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Life & Funeral Insurance

Help protect your family's future with our range of Life Insurance products.

Health members save 10% on premiums every year.

Medibank health members save 10% on life, income and funeral insurance

Want $100 cashback with life insurance?

Purchase Medibank Life Insurance by 13 Sep 2022 and hold cover for 6 months to receive $100 cashback. T&Cs apply.± Plus, Medibank health members also save 10% on premiums.

Explore Medibank Life Insurance

Insurance designed to support you and the people that matter to you

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Life Insurance

Medibank Life Insurance means providing for your family when you can't. Apply for up to $2.5 million, depending on age and income.

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Starter Life Insurance~

Life cover that can be bought immediately online. Get simple and hassle free life insurance without a lengthy application process.

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Funeral Insurance

Medibank Funeral Insurance can help reduce the burden on those left behind by providing your loved ones with financial assistance if you pass away.

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Life, Income and Funeral Insurance: What's the difference?

Insurance can be one way of protecting yourself, your family and loved ones when life changes unexpectedly. It can give you peace of mind knowing that no matter what happens, there’s help to fall back on.

Products like life insurance, income protection and funeral insurance are often grouped together under the umbrella of ‘life insurance’, but provide different coverage for a range of scenarios.

Life insurance can assist with the financial burden left behind to help you and your family meet living expenses if you’re diagnosed with a terminal illness or in the event that you pass away.

Income protection can be your back-up plan if you fall ill or are injured and can’t continue your duties for work for an extended period of time. Medibank does not currently offer income protection insurance.

Funeral Insurance provides an agreed sum of money (up to $15,000) that can be used to cover the cost of a funeral, however it’s ultimately left up to the beneficiary to spend as required. 

Learn more about what product is right for your circumstances.

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How do I find out more?

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Want to talk to someone?

Whatever your life stage or circumstance, we're here to help. Call us on 1300 722 568, we are open Monday to Friday from 8:00am to 8:00pm.

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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.   

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Help & Resources

Find more information and resources to help you make the most of your life insurance, income protection or funeral insurance.

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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), Target Market Determination 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.

For more information about how Medibank handles your personal information see our Privacy Policy. The Privacy Collection Notice provides more information about our partner’s privacy practices and policy.

± Cashback T&Cs: Offer starts 12.01AM AEST 20 July 2022 and ends 11.59PM AEST 13 September 2022 (Promotion Period). Offer available for new Medibank Life Insurance policies purchased during the Promotion Period. To be eligible for the $100 cashback you must have (a) purchased a new Medibank Life Insurance policy during the Promotion Period and held the active policy for 6 consecutive months from the Policy Commencement Date; and (b) have made 6 months’ worth of payments. Once the eligibility criteria has been met, payment will be processed within 14 days of the payment of your 6th monthly premium into the account from which your premiums are debited.

Offer not available on Medibank Starter Life Insurance policies, or Medibank Funeral Insurance policies. Not available with any other offer, except for the Medibank health member discount of 10% on life insurance premiums.

The cashback offer is limited to 1 payment per policy in the first year of the policy.

The cashback offer will not be payable if your Medibank Life Insurance policy lapses due to non-payment of premiums within the first 6 months of the Policy Commencement Date or you cancel your policy for any reason.

If we have agreed to pause your premiums due to financial hardship within the first 6 months of your Policy Commencement Date, you will still be eligible for the $100 cashback once 6 months of premiums have been paid.

Have questions?

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