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Life Insurance

  • Life insurance cover for up to $1.5 million
  • Easily change your cover amount as your life changes
  • Simple application process with no medical exams required

Enjoy savings at a range of popular retailers with Suncorp Benefits

What is life insurance and why do you need it?

Life insurance helps provide a financial safety net for your loved ones, in case you pass away or become terminally ill. You pay regular premiums, and your beneficiaries receive a lump sum payment. With Suncorp Life Insurance, you can choose cover for up to $1.5 million. There are also Optional Illness Cover options, to help further protect you and your family from temporary setbacks due to defined critical illness of specified severity such as Cancer (of a specified criteria), Stroke (resulting in neurological deficit) or Heart Attack (of a specified severity).

If you’re not sure how much cover you’ll need, give the handy Life Insurance calculator a go. You should also consider reading the Product Disclosure Statement before buying insurance. The Target Market Determination is also available.

Life insurance icon adult and child in green circle

Suncorp Life Insurance at a glance

What’s included in Suncorp Life Insurance?

Comprehensive cover up to a maximum of $1.5 million

You can also get up to $250,000 for Optional Illness Cover. Not sure how much cover you need? Use our handy calculator. To qualify for Optional Benefits you must be an Australian resident aged 18-65 and your medical condition must meet the specified severity criteria.

Flexibility to update your cover as your life changes

You can tailor and adjust your level of cover by up to $100,000 following a significant life-changing event, such as having a baby or taking out a mortgage without providing us new information about your health or pastimes1

Payout is generally tax-free*

There are no spending restrictions once you or your family have received the claim payment.

Advance payout of up to $10,000 (upon death)

This can help your family with any immediate costs, such as any legal fees involved with settling the estate.

You could receive your payout early

If you’re diagnosed with a terminal illness, we can advance your full payout.

Save with discounts

Get 5% off the premium on life cover for the youngest life insured if you take out a multi-life policy, get 12 months for the price of 11 if you pay annually, and receive a 5% discount if you’re a current customer with a Suncorp branded insurance policy.

What’s not covered?

Intentional self-inflicted acts

A Suncorp Life Protect Plus benefit is not payable in the event of intentional self-injury or suicide within 13 months of the cover commencement date.

If you’re in a country with a travel warning

No payments will be made under Suncorp Life Protect Plus if the event giving rise to the claim occurs while you are visiting a country for which the Australian Department of Foreign Affairs and Trade (DFAT) has isssues a ‘Do Not Travel’ warning advice that is in force during the time of your stay in that country.

Claims outside special terms

If Suncorp Life have agreed to a special term for cover that specifically excludes certain events or conditions, you won’t be covered if these contribute directly or indirectly to the claim. Any special terms will be agreed with you before your policy is issued.

Who can apply for Suncorp Life Insurance?

Australian Residents aged 18 to 65.

Optional benefits

Major Illness Cover

Help protect you and your family from temporary setbacks due to defined cirtical illness of specified severity such as Cancer (of a specified criteria), Stroke (resulting in a neurological deficit) or Heart Attack (of a specified severity), with a benefit payment of up to $250,000.

Cancer Cover

Help protect you and your family from temporary setbacks due to Cancer (of a specified criteria), with a benefit payment of up to $250,000.

Get a quote in minutes

Or call 1800 178 438

Mon-Fri 8am-7pm,
Sat 9am-4pm (AEST)

Want to know more?

For full details of what is and isn’t covered, please refer to the PDS.

When should you consider Suncorp Life Insurance?

All Australian citizens and residents aged 18-65 can apply for Suncorp Life Insurance. Suncorp Life Insurance offers flexible levels of cover to reflect the different stages of your life — from having a baby to buying a house to retiring.

Is life insurance through super enough?

Default life insurance through superannuation may not always meet the full needs of Aussie families. With a surprising amount of the population being underinsured, you may want to check to see how your super’s life insurance compares to taking out a policy through an insurer.

Brush up on the basics with these two short videos.

Why so many Australians choose Suncorp Life Insurance

Trusted by thousands of Australians who turn to Suncorp for their personal insurance needs.

Suncorp Life Insurance rewards you with ways to save, like 5% off your policy if you hold other Suncorp branded insurance policies such as home or car insurance. 

Enjoy great deals and savings at over 100 retailers with Suncorp Benefits

Enjoy Suncorp Benefits with your policy

Save up to 15% with great deals at major retailers.

Everyday discounts
Save on health and wellbeing brands, as well as groceries, fashion and more

Savings on the big stuff
Get great deals on travel, furniture, electronics and more

Access to rewards
Simply pick your reward on your phone and use it instantly

Frequently Asked Questions

Looking for something else?
We also offer other types of insurance:

 Income Protection

 Funeral Insurance

 Home Insurance

 Car Insurance

Suncorp Life’s Commitment to the Life Insurance Code of Practice

Suncorp Life Insurance policies are issued by TAL, who played a key role in creating the Life Insurance Code of Practice. Suncorp Life is committed to delivering the best possible customer service standards and support the Financial Services Council in promoting and monitoring the Code of Practice. Suncorp Life will continue to look for ways to raise the standards of customer service now and over the years to come. Read more.

We’re here to help

The friendly Suncorp Life team are Australian-based and here for you. If your needs and personal circumstances are more complex and you need financial advice, please talk to your Financial Planner.

Operating Hours

Quotes and sales: Mon-Fri 8am-7pm, Sat 9am-4pm (AEST)

Customer service: Mon-Fri 8am-6pm (AEST)

Claims: Mon-Fri 8am-5:30pm (AEST)

Request a call back

A Suncorp Life team consultant will get back to you

Apply online

Get a quote and apply online in minutes

Operating Hours

Quotes and sales: Mon-Fri 8am-7pm, Sat 9am-4pm (AEST)

Customer service: Mon-Fri 8am-6pm (AEST)

Claims: Mon-Fri 8am-5:30pm (AEST)

^ Subject to eligibility criteria

* Exceptions apply such as when cover is used for some business purposes and for non-financially-dependent beneficiaries of life cover under a superannuation plan. Taxation advice specific to your circumstances is recommended

1. Increases are limited to the lesser of 20% of your benefit amount at the time of the increase and $100,000. Conditions apply, refer to the Life Events feature in the PDS for more information.

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.

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.

The Reward and Recognition program ("Suncorp Benefits") is being operated by EONX Services Pty Ltd ABN 39 615 958 873. To register for Suncorp Benefits you must hold a current eligible personal policy or an eligible personal product or service from one of the brands in the Suncorp Network brand. Purchase limits apply to each individual retailer. See full Terms and Conditions. Use of Suncorp Benefits is subject to the operator’s privacy policy.

How much cover do you need?

The amount of cover you may need will depend on the needs and lifestyle of your family, such as your current financial commitments e.g mortgage, your family's anticipated future needs e.g kids education, your super and any other investments.

Comprehensive cover up to a maximum of $1.5 million

You can also get up to $250,000 for Optional Illness Cover. Not sure how much cover you need? Use our handy calculator. To qualify for Optional Benefits you must be an Australian resident aged 18-65 and your medical condition must meet the specified severity criteria.

Flexibility to update your cover as your life changes

You can tailor and adjust your level of cover by up to $100,000 following a significant life-changing event, such as having a baby or taking out a mortgage without providing us new information about your health or pastimes1

Payout is generally tax-free*

There are no spending restrictions once you or your family have received the claim payment.

Advance payout of up to $10,000 (upon death)

This can help your family with any immediate costs, such as any legal fees involved with settling the estate.

You could receive your payout early

If you’re diagnosed with a terminal illness, we can advance your full payout.

Save with discounts

Get 5% off the premium on life cover for the youngest life insured if you take out a multi-life policy, get 12 months for the price of 11 if you pay annually, and receive a 5% discount if you’re a current customer with a Suncorp branded insurance policy.

Intentional self-inflicted acts

A Suncorp Life Protect Plus benefit is not payable in the event of intentional self-injury or suicide within 13 months of the cover commencement date.

If you’re in a country with a travel warning

No payments will be made under Suncorp Life Protect Plus if the event giving rise to the claim occurs while you are visiting a country for which the Australian Department of Foreign Affairs and Trade (DFAT) has isssues a ‘Do Not Travel’ warning advice that is in force during the time of your stay in that country.

Claims outside special terms

If Suncorp Life have agreed to a special term for cover that specifically excludes certain events or conditions, you won’t be covered if these contribute directly or indirectly to the claim. Any special terms will be agreed with you before your policy is issued.