Bupa Life Insurance provides your family with financial assistance in the event of your death or terminal illness.
A lump sum is paid following your death or diagnosis of terminal illness, so that your family can continue to meet day-to-day expenses such as mortgage payments and maintain their current standard of living.
It also provides an advance benefit to cover the cost of a funeral, and an extra 20 percent payment if death occurs as a result of a motor vehicle accident.
If you're between 16 and 55 years old, you can choose to apply for any sum insured from $50,000 to $1,000,000, in multiples of $50,000. If you're between 56 and 64, can apply for a maximum of $500,000.
Key Features
- A lump sum benefit is paid in the event of your death and terminal illness
- Choice of cover, ranging from $50,000 to $1,000,000 (from age 56, maximum benefit is $500,000)
- Motor Vehicle Accident Benefit - additional 20 percent of the benefit payable if death is the result of a motor vehicle accident (up to $50,000)
- Funeral Expense Benefit - advance benefit of $15,000 to help with the costs of a funeral
- Cover Indexation Benefit - cover automatically increases each year to keep pace with inflation, subject to a minimum increase of five percent
- Permanent Australian residents aged 16-64 years can apply
- Cover is guaranteed renewable - this means that as long as you pay your premiums when due, we'll guarantee to continue providing you with cover
- 24-hour worldwide protection
- Level premium rate for the first three years
- Premium discounts for higher levels of cover
- Flexibility to pay premiums annually, or monthly at no extra cost
- Bupa health insurance members receive 10 percent discount on premiums, and an additional 20 percent of the benefit payable if death is the result of an accident and no claim is made under the Motor Vehicle Accident benefit (up to $50,000)
For more information download the Bupa Life Insurance Factsheet.
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Please refer to the Product Disclosure Statement for applicable definitions and exclusions before making any decisions about a product.
