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Critical Illness cover

Join the world’s #1 insurance brand1 to help you through a tough time

What is Critical Illness cover?

Sometimes even the healthiest people are diagnosed with serious illnesses. Critical Illness cover (also known as Trauma cover) can be added to your Life cover policy and pays a lump sum benefit if you suffer from one of the defined Critical Illnesses.2 This 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.

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

Benefits included under Critical Illness cover

Critical Illness cover can be added as an option to your Life cover policy. Find out what’s included as part of your Critical Illness cover.

Policy benefits

  • Critical Illness

    Critical Illness cover of up to $500,000 depending on your age that pays a lump sum for the following 14 defined Critical Illnesses.2 Each Critical Illness is assessed against a specific definition in the Product Disclosure Statement before any claim can be paid.

    • Heart Attack of specified severity3,4
    • Stroke of specified severity3,4
    • Coronary Artery Bypass Surgery3
    • Open Chest Surgery3
    • Triple Vessel Angioplasty3
    • Cancer of specified severity3,4
    • Multiple Sclerosis
    • Parkinson’s Disease and Parkinson-Plus (atypical parkinsonian) Syndromes
    • Motor Neurone Disease
    • Muscular Dystrophy
    • Lung Failure
    • Kidney Failure
    • Liver Failure
    • Major Organ Transplant

Other benefits

  • Life cover Buy Back

    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. The Life cover Buy Back feature allows you to reinstate the reduced Life Cover Amount 12 months after full payment of a Critical Illness claim.5
  • Inflation Proofing Increases

    We increase your cover amount by 5% or the 12-month change in the Consumer Price Index as published each quarter by the Australian Bureau of Statistics, whichever amount is greater, each policy anniversary up until the policy anniversary after your 65th birthday.6
  • Guarantee to continue cover

    Once you’re accepted, we guarantee to continue your Critical Illness cover until the policy anniversary after your 70th birthday.7

  • Intentionally self-inflicted conditions
  • We won’t pay the Critical Illness benefit where the condition is intentionally self-inflicted.
  •  
  • Cancer of specified severity, Cardiac Surgery and Vascular Disease within the first 90 days.
  • We won’t pay the Critical Illness benefit in the case of Cancer of specified severity,3,4 Cardiac Surgery 3 and Vascular Disease 3,4 if the event occurs, you’re first diagnosed, or experience symptoms leading to a diagnosis, or you’re recommended for surgery 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.3,4
  • Special events or conditions we agree on

  • We won’t pay any benefit where we’ve agreed with you a special term in respect of your cover that specifically excludes the event or condition leading to the claim. Any such special term will be agreed with you before your policy is issued and will appear on your Policy Schedule.

  • If you don’t follow travel advice overseas
  • We won’t pay any benefits to the extent 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.

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.

Benefit limits and eligibility

You can apply for cover if you’re an Australian permanent resident aged 16 to 55. This means if you’re an Australian or New Zealand citizen or you hold an Australian Permanent Resident Visa and you’re permanently living in Australia at the time of your application.

We’ll ask you some questions about your health, lifestyle and family medical history to determine whether we’re able to offer you cover.

This product is not suitable for purchase within a superannuation fund.

The minimum Critical Illness cover amount is $50,000 and the maximum cover amount is $500,000. To apply for Critical Illness cover, you must also apply for Life cover. Your Critical Illness cover amount can’t be more than the Life cover amount.5,8

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

Make it a Life Plan

We offer Critical Illness cover and Permanently Unable to Work cover within our Allianz Life Plan, which can be added on to your Life cover. 9
Man holding a child

Life cover

Apply for up to $1.5m depending on your age to cover death or Terminal Illness, where death is likely to occur within 24 months.5,8,9
Learn more
Man in a wheelchair with his dog

Permanently Unable to Work cover

Apply for up to $1.5m depending on your age to cover if you’re unlikely to ever work again because of sickness or injury.5,8,10
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 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.

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.

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 11

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

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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. 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.

  3. 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.

  4. Life Insurance Code of Practice – Minimum standard medical definitions
    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. To learn about our commitment to you, our compliance with the Life Insurance Code of Practice, and to obtain a copy of the code, visit our Insurance codes and standards page.

  5. Combination of cover and Life cover Buy Back
    Policies must include Life cover; taking a combination of cover you can 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 reduced 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.

  6. Inflation Proofing Increases
    Premiums increase from year to year in line with the increased cover amount. You can decline an Inflation Proofing Increase in any given year by contacting us.

    Refer to the ‘Inflation Proofing Increases’, ‘Premium, fees and other charges’ and ‘Premium calculation and payment’ section of the Product Disclosure Statement for full details.

  7. Guarantee to continue cover
    Cover is guaranteed until you reach 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.

  8. 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.

  9. 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.

  10. 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.

  11. 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.