Why choose Medibank Life Insurance?
Medibank Life Insurance is here to help you protect the ones you love most.
If you need to help cover the mortgage, contribute to school fees, or help pay for everyday expenses, Medibank Life Insurance can help provide financial security if you're no longer here to provide, or are diagnosed with a terminal illness.1
Medibank health members save 10%
Medibank health members save 10% every year on their life insurance premiums.
Cover for up to $2.5m
Depending on your age and income, you can apply for up to $2.5m in Life Cover.
Tailor your cover
Tailor your insurance with additional cover options like Critical Illness, Total and Permanent Disability or Child Cover.2
No medicals required to apply.
No medical examinations or blood tests, required to apply. Apply online in under 15 minutes.
Award-winning life insurance. Proud to be winners of Most Loved, Top Value and Legendary Service in the 2024 Finder Awards for Life Insurance - Direct.



Frequently asked questions
Want to add some extra cover to your life insurance?
You can add additional insurances like income protection, or add-on cover like Total and Permanent Disability, Critical Illness or Child Cover. These additional Covers can help tailor your insurance policy.
Help protect your income


Want to talk to us?
Whether you're looking for a new quote or have a question about life insurance, we're here to help. Call us Monday to Friday from 8:00am to 8:00pm AEST/AEDT.
Things you should know
¹ Lump sum payable if you suffer a terminal illness and your life expectancy is 12 months or less. For the definition of terminal illness, please refer to the PDS.
2 Eligibility criteria apply, please refer to the PDS.
3 For details on the optional TPD Cover, including definitions and eligibility criteria, please refer to the PDS.
4 For details on the optional Critical Illness Cover, including definitions and eligibility criteria, please refer to the PDS.
5 For details on the optional Child Cover, including definitions, qualifying periods and eligibility criteria, please refer to the PDS.
6 Eligibility criteria apply. Pre-tax income is defined in the PDS.
* First year discount Terms & conditions
Offer starts 12.01am AEST on 19 May 2025 and ends 11.59pm AEST on 31 July 2025 (Promotion Period). Customers who purchase a Medibank Life Insurance or Medibank Income Protection policy for the first time (Eligible Policy), either online or over the phone during the Promotion Period will receive a 10% discount (Discount) on the premiums payable during the first 12 months their policy is in force.
The Discount will also apply to any customers who start a quote or resume their application of an Eligible Policy, during the Promotion Period, and then complete the purchase of the same quote or application prior to that quote or application expiring.
Where a customer purchased an Eligible Policy prior to or during the Promotion Period, and then adds additional cover types via a separate application during the Promotion Period (TPD Cover, Critical Illness Cover or Child Cover), the Discount will not apply to these additional cover types.
Where a customer is a Medibank health member, the Discount is in addition to the standard 10% health member discount. The two discounts combined, amount to a total of 20% off the first year’s premiums. Medibank health members continue to receive 10% off their premium every subsequent year, for so long as their health membership is maintained. All discounts are applied to the annualised premium amount and before the deduction of all applicable taxes.
The Discount will end on the first policy anniversary date. The period that the Discount applies for will not change or extend despite the use of the Premium and Cover Pause Benefit, or the waiver of premiums in relation to an Income Protection claim (as outlined in the relevant PDS).
All terms and conditions, waiting periods, limitations and exclusions will apply to all cover purchased in accordance with the relevant PDS. We reserve the right to change the Promotion Period of the Discount. The Discount only applies if it is shown on the quote and/or application provided when applying. Not available with any other offer except for the Medibank health member discount.
Life Insurance
Medibank Life Insurance and Medibank Income Protection (collectively Medibank life insurance) are issued by the insurer, Zurich Australia Limited ABN 92 000 010 195 AFSL 232510 (Zurich). NEOS Direct, a registered business name of NDLI Pty Ltd ABN 70 665 747 277 AFSL 547119, distributes and services Medibank life insurance, which is promoted by NEOS Direct's authorised representative Medibank Private Limited ABN 47 080 890 259 (AR No. 286089) (Medibank).
Any advice provided is general only and doesn’t consider your objectives, financial situation or needs. You should consider these factors, the appropriateness of the advice, and carefully read the relevant Product Disclosure Statement (which sets out the product terms, conditions and exclusions), Target Market Determination and Financial Services Guide before making a decision to acquire, or continue to hold, the product.
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