Funeral Insurance

Funeral Insurance can help you and your family to financially prepare for the future. By paying monthly, fortnightly or annually premiums, you’ll make sure your family receives a lump sum when you pass away. This can be used to help cover funeral costs or to support with settling your affairs.

Cover starts from just $2.95 a week
5% multi-life discount when you add another adult to the same policy

Get a quick quote

Or call 13 11 55

Save 5% on premiums every year

Take out a quote and purchase Suncorp Funeral Insurance by 2 December 2024 and save 5% for the life of your policy^{^}.

T&Cs apply.

What is funeral insurance and how does it work?

Suncorp Funeral Insurance provides a lump sum payment of up to $15,000 to your family when you pass away. This can be used to cover funeral costs like chapel fees, burial expenses, cars or flowers, or to settle your affairs - like any unpaid bills or outstanding debts.

To secure a suitable fixed cover amount and ensure your family gets the financial support they need, you can choose to pay monthly, fortnightly or annually premiums.

Do I need funeral insurance?

Wherever you’re at in life, funeral cover is a good way to plan ahead and enjoy peace of mind that your family won’t be left with financial burden after you’re gone. With a funeral insurance policy, you’ll know you’re making the right decision by your children and loved ones.

How much does funeral insurance cost?

With Suncorp cover starts from just $2.95 a week. Premiums are available fortnightly, monthly or yearly. If you choose to pay your premiums annually, you’ll only pay 11 months instead of 12 months.

The premium amount you pay will depend on a few things, like your cover level, payout amount, age, health and lifestyle. Cover level is offered between $3,000 - $15,000 upon application, which can be increased to up to $25,000 once your policy is in place. Payout is a lump sum and is generally tax free.

Get a quick quote

Or call 13 11 55

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Suncorp Funeral Insurance at a glance

What’s included?

Cover for Accidental Death
After the first 12 months of cover, any cause of death is covered.
Tailor your funeral insurance cover
Suncorp Funeral Insurance offers between $3,000 – $15,000 upon application, which can be increased to up to $25,000 once your policy is in place. Payout is a lump sum and is generally tax free. It can help your loved ones cover funeral costs, debts and other expenses.
Fast payout within 24 hours
Enjoy funeral cover with no waiting period. Payment is usually made within 24 hours of an approved claim, so your family will have one less thing to worry about.
Add a family member to your funeral policy
Receive a 5% multi-life discount when you add another adult to the same funeral insurance policy. The multi-life discount doesn’t apply to the optional Accidental Death Cover.
10% Bonus Cover after 5 years
Bonus cover is provided at no extra cost, as thanks for your loyalty.

Early payout option
Enjoy the option of receiving the 120% of your benefit after your 85^th birthday. Please be aware that there are income tax implications you should consider before exercising this option.
Value Promise
The amount your family receives as payout will depend on the option you select when you take up a policy. Here’s a quick guide:
1) You choose 100% option = payout will be your cover amount or 100% of premiums paid (whichever is greater)
2) You choose 70% option = payout will be your cover amount or 70% of premiums paid (whichever is greater)
Annual premium discount
If you choose to pay your premium annually, you’ll only pay 11 months instead of 12.

What’s not included?

No payout if you die during the first 12 months
No funeral benefit is payable if you die during the first 12 months from any cause other than Accidental Death. If this occurs, we will pay a benefit amount equal to the Funeral Insurance premiums you’ve paid so far.
Limited payouts on Accidental Death

No funeral benefit or optional Accidental Death Cover is payable for Accidental Death if your death is directly or indirectly a result of:

an accident that happened before the policy start date,
a sickness, or
an intentional self-inflicted act.

For more information on the exclusions, read the PDS

Get a quick quote

Or call 13 11 55

Optional add-on

Accidental Death Cover

Designed to help you and your family with the unexpected costs of an accidental death, this will provide a payout if you die from an accident, or within 6 months of an injury leading to your death. You can choose a cover amount between $1,000 and $50,000 – which will be paid to your loved ones on top of your funeral cover benefit.

Want to know more?

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

Who can apply?

Who is eligible for funeral cover in Australia? Suncorp Funeral Insurance is available to any customers who permanently reside in Australia and are:

aged 45 to 80
an Australia citizen or
an Australia permanent resident
a New Zealand citizen

Get a quick quote

Or call 13 11 55

View our operating hours

Why so many Australians choose Suncorp Funeral Insurance

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

Suncorp Funeral Insurance rewards you with a 5% multi-life discount when you add a family member to your policy, and a bonus 10% of your average funeral cover after 5 years at no extra cost. The multi-life discount doesn’t apply to the optional Accidental Death Cover.

Frequently Asked Questions

Yes - if your parents are Australian or New Zealand residents under the age of 80 you are eligible to apply for Suncorp Funeral Insurance.

To talk to the Suncorp Life team about a claim you can call 13 11 55, Monday-Friday, 8:00am-6:00pm (AEST). Please have the policy number on hand when you call. To lodge your claim, the friendly Suncorp Funeral Insurance staff will be there to take care of your nominated beneficiaries or your legal personal representative. Please have the policy number on hand as well as date and cause of death. Please read the PDS for full details.

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 Funeral 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.

The Youpla Group, also known as the Aboriginal Community Benefit Fund (ACBF) sold insurance policies to First Nations people and went into liquidation in March 2022.

To help the families of fund members affected by the collapse, the Australian Government is running a support program for those affected.

Youpla Support Program (valid from 1 July 2024)

The Youpla Support Program commenced on 1 July 2024 and will continue until 30 June 2026.

Eligible recipients will not need to apply or register, Services Australia will make contact by phone.

It may take some time for Services Australia to contact everyone. If a request is urgent, please contact Services Australia or if you think Services Australia may not have your up-to-date contact details you can contact Services Australia and update this information.

Key things to note about the Youpla Support Program:

You may be eligible for a payment through the program if you paid for an ACBF/Youpla funeral fund on or after 1 August 2015 and have not received a previous payment.
The program will pay 60% of the amount paid for your policy, up to the total value of the policy (whichever is lower).
If a payment is $1000 or more, you will be able to choose between putting the payment into a funeral bond to pay for Sorry Business, or a lump sum payment into your bank account.
Financial counselling will be available to help you make the choice.

The initiative follows the interim Youpla Group Funeral Benefits Program, which closed on 30 June 2024 and allowed the families of former members to claim a grant to cover immediate funeral expenses.

Need further assistance?

For more information about the Youpla Support Program, go to niaa.gov.au/Youpla or call Services Australia on 1800 136 380.
If this has brought up hard feelings, you can call 13YARN (13 92 76) for a private yarn with a First Nations supporter. They will take the time to listen with no shame of judgment.
If you have any questions about your Suncorp Funeral policy and you are a Youpla customer, we can assist you in discussing any options you may wish to consider and answer your questions. While we are unable to give you personal advice which considers your own individual situation or needs, we can let you know options you may wish to think about. Please contact us on youplaenquirysuncorp@suncorplifeinsurance.com.au.

Note: This information is current as at 10th October 2024 and is based on information available at that date from the relevant Government websites.

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.

Suncorp Funeral Insurance is here to help

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Call 13 11 55

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^{^} The 5% discount offer is only available to customers who take out a quote and new Suncorp Funeral Insurance policy between 1 July and 2 December 2024. The 5% discount will be applied to your Suncorp Funeral Insurance premium for the life of the new policy.