About Medibank Life Insurance

Medibank Life Insurance can provide up to $1.5 million of cover, depending on your age at joining, to assist your loved ones if the worst was to happen and you were no longer there to support them.
With Medibank Life Insurance, you’ll get a list of benefits to help you feel secure about your family’s future:

• Comprehensive cover up to $1.5 million
• Early payment for funeral expenses
• Terminal illness benefits
• Accidental injury benefits
• Flexibility with additional optional benefits
• Simple application with no medical or blood tests
• Guaranteed to be renewed for life
• 10% saving for Medibank Private Members

Medibank Life Insurance is a flexible policy. You can just take out life cover, or you can add any of the following options in the one simple plan. And it’s all paid as one regular premium – it’s that easy.

Trauma cover

Anything could happen and it’s impossible to know in advance how certain events could affect your life. So Trauma cover can provide some good news when you really need it most, to help you get back on your feet after a setback.
If you suffer one of the specified conditions, including a heart attack or a stroke, you could receive a lump sum payment of up to $250,000. You choose how to spend the benefit, whether you need to make modifications to your home, or to cover day-to-day expenses. It’s up to you.

Permanently Unable to Work cover

It’s a scary thought that an illness or injury could permanently change your life as you know it. But you’ll still want to make the most of life and with Permanently Unable to Work cover, you’ll have peace of mind.
If an accident or a change in your health means you’ll never be able to work again, the payout could be used to help replace your lost income. You can apply for up to $1.25 million of Permanently Unable to Work cover and, because it’s paid as a lump sum, you have complete control over how it’s used.

Children’s Insurance cover

If you have children, you’ll find it reassuring to know that you can get special insurance for them too.
This cover option can provide a lump sum benefit of up to $50,000 if your child suffers a covered traumatic illness. This could be invaluable to help pay for things like ongoing specialist care or allowing a parent to take time off work to be with the child. Just call 1300 722 568 to get a quote or to add Children’s Insurance to your policy.
You should read the combined  carefully before deciding whether or not to buy Medibank Life Insurance and base your decision on that document. Medibank Life Insurance is issued by Swiss Re Life & Health Australia Ltd ABN 74 000 218 306 AFSL 324908. It is promoted and distributed by Medibank Private Ltd, ABN 47 080 890 259 AR 286089. Medibank Private is acting as the authorised representative of Hollard Financial Services Pty Ltd, ABN 53 128 692 884, AFSL 343079 of Level 38, 2 Park St, Sydney NSW 2000. Advice on this website is general only and does not consider your individual objectives or financial situation.