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?

What is the maximum age I can apply?

Suncorp Life Insurance products, other than in some circumstances the Redundancy Benefit, are issued 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). TAL companies are not part of the Suncorp Group. TAL Life uses the Suncorp brand under licence from the Suncorp Group. Redundancy Benefit provided on or before 31st March 2020 was issued by AAI Limited ABN 48 005 297 807 AFSL 230859 (AAI) which is part of the Suncorp Group. New Redundancy Benefit policies and renewals offered from 1st April 2020 are issued by 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.

This information is general advice only and does not take into account your individual needs, objectives or financial situation, so before acting on it you should consider whether it is appropriate for you. Before you decide to buy or to continue to hold an insurance product, please read the Product Disclosure Statement (PDS). The PDS contains important information which will help you understand the product, including what's covered and what's not covered. The Target Market Determination (TMD) for the product is also available.