Life & income protection insurance

Help protect you and your family's future with our range of life insurance products.

Medibank health members save 10% every year.

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

Insurance designed to support you and your loved ones

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Life insurance

Medibank Life Insurance helps support your family when you can't. Apply for life cover up to $2.5 million, depending on your age and income. You can also tailor your life cover with optional benefits.

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Income protection

Medibank Income Protection provides regular payments during your benefit period to replace some of your income if you're unable to work due to illness or injury.*

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Life and income protection 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 some peace of mind knowing that if the unexpected happens, there’s help to fall back on.

Products like life insurance and income protection 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 suffer 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. It can provide you with a monthly benefit as a percentage of your regular income to help you maintain your way of living. 

Why choose Medibank Life and Income Protection Insurance?

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Member discount

Medibank health members save 10% on life insurance & income protection insurance.

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Easy application

Apply online or over the phone, no medicals or blood tests required.

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Claims support

A dedicated claims consultant will be assigned to you by the insurer to support you through the claims process.

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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

* Eligibility criteria apply. 

# 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.

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.

Your personal information will be handled in accordance with the Privacy Policies of the parties involved. Click here for NEOS Direct's Privacy Policy, Medibank Private's Privacy Policy or Zurich's Privacy Policy