Life Insurance quotes
- 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
Suncorp Life Insurance at a glance
What’s included?
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.
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.
How to apply for Suncorp life Insurance?
Applying and setting up a Suncorp life insurance policy won’t take long. All Australian citizens and residents aged 18-65 can apply for flexible levels of cover that can adapt as your circumstances change.
STEP 1: GET AN ONLINE QUOTE
Getting an online quote is simple and quick, with some easy yes/no questions about your health and lifestyle.
STEP 2: REVIEW YOUR POLICY
Your quote will be available immediately. Review the quote and the product disclosure statement that will be sent with it. Then decide on your premium preferences.
STEP 3: ADD PAYMENT AND CONFIRM
Once you’ve decided what cover to take out and have paid your premium, you’ll receive an email confirmation. Your policy documents will also be posted to you so you can have them on file. Congratulations, you’re now covered.
Learn more about Life Insurance
What is life insurance and how does it work?
Life insurance can help provide financial security for your loved ones if you pass away or become terminally ill. The way life insurance works is that by paying regular premiums you can help provide cover for your beneficiaries, who will receive a lump sum payment of up to $1.5 million. This can go towards helping your family keep their home, maintain their lifestyle and cover their living expenses. Alongside Suncorp Life Insurance, there are Optional Illness Cover options that could provide you and your loved ones with more cover if you are diagnosed with a defined critical illness such as cancer (of a specified criteria), a stroke or heart attack.
How much life insurance do I need?
The amount of life insurance you’ll need depends on your individual circumstances. When deciding on your amount of cover, consider your age, financial assets, any debt that you have accumulated and your household income. Also, consider your future expenses and income. This may include children, a higher or lower mortgage or increased lifestyle costs. Look at how much financial help your family will need to ensure they can maintain their lifestyle if you’re unable to provide for them
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.
Is life insurance worth it?
Life insurance is there to protect your loved ones if something were to happen to you, making it an extremely important part of planning for your family’s future. With the ability to shift with you through life’s big changes, life insurance can offer support to your family whatever comes your way.
The decisions you make today can make a difference to your family’s future. Part of this is making sure they have some financial cover should something happen to you.
By paying regular premiums, your chosen beneficiaries can access your life insurance lump sum payment if you pass away or are diagnosed with a terminal illness.
There are two common ways to take out life insurance - life insurance through superannuation or through a provider. There are key features of Life Insurance through superannuation, Premiums may be lower through your superfund and you may be guaranteed acceptance without medical or personal questions. But the benefit amount may be lower and it may not cover certain medical conditions. You may already have some life insurance through your super, so it’s worth checking. With a provider, like Suncorp Life Insurance, you are able to choose your type and level of cover, and adjust it as your circumstances change. Make sure you do your research before choosing what is right for you.
Key features through superannuation
- Automatic payments direct from your superannuation balance
- Premiums may be cheaper
- May offer automatic acceptance
- May not require medical checks for forms
- Payment may be delayed
- May not cover certain medical conditions
Key features through provider
- Flexible options for cover
- Personalised to your needs and budget
- Can update policy easily when circumstances change
- May receive the benefit faster
- May have limitations on the type of life insurance offered
Whether you’re growing your family, purchasing a new home or changing careers, life insurance can help cover your expenses, from your mortgage to a funeral, easing the financial burden on your family.
Suncorp Life Insurance allows you to live life confidently, knowing your family can have some support whatever comes your way. That’s the Suncorp Spirit.
General advice only. You should consider if the advice is right for you and read the PDS available at suncorp.com.au/policy-documents before making a decision to buy or continue to hold a product. The Target Market Determination (TMD), where applicable, for the product is available on our website at suncorp.com.au/insurance/policy-documents.
This video is brought to you by TAL Direct Pty Limited 39 084 666 017 AFSL 243260. Products are issued by TAL Life Limited ABN 70 050 109 450 AFSL 237848 (TAL Life or insurer) which is part of the TAL Dai-ichi Life Australia Pty Limited ABN 97 150 070 483 group of companies (TAL). TAL Life is not part of the Suncorp Group. TAL Life uses the Suncorp brand under licence from the Suncorp Group.
Why choose Suncorp Life Insurance?
Trusted by thousands of Australians who turn to Suncorp for their life insurance needs.
Suncorp Life Insurance rewards you with ways to save, like 5% off your Life Insurance and Income Protection Insurance policy if you hold other Suncorp branded insurance policies such as home or car insurance.
Frequently Asked Questions
If you hold another Suncorp Insurance policy, such as car insurance, we’ll apply a 5% discount on your Suncorp Life Insurance premium for the life of the policy.
In addition, if you add another adult to your policy, the youngest person will receive a 5% family discount. The family discount doesn’t apply to the Optional Illness Covers.
Suncorp Life Insurance covers you for death and the diagnosis of terminal illnesses with a life expectancy of less than 12 months. This does not include suicide or intentional self-injury in the first 13 months of the cover commencement date for Comprehensive Life Cover.
If eligible, you can select up to $250,000 in Optional Illness Cover. This is a lump sum payment drawn from your main Life Insurance benefit, to assist with medical and out-of-pocket expenses while you’re recovering from certain sicknesses or injuries. You must be 18 to 55 years of age to apply for Optional Illness Cover.
You can choose who you would like to benefit from your life insurance policy after you pass away.
Receiving a COVID-19 vaccination approved for use by the Therapeutic Goods Administration (TGA) in Australia will not affect the cover under your existing insurance policy. Suncorp Life Insurance policies do not include exclusions or limitations related to COVID-19 including vaccine related side-effects. If you were to experience sickness or injury after receiving the COVID-19 vaccination, a claim can still be lodged for a benefit under your policy and your claim will be assessed and is subject to the terms and conditions of your policy. This includes doctors, nurses, health professionals, police and people working in quarantine hotels and services.
Looking for something else?
We also offer other types of 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. Suncorp Life will continue to look for ways to raise the standards of customer service now and over the years to come. Read more.
At TAL, we are committed to supporting our customers who may be experiencing vulnerability or have unique needs. Contact us or see how we can help if you are experiencing financial hardship or domestic and family violence.
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)
^ The ‘up to 10% discount’ offer is only available to customers who take out a quote and purchase a new Suncorp Income Protection or Life Insurance policy between 1 July and 2 December 2024. All eligible customers will receive a 5% discount automatically applied to their Suncorp Income Protection or Life Insurance premium for the life of the policy. Where an eligible customer is also an existing Suncorp customer who holds any other Suncorp branded insurance policy/ies such as home or car insurance, the 5% discount on premiums for Income Protection or Life Insurance will be automatically applied in addition to the 5% Existing Suncorp Customer discount offered on Income Protection or Life Insurance. The two discounts combined amount to a total of 10% off Income Protection or Life Insurance premiums for the life of the new policy.
* 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.
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.
