Life insurance FAQs

Life can throw some tricky situations at you so we've got answers to common questions right here for you.

How much does life insurance cost?

Like all life insurance policies, the level of cover and the type of cover you have will affect your premium, or how much you pay. The age of each life insured at the time of application and policy anniversary will also be factored in.

Our Medibank Life Insurance product also calculates the premium based on the answers to the health and lifestyle questions we ask during the application process. 

Medibank Starter Life Insurance will ask you to select a health and lifestyle statement to provide you with a premium. You also have the option to provide your height and weight details to see if you're eligible for a discount on this premium.  

Things you should know

Any advice provided is general only and doesn’t consider your objectives, financial situation or needs. You should carefully read the relevant Product Disclosure Statement (which sets out the product terms, conditions and exclusions) and Financial Services Guide available here to ensure the product is right for you.

Medibank life insurance products are issued by the insurer, Swiss Re Life & Health Australia Limited ABN 74 000 218 306, AFSL 324908 (Swiss Re). Medibank life insurance products are distributed by Greenstone Financial Services Pty Ltd ABN 53 128 692 884, AFSL 343079 (GFS), and promoted by Medibank Private Limited ABN 47 080 890 259, AR 286089 (Medibank Private). Medibank Private is an authorised representative of GFS.

Your personal information will be handled in accordance with our Privacy Collection Notice.

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