump sum payment if you are unlikely ever to work again due to sickness or injury 6
  • Benefit increases every year to stay ahead of inflation 3

*Conditions apply

Start a quote

Calculate and get started

Life Insurance Calculator

Find out how much life cover you may need by using our three-step calculator.

How to apply

You can apply for life insurance today in three easy steps.

  • Step 1: Get a free no-obligation quote.
  • Step 2: Apply online with no medicals required.
  • Step 3: Buy online and secure protection today.

Life Stage Examples

Young & Single

Protect your independence and ensure you can sustain your lifestyle if you become sick, or get injured.

Young Couples

Protect everything you and your partner are working towards, as you expand your financial responsibilities.

Young Families

It isn’t just about you anymore, it is about your responsibilities and knowing that your family is secure in your care.

Maturing Families

Protect and secure your wealth, as your household income starts to peak with kids getting older and your career becoming more secure.

Empty Nesters

Protect your wealth and lifestyle that you have worked so hard for and enjoy the new found free time.

Frequently Asked Questions

We offer three types of cover (subject to conditions): Life cover, which pays a lump sum on death or Terminal Illness10; Critical Illness cover, which pays a lump sum in the event that the Life Insured suffers one of the defined Critical Illness events5; and Permanently Unable to Work cover, which pays a lump sum if you are permanently unable to work due to sickness or injury6.

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 12 months10.

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 renew 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.

Permanently Unable to Work cover pays a lump sum amount that can help you cover your debts and living expenses. You could use the benefit payment to 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

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 renew 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 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

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 renew your cover until the policy anniversary after your 70th ‎birthday, regardless of changes to your health condition.4,1
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. The Code can be found on the Financial Services Council website

More Frequently Asked Questions

Next Steps

Policy Documents
and Important information

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. 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.