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Get a Medibank Life Insurance quote and go in the draw to win a $1k EFTPOS gift card. There's a winner each week. Ends 2 February.±
Get a quick quote Call 1300 722 568
Why choose Medibank Life Insurance?
24/7 Nurse
Medibank Life Insurance policy holders can call a Medibank Nurse at any time of day or night*.
Cover for up to $2.5 million
You could be covered for up to $2.5 million, depending on your age and income.
Member discount
Medibank health insurance members save 10%.
Fast approval
You could be covered in just one phone call, subject to approval.
Not sure how much life cover you need?
Answer a few questions below to explore how much life insurance cover you might want1
Need some help?
Call us on 1300 766 085 and one of our specialists will assist you with your application. We’re happy to answer any questions you may have about Medibank Life Insurance.
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.
We’ve got your questions answered
Medibank Starter Life Insurance can be applied for immediately online, without lots of health questions. You can choose to be covered between $50,000 and $250,000. To apply, you need to be aged between 18 and 45 years (inclusive) and be an Australian resident.
As our Medibank Starter Life application process does not consider your detailed health and lifestyle information and covers you in the event of death and terminal illness, we recommend you consider the PDS and/or obtain independent financial advice to see whether this product is right for you.
Our standard Medibank Life Insurance product also covers you in the event of death and terminal illness and has accidental injury cover. Medibank Life Insurance can provide you with a higher benefit amount than Starter Life Insurance and has additional optional covers available for Trauma cover and Permanently Unable to Work cover, so you can tailor it to your needs. The application process is therefore longer than for Starter Life Insurance and is required to be completed over the phone. You can choose to be covered for up $2.5 million depending on your age and income at time of application. To apply, you need to be aged between 16 and 70 years of age (inclusive) and be an Australian resident. You can request a quote online or apply on the phone.
If you are unsure about any of our Medibank life insurance products or have any questions, call one of our sales specialists and they can talk you through our different products available.
Life insurance will pay you or your chosen beneficiaries, a lump sum amount if you pass away or are diagnosed with a terminal illness and have 12 months or less to live.
You can also choose extra options like Trauma cover and Permanently Unable to Work cover with Medibank Life Insurance.
You need to be a permanent Australian resident to apply for any of our products. An Australian resident means a person who resides in Australia and:
- hold Australian or New Zealand citizenship; or
- holds an Australian permanent residency visa.
A medical examination is not required as insurability will be determined by your answers to the health and lifestyle questions. You must be aged between 16 and 60 years to also add Permanently Unable to Work cover, Children's Insurance cover and Trauma cover.
For Medibank Starter Life Insurance, you must be an Australian resident aged between 18 and 45 years. For our Medibank Life Insurance, you must be an Australian resident aged between 16 and 65 years at the time of application.
If you’re not sure how much cover you need, it may be best to speak to a financial advisor.
We have a helpful life insurance calculator which can also help you to work out how much insurance you may need.
It’s worth checking before assuming you have enough cover. If you’re not sure how much cover you need, it may be best to speak to a financial advisor.
We have a helpful life insurance calculator which can also help you to work out how much insurance you may need.
Things you should know
*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.
1The life insurance calculator provides a general guide only to help you estimate your cover needs for term life insurance and does not consider your personal objectives, financial situation or needs. This calculator does not constitute financial product advice. Before making any decisions, you should read the relevant Product Disclosure Statement (PDS). This calculator provides a guide to determining the sum insured for term life insurance only, and does not represent a quote or pre-qualification. It also does not consider other cover or life insurance needs, such as income protection, trauma, or total and permanent disability cover. This is a simple calculator based on your responses and does not capture anything outside the scope of the questions asked. Your estimated cover need is calculated on the basis of a number of assumptions. If these do not apply to you, or there are other matters relevant to you that have not been considered, the result you obtain may not be suitable for your intended purpose. The result you obtain from this calculator is dependent on the accuracy of the information you have provided and only relates to the disclosed circumstances at a point in time. It is likely that other circumstances apply to you which will not be considered by this calculator. Insurance needs also change over time and you should regularly revisit your insurance needs, particularly after making a significant lifestyle change such as upgrading your home.
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: 12:01 am AEDT 11/11/20. Ends 11:59pm AEDT 2/2/21. See T&Cs for entry limits. Draws: 2:30pm AEDT, 23/11/20, 30/11/20, 7/12/20, 14/12/20, 11/1/21 (4 draws), 18/1/21, 25/1/21, 1/2/21, 8/2/21 at L4/411 Collins Street, Melbourne VIC 3000. Prizes: 12 x $1,000 EFTPOS gift cards (1 per draw). Winners published at https://plexus.co/docs/lifeinsurancewinners.pdf on 19/02/21. 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-1000-gift-card-promotion for Terms and Conditions. ACT Permit No. TP2/01376, NSW Authority No. TP20/00392 and SA Permit No. T20/1240.
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