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Life Insurance Comparison

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.

Which Life Insurance policy is right for you?

Life Insurance

Lump sum benefit

Income Protection

Monthly benefit

Funeral Insurance

Lump sum benefit

Will I be covered if I die?

Yes, when within the terms of the policy.

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

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

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

Policy terms including waiting periods apply

See “Will I be covered if I’m diagnosed with a terminal illness"

Will I be covered if I am injured and cannot work?

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

Policy terms including waiting periods apply

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

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

Policy terms including waiting periods apply

What is the maximum cover (upon approved claim)?

Up to $1.5 million.

Policy terms apply 

Up to 75% of your income covered up to $10,000 per month for sickness or injury for 6, 12 or 24 or 60 months depending on your policy.

Lump sum of $15,000

Policy terms apply

What is the minimum cover (upon approved claim)?

Up to $10,000.

Policy terms apply

$1,000 per month for sickness or injury for 6, 12 or 24 or 60 months depending on your policy.

Lump sum of $3,000.

Policy terms apply

What is the minimum age I can apply?

18

18

45

What is the maximum age I can apply?

65

60

80

Information is current as at 23 March 2020 and may be subject to change from time to time without notice. Suncorp 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 are part of the TAL Dai-ichi Life Australia Pty Limited ABN 97 150 070 483 group of companies (TAL). TAL companies are not part of the Suncorp Group. TAL companies use the Suncorp brand under licence. 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.

Any advice on this page is general in nature and is provided by Platform Ventures Pty Ltd ABN 35 626 745 177 AFS Representative Number 001266101 (PV). PV is part of the Suncorp Group and an authorised representative of TAL Direct Pty Limited ABN 39 084 666 017, AFSL 243260 (TAL Direct). General advice does not take into account your individual needs, objectives or financial situation. Before you decide to buy or to continue to hold a Life Insurance product you must read the Combined Product Disclosure Statement (PDS) and Financial Services Guide (FSG). The PDS and FSG contain important information which will help you understand the product, including what's covered and what's not covered and to help you decide whether it is appropriate for you and whether to use any of the services offered. The Target Market Determination is also available.

If you decide to purchase or vary a financial product, PV will receive fees and other benefits, which will be a dollar amount or a percentage of the premium you pay. You can ask us for more details.

Asteron and TAL Life support and adhere to the Life Insurance Code of Practice (Code). The Code has been developed voluntarily by the Life Insurance industry through the Financial Services Council to promote high standards of service to consumers, provide a benchmark of consistency within the industry, and establish a framework for professional behaviour and responsibilities. Download the Code here. For more information contact the Financial Services Council on (02) 9299 3022 (local call cost), email info@fsc.org.au or visit www.fsc.org.au.