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Medibank Life Insurance

Medibank Life Insurance means providing for your family when you can't. Apply for up to $1.5 million, depending on your age and income.

Cover tailored to protect the life you've built

Think about the people who rely on you. 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 cover 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

Medibank health insurance members save 10%.

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.

Family using life insurance calculator

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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Guaranteed lifetime renewal

Even as your circumstances change, your policy will renew, subject to premiums being paid.

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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

^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 11/11/19 9am AEDT & ends 19/1/20 11:59pm AEDT (“Promotional Period”). See T&Cs for entry limits. Draws: 2:30pm AEDT each Wed 20/11/19 - 22/01/20 (10 in total), at Plexus L4/411 Collins St, Melb. VIC 3000. Prizes: 10 x $1,000 EFTPOS gift card (1 per draw). Winners published online at Plexus by the 27/12/19 (draws 1-5) and by 29/01/20 (draws 6-10). Promoter: Medibank Private Limited ABN 47 080 890 259, L 4, 720 Bourke St, Docklands VIC 3008. See Terms and Conditions for more details. Permit No's: ACT TP 19/04459, NSW LTPS/19/39235 & SA T19/1778