Compare Life Insurance Solutions

What life insurance policy is right for you?

Choosing the right type of life insurance is a very personal decision. If you have a family, the life insurance policy you choose will probably be very different to one chosen by a single person with no dependants. That, again, may be different to what an older couple with grown-up children might opt for.

The policy you decide to go could be based upon a range of factors including:

  • If you have a partner and/or children/dependants
  • Your financial situation, such as whether you have a mortgage or any other debts
  • Your lifestyle
  • Your age and health
  • What you want to be covered for: death, illness, injury or all of these things

 

Your life insurance options with Suncorp at a glance

Choosing the right life insurance can at first seem like a difficult and overwhelming process but Suncorp’s quick guide below outlines the key benefits of Suncorp life insurance products.

Please note that the table below does not include the full details of each Suncorp insurance policy. To find out the full details about eligibility criteria and what each policy offers and any exclusions that may apply, always read the PDS and Policy Documents prior to purchase.

             
 

Life Protect


PDS  & Policy Document

Lump Sum benefit 

Accidental Injury Plan

PDS  & Policy Document

Lump Sum benefit

Income Protection

PDS  & Policy Document

Monthly benefit

Bill Protect


PDS  & Policy Document

Monthly benefit

Funeral Insurance

PDS  & Policy Document

Lump Sum benefit

Accidental Dealth Plan

PDS  & Policy Document

Lump Sum benefit

Will I be covered if I die? Yes, when within the terms of the policy

Covers  accidental death only. 

Policy terms apply

X X

Accidental death only in the first 12 months of your policy.

Premiums refunded for death caused by sickness in the first 12 months of your policy.

Policy terms apply

Yes but only if you die as a result of an accident.

Policy terms apply

Will I be covered if I become sick and cannot work? X X

Yes, but must be sick and unable to work in accordance with the policy. 

Policy terms apply including waiting periods apply

Yes, but must be sick and unable to work in accordance with the policy.

Policy terms apply including waiting periods apply

X

See “Will I be covered if I’m diagnosed with a terminal illness
 
X
Will I be covered if I am injured and cannot work? X

Covered for specified injuries only

Policy terms apply

Yes, but must be injured and unable to work in accordance with the policy. 

Policy terms apply including waiting periods apply

Yes, but must be injured and unable to work in accordance with the policy.

Policy terms apply including waiting periods apply

X X
Will I be covered if I’m diagnosed with a terminal illness?

Advancement of death benefit where you are diagnosed with a terminal illness. 

Policy terms apply

X

Yes, monthly benefit payable if you are sick and unable to work in accordance with the policy.

Policy terms apply including waiting periods apply

Yes, monthly benefit payable if you are sick and unable to work in accordance with the policy.

Policy terms apply including waiting periods apply

Early Payment Benefit for terminal illness after first 12 months of policy.

 Policy terms apply

X
What is the maximum cover (upon approved claim)?

Up to $1 million

Policy terms apply 
 

Injury Benefit:
Up to $50,000 for the Standard Package and $100,000 for the Plus Package.
Payment amount varies depending on injury type and package chosen.

Accidental Death:
$15,000 for the  Standard Package and $30,000 for the Plus Package

Policy terms apply 

Disability benefit (for sickness or injury): Up to 75% of your income covered up to $10,000  per month for disability for 1 to 2 years depending on your policy

Redundancy benefit (optional cover): up to $4,000 per month for 3 months if you become involuntarily unemployed. 

Policy terms apply including waiting and no-claim periods. 

Disability benefit (for sickness or injury): Up to $4,000 per month for 6, 12 or 24 months, depending on your policy.

 Redundancy benefit (optional cover):up to $4,000 per month for 3 months if you become involuntarily unemployed.

Policy terms apply including waiting and no-claim periods.

Up to $15,000 lump sum for level  premium type

Up to $30,000 lump sum for stepped premium type

Policy terms apply

Up to $500,000 lump sum

Policy terms apply

What is the minimum cover (upon approved claim)?

Up to $100,000.

Policy terms apply

Injury Benefit:
Payment amounts starting from $500
Payment amount varies depending on injury type and package chosen.

Policy terms apply

Disability benefit (for sickness or injury): $1,000 per month for disability for 1 to 2 years depending on your policy 

Redundancy Benefit (optional cover): $1000 per month for 3 months if you become involuntarily unemployed.

Policy terms apply including waiting and no-claim periods.

Disability benefit (for sickness or injury): $1,000 per month for 6, 12 or 24 months depending on your policy.

Redundancy Benefit (optional cover):  $1000 per month for 3 months if you become involuntarily unemployed.

Policy terms apply including waiting and no-claim periods.

Lump sum of $5,000 for either stepped or level premium type.

Policy terms apply

Lump sum of $100,000.

Policy terms apply

What is the minimum age I can apply? 18 18 18 18 45 18
What is the maximum age I can apply? 60 75 60 60 75 75
 


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If you would like more information on our life insurance products please call to speak to a consultant on 1800 178 587. Alternatively you may like to speak to a financial adviser, call 13 11 75 today or arrange an appointment online.


Suncorp life insurance products are issued by Suncorp Life & Superannuation Limited ABN 87 073 979 530, AFSL 229 880 (SLSL) under the Suncorp brand and are distributed by Suncorp Financial Services Pty Ltd ABN 50 010 844 621 ("SFS"), AFSL 229885, except AAI Limited ABN 48 005 297 807, AFSL 230859 (AAI), who only issues the redundancy benefit. Suncorp and AAI are Suncorp Group (Group) entities. The different entities of the Group are not responsible for, or liable in respect of, products and services provided by other Group entities.

You should consider the Product Disclosure Statements (PDS) for product before making any decisions about whether to acquire a product. Information provided in this communication in relation to the Suncorp life insurance products is general advice only. It has been prepared without taking into account your personal financial objectives, situation or needs. You should consider obtaining independent financial advice before making a decision about acquiring this product.