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Life Insurance

Health members save 10% off premiums.

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 $1.5 million

You could be covered for up to $1.5 million, based on your circumstances.

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Tailor your policy

Choose from a range of optional benefits including Trauma 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…

Why choose Medibank Life Insurance?

Medibank Life Insurance takes into account your health and occupation so you know exactly what you are covered for. 

Choose from our optional extras to broaden your protection against a range of events and risks.

If you are after a low level of cover and would prefer a quicker application or prefer not to disclose detailed health information, Medibank Starter Life Insurance may be a suitable alternative for you. View the PDS. 

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 major life events such as when you get married or buy a house.

Tailor your cover

Match the cover you want to the lifestyle you love.  You can just take out life cover, or you can add any of the following options in the one simple plan.

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. 

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.  

How can I find out more?

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Get a quote online

Answer a few simple questions to request a quote online. We’ll then call you to help you complete an application.

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Give us a call

We’re happy to answer any questions you may have and complete your application.

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Visit a store

Visit us at one of our many Medibank stores across Australia.

Need some help?

Whatever your life stage or circumstance, check out our cover options for you and your family.

If our Medibank Life Insurance is not right for you, we have great alternatives. 

Call us on 1300 766 085 and one of our specialists will take you through our product options.

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

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.