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Protect the life you've built with Medibank Life Insurance
Think about the people who rely on you. How long could your partner, kids, or relatives keep going on their own to cover the life you've built together?
You can't predict tomorrow, but you can protect it. By choosing a life insurance cover that can be tailored to your needs, this means for example, the school fees and the mortgage are able to be paid and a tragic situation isn't made worse.
Explore our life insurance cover options below and help your family's life go on in just a few clicks.
Cover for up to $2.5m
You could be covered for up to $2.5 million, depending on age and income.
Tailor your policy
Choose to tailor your policy with our optional benefits for Trauma cover and Permanently Unable to Work cover.

Fast approval
You could be covered in just one phone call, subject to approval.
Member discount
10% discount for Medibank health insurance members.

Guaranteed lifetime renewal
Even as your circumstances change, your Life Insurance policy will renew provided premiums are paid*.
Help on hand
Life Insurance policy holders can call our phone service to speak to a Medibank Nurse about their health concerns at any time of the day or night^.
Cover for a range of scenarios
Accidental injury benefits
Designed to help you cope financially while you recover.
Early payment for terminal illness
Receive a lump sum benefit where a terminal illness is diagnosed and life expectancy is 12 months or less.
Major life events
Your benefit can be increased for some major life events such as when you get married or buy a house.
Tailor your Medibank Life Insurance cover
Match the cover you want to the lifestyle you love. You can take out life cover and add any of the following options.
Trauma Cover
Apply for a benefit of up to $500,000 if you suffer a specified condition like cancer (excludes early stage cancers), a stroke, or a severe heart attack.
Permanently unable to work cover
Apply for a benefit of up to $1.25 million if an accident or medical condition means that you’ll be unable to work in an occupation you’re suited for.
Not sure how much life cover you need?
Answer a few questions and we'll help you work out the amount of life insurance cover you might want. Try the Medibank Life Insurance Calculator.

Understanding Life Insurance
What is life insurance?
Life insurance will pay your chosen beneficiaries a lump sum amount if you pass away or pay you if you are diagnosed with a terminal illness and have 12 months or less to live. However, there’s more to the story. You can also insure yourself against total and permanent disability; major illness and injury; or loss of income.
How much life insurance should you consider?
Everyone's life is different, so you'll need to take the time to analyse what you want to protect. If you're not sure, it may be best to talk to a financial advisor. Medibank's Life Insurance Calculator can help you take the first step to work out how much life cover you may want to consider.
When to consider life insurance?
Getting married, starting a new job, having a baby or buying a new house? A good time to consider life insurance can be before major life changes that mean the wellbeing of people you care about could be directly affected by what happens to you. This may also be a good time to reassess any existing life insurance policies to see if it’s still a good match for your needs.

Why choose Medibank Life Insurance?
Medibank Life Insurance can provide cover of up to $2.5 million, depending on your age and income, so you know that the people who are most important to you can be properly looked after if you can't take care of them. You'll also get access to the 24/7 Medibank Nurse phone service^ from the day you join. Chat to experienced and qualified nurses over the phone to discuss any health questions or concerns and get professional advice on what to do next.
Guaranteed renewal
Even as your circumstances change, your Life Insurance policy will renew provided premiums are paid*.
Fast approval
Apply for a policy in just one call or buy Starter Life Insurance online~.
Member discount
10% discount for Medibank health insurance members.
Help on hand
Get access to the 24/7 Medibank Nurse phone service^. Call 1800 325 211 at any time.
Looking for something simpler?
We also have the option of Starter Life Insurance. Life cover that can be bought immediately online.
Get simple and hassle free life insurance without a lengthy application process.
Learn more about Starter Life Insurance

Want to learn more about life insurance?

Life insurance Australia: fact vs fiction
If you’ve looked into getting life insurance but haven’t been able to make a decision, you’re not alone. It’s easy to be overwhelmed by all the information you see and hear.

Do I need life insurance in Australia?
Your car insurance renewal arrives and you pay it, without question. It makes sense to be protected from the unexpected. But what about insuring you?

When to consider life insurance
Wherever you are in life, whether you’re looking to start a family, advance your career or buy a home, having the right insurance can help protect and maintain quality of life.

Young people and life insurance
As a young person, the topic probably isn’t something you've given much thought to. The first step is understanding how life insurance works.
Still got questions? We've got the answers
Medibank Life Insurance is issued by Swiss Re Life & Health Australia Limited, ABN 74 000 218 306; Australian Financial Services Licence No. 324908, of Level 36, Tower Two, International Towers Sydney, 200 Barangaroo Avenue, Sydney NSW 2000, and is promoted and distributed by Medibank Private Limited, ABN 47 080 890 259 Authorised Representative No. 286089 of Level 17, 700 Collins Street, Docklands, VIC 3008 (Medibank Private).
In doing so, Medibank Private is acting as the authorised representative of Greenstone Financial Services Pty Ltd (GFS) ABN 53 128 692 884, AFSL 343079, of 58 Norwest Blvd, Bella Vista NSW2153. GFS is authorised to enter into Medibank Life Insurance policies on Swiss Re's behalf.
You can cancel your Insurance Policy by calling us on 1300 766 085 or by writing to:
Policyowner Services
Medibank Life Insurance
PO Box 6728
Baulkham Hills NSW 2153
A confirmation of cancellation will be sent to you.
The relevant Life Insurance Policy Product Disclosure Statement (PDS) will provide the important information on how exclusions may affect your cover. It’s important to read the PDS for all exclusions that apply to your cover. Some exclusions include (but are not limited to) the below:
No payments will be made if your death is because of a self-inflicted injury or terminal illness within 13 months of:
- the policy beginning
- an increase to the policy (with regards to the increased portion); or
- the policy being reinstated.
We will also not pay any benefit where we have agreed with you a special term in respect of your cover that specifically excludes the event or condition leading to the claim. Any such provision will appear on your policy schedule.
We will not pay an Accidental injury benefit, a Permanently Unable to Work benefit or a Trauma benefit where the condition is a result, directly or indirectly, of an intentional or deliberate self-inflicted injury.
For Trauma cover, we will not pay the Benefit Amount in the case of Cancer, Stroke, Coronary Artery Bypass Surgery or Severe Heart Attack if the condition was diagnosed, or the circumstances leading to diagnosis became apparent, after the Acceptance Date and within 90 days after:
- the Commencement Date; or
- the date that an increase in Benefit Amount is requested in respect of the Life Insured (but only in respect of the increase); or
- where we have agreed to reinstate the Policy after it was cancelled, the date on which we reinstate the Policy.
Depending on your answers to the health and lifestyle questions there may be other exclusions applied to the Policy which you will be advised of at the time of your application and which will be listed on your Policy Schedule.
Please refer to the PDS for further details.
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.
Generally the premiums are not tax deductible and benefits paid are not assessed as income.
This information is based on continuance of present tax laws and our interpretation of those laws.
Your individual situation may differ and you should seek qualified professional advice in relation to your particular circumstances.
How do I find out more?
Want to talk to someone?
Whatever your life stage or circumstance, we're here to help. Call us on 1300 722 568, we are open Monday to Friday from 8:00am to 8:00pm.
Life Insurance Code of Practice
The Life Insurance Code of Practice is the life insurance industry’s commitment to customer service standards and it’s designed to protect you, the customer.
Help & Resources
Find more information and resources to help you make the most of your life insurance, income protection or funeral insurance.
Looking for a different cover?
Income Protection
Medibank Income Protection goes to work when you can't, by protecting your income if it is disrupted by illness or injury.
Funeral Insurance
Medibank Funeral Insurance can help reduce the burden on those left behind by providing your loved ones with financial assistance if you pass away.
Things you should know
* Optional Trauma and Unable to Work cover will expire at age 65.
^ 24/7 Medibank Nurse Phone Service is offered by Medibank Health Solutions Pty Ltd who reserve the right to withdraw or change the service at its sole discretion.
~ Medibank Starter Life Insurance is able to be purchased online for applicants aged 18 to 45, to a maximum of $250,000 in cover.
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.
±Aus. res. 18+ only. Starts 3/2/21 12:01am AEDT. Ends 27/4/21 11:59pm AEST. See T&Cs for entry limits. Draw: 2:30pm AEST 5/5/21, Plexus, Level 4, 411 Collins Street, Melbourne VIC 3000. Prizes: 3 x $2,500 EFTPOS gift card. Winners published at https://www.plexus.co/terms/medibank-life-insurance-2-5k-gift-card-2021 by 12/05/21. Promoter: Medibank Private Limited ABN 47 080 890 259, L 4, 720 Bourke St, Docklands VIC 3008. See https://www.plexus.co/terms/medibank-life-insurance-2-5k-gift-card-2021-1 for Terms and Conditions. Permit No's: ACT TP20/018412 & SA T20/1599.
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