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Medibank Life Insurance

Health members save 10%.

Apply for up to $1.5 million cover, depending on your age and income, plus get access to the 24/7 Medibank Nurse phone service^ from the day you join.

Medibank Life Insurance

Cover tailored to protect the life you've built

Whether it’s your partner, kids or parents, how long would they keep going if you suffered a heart attack, were diagnosed with cancer, or passed away in an accident? Medibank Life Insurance lets you tailor your cover based on your needs and lifestyle. This means you could ensure that the school fees get paid, the house stays with your family, and a tragic situation isn't made worse.

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Cover for up to $1.5m

You could be covered for up to $1.5 million, depending on age and income.

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Tailor your policy

Choose to tailor your policy with our optional benefits for Trauma cover and Permanently Unable to Work cover.

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Fast approval

You could be covered in just one phone call, subject to approval.

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Member discount

10% discount for Medibank health insurance members.

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Guaranteed lifetime renewal

Even as your circumstances change, your Life Insurance policy will renew provided premiums are paid (optional Trauma and Unable to Work cover will expire at age 65).

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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^.

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 require.

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Cover for a range of scenarios

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Accidental injury benefits

Designed to help you cope financially while you recover.

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Early payment for terminal illness

Receive a lump sum benefit where a terminal illness is diagnosed and life expectancy is 12 months or less.

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Major life events

Your benefit can be increased for some major life events such as when you get married or buy a house.

Cover options

Match the cover you want to the lifestyle you love. You can take out life cover and add any of the following options.

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Trauma Cover

Apply for a benefit of up to $250,000 if you suffer a specified condition like cancer, a stroke, or a heart attack. 

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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.  

Need some help?

Whatever your life stage or circumstance, check out our cover options for you and your family. Call us on 1300 766 085 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.

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 length application process.

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We’ve got your questions answered

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.

~ 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 3/2/20 9am AEDT & ends 12/4/20 11:59pm AEST. See T&Cs for entry limits. Draws: 2:30pm AEST/AEDT, as applicable in VIC, each Wednesday 12/2/20 - 15/4/20 (10 draws in total) at L4/411 Collins St, Melb. VIC 3000. Prizes: 10 x $1,000 EFTPOS gift card (1 per draw). Winners published online at https://plexus.co/docs/lifeinsurancewinners.pdf by 22/4/20. Promoter: Medibank Private Limited ABN 47 080 890 259, L 4, 720 Bourke St, Docklands VIC 3008. See https://plexus.co/docs/legal-automation-8469.pdf for Terms and Conditions. Permit No's: ACT TP20/00033, NSW LTPS/20/41346 & SA T20/20.

Have questions?

Our team of experts are ready to help!

Enter your postcode to find your nearest store to have a face-to-face chat!

Fill in the form below or get in touch by calling our dedicated line 1300 110 086.
We are open on Sundays.

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