What options are there if I can't afford my premium payments?

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.

This site will not function correctly without JavaScript enabled.

Please enable JavaScript in your browser.

What options are there if I can't afford my premium payments?

The Premium Pause Benefit allows you to stop paying premiums for up to 3 months each year you hold your policy. While the Premium Pause Benefit is in place, no cover is provided by your policy for the Disability Benefit or the Redundancy Benefit. This means that any sickness, injury or notice of unemployment that occurs during the period of the Premium Pause Benefit will not be covered.

You could also look at reducing the amount of cover you have to reduce the cost of your premium.

Connect

Legal information Privacy Policy Cookie & Data Policy Accessibility Sitemap Identify Scams

Important Information

© 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 products, other than in some circumstances the Redundancy Benefit, are provided by either Asteron Life & Superannuation Limited ABN 87 073 979 530, AFSL 229880 (Asteron) or by TAL Life Limited ABN 70 050 109 450 AFSL 237848 (TAL Life) which is part of the TAL Dai-ichi Life Australia Pty Limited ABN 97 150 070 483 group of companies (TAL). Both Asteron and TAL Life are part of the TAL Dai-ichi Life Australia Pty Limited ABN 97 150 070 483 group of companies (TAL). TAL companies use the Suncorp brand under license.

Redundancy Benefit issued on or before 31^st March 2020 was offered by AAI Limited ABN 48 005 297 807, AFSL 230859 (AAI) trading as AAMI which is part of the Suncorp Group. New Redundancy Benefit policies and renewals offered from 1^st April 2020 will be issued by Asteron Life and Superannuation Limited, ABN 87 073 979 530, AFSL 229880 (Asteron). Suncorp Group is a distributor of products issued by Asteron and TAL Life. The different entities of TAL and the Suncorp Group of companies are not responsible for, or liable in respect of, products and services provided by the other.

Got a Question?

Ask Scout, the Suncorp Virtual Assistant