Your browser version is no longer supported, so you may experience issues while using this site.
Please upgrade to a current browser to enjoy the best experience.
Your browser version is no longer supported, so you may experience issues while using this site.
Please upgrade to a current browser to enjoy the best experience.
We use cookies and other related technologies to improve and tailor your website experience. See our Cookie & Data Policy.
Our operating hours vary across our insurance products, please check which apply to you.
Our operating hours vary across our insurance products, please check which apply to you.
Stepped premiums
Stepped premiums are one of the two payment options we offer our customers. With stepped premiums, you pay lower amounts to start with and your premiums will generally increase each year as you age.
Your age, gender and sum insured each year the policy renews will be used to work out how much your stepped premiums cost. You can have up to $30,000 of cover with stepped premiums.
Level premiums
The second way of paying for Suncorp Funeral Insurance is through level premiums. These start out higher than stepped premiums would, but do not increase because of your age.
As with stepped premiums, your gender and sum insured is used to work out how much your level premiums will cost, as well as your age when you first take out the policy.
It’s worth noting that although your level premiums will not increase because of age, they may still rise when the sum you have insured increases because of something called the Automatic Indexation Benefit. The Automatic Indexation Benefit means the amount you have insured increases each year in line with inflation (to a maximum of 10%).
© Copyright AAI Limited ABN 48 005 297 807 trading as Suncorp Insurance. Registered Office, Level 28, 266 George Street, Brisbane QLD 4000. In accessing Suncorp's site you agree to our Online Terms & Privacy Statement. Please ensure that you read these before accessing the site.
Products and services including banking, superannuation and insurance (including home and car insurance but not life insurance) are provided by separate companies in the Suncorp Group. Suncorp Bank (Suncorp-Metway Ltd ABN 66 010 831 722 ) is only liable for the banking products or services it provides and not the products and services of other companies in the Suncorp Group.
Life insurance is provided by Asteron Life & Superannuation Limited ABN 87 073 979 530, AFSL 229 880 (Asteron). Asteron is part of the TAL Dai-ichi Life Australia Pty Limited ABN 97 150 070 483 group of companies (TAL). Suncorp is a distributor of Life Insurance products issued by Asteron. The different entities of TAL and the Suncorp Group are not responsible for, or liable in respect of, products and services provided by the other.