In order to bring you the best possible user experience, this site uses Javascript. If you are seeing this message, it is likely that the Javascript option in your browser is disabled. For optimal viewing of this site, please ensure that Javascript is enabled for your browser.

Should I consider life insurance?

Life insurance can help to provide for you or your family if an illness or injury puts you out of action for a while, or if you were to pass away, by helping to fill the financial gap that your family would face without your income.


Life insurance products can help you:

Pay the mortgage or rent

Pay for your children’s education

Cover your day to day bills

Cover out of pocket medical expenses

Why Life Insurance is important

We’d all want our families to continue enjoying a good quality of life if we weren’t there. But how would they do that without your income, without your help around the house, and without your help in raising the kids?

While money can’t replace you, it can certainly help ease your family’s suffering and allow them to live the kind of life you would have wanted for them. That’s where life insurance can help.

How Bupa Life Insurance works

When you take out life insurance, the cover amount you select is important. Bupa Life Insurance provides cover amounts of between $50,000 and $1 million. If you were to pass away, or be diagnosed with a terminal illness while your policy is still in place, your family can make a claim on your policy. Your claim will be assessed in accordance with the policy terms. Where your claim is approved, your family will receive the cover amount as a lump sum payout. When you apply, you can choose who should receive this benefit, and you can choose up to 2 people.

It’s important to get the cover amount right. When deciding on a cover amount, think about what you’d like the money to be used for, as well as your personal circumstances. For example, how much would your family need to pay off the mortgage, to pay for the remainder of your kids’ schooling, or to hire extra help around the house?

When you apply you’ll need to answer a series of questions about the state of your health - this process is called underwriting. If you have no major health issues you’ll normally be approved for cover immediately. However, if you do have health issues you might not be able to get cover through Bupa Life Insurance. If that happens you may still be able to get cover if you were to pass away in an accident, through Bupa Accidental Death Insurance.

It’s important that you answer all these questions truthfully, otherwise any claim you may make in the future might be reduced or denied altogether. You don’t need to update us on changes to your health after you’ve taken out the policy, except if you want to increase your cover amount.

Why Serious Illness Insurance is important

We all know someone who’s had cancer or a heart attack – and we all know the toll it takes on them and their families. We hope it never happens to you, but if it does it’s always good to be prepared.

Have you thought about how you’d maintain your financial security if you were recovering from a serious illness?

Out of pocket medical expenses, mortgage repayments or rent, and household expenses are just some of the commitments you may need to cover while you’re off work and recovering from a serious illness.

Serious illness insurance can help you look after these commitments, allowing you to focus on your recovery. Once you’ve recovered , it can also help you adapt to the often life-changing impacts of a serious illness – for example making changes to your home if you have reduced mobility, or reducing the number of hours you work so you can focus on other things in life.

How Bupa Serious Illness Insurance works

When you take out Bupa Serious Illness Insurance you need to select one of three cover amounts - $50,000 (Standard), $100,000 (Plus) or $200,000 (Premier). If you’re diagnosed with a specified illness, and your claim is approved, 100% of the cover amount is paid as a lump sum payment.

Illnesses covered^ include Cancer, Benign Brain Tumour, Heart Attack, Diabetes, Stroke and Coronary Artery Bypass.

When deciding on a cover amount, think about what you’d want to use the money for and your personal circumstances. You may wish to use it to repay loans, fund additional healthcare expenses, or even enjoy a holiday as you recover.

When you apply you’ll need to answer a series of questions about your health - this process is called underwriting. If you have no major health issues you’ll normally be approved for cover immediately.

However, if you do have health issues you might not be able to get cover through Bupa Serious Illness Insurance. If that happens, you could still be able to get cover for some injuries caused by an accident, through Bupa Injury Cash Insurance.

It’s important that you answer all these questions truthfully, otherwise any claim you may make in the future might be reduced or denied altogether. You don’t need to update us on changes to your health after you’ve taken out the policy, unless you want to increase your cover amount.

^Subject to the definitions set out in the terms and conditions.

Why Injury Cash Insurance is important

Slipping in the shower, tripping on the pavement, colliding on the sporting field – all common accidents that you or someone you know may have experienced. A broken arm or leg may leave you unable to work for months and could come with some expensive medical bills, and time off work could mean no income after you’ve exhausted any leave entitlements. Bupa Injury Cash Insurance can help you to keep up with your rent or mortgage payments, household expenses, and any out of pocket medical expenses while you’re out of action after suffering a specified injury.

How Bupa Injury Cash Insurance Works

When you take out Bupa Injury Cash Insurance you can select one of two cover amounts - $100,000 (Standard) or $200,000 (Premier). If you have an accident and/or suffer one of the specified injuries, and your claim is approved, you will receive a lump sum payment. The amount you receive depends on:

The cover amount you applied for

The type of injury: you’ll get 5% of the cover amount for certain broken bones, 50% of the cover amount for a total and permanent disability and 100% of the benefit amount for death as a result of an accident^.

If you’re bedridden: you’ll get a Daily Bed Confinement allowance, if, as a direct result of an accident, a medical practitioner certifies that you need to to be confined to a bed for 24 hours a day for at least 3 consecutive days due to your injuries and are under the regular care of a nurse or a personal care attendant^.

Additionally, if you get the Daily Bed Confinement benefit and if you need to hire a housekeeper to help you, you’ll get an extra homecare allowance, up to a maximum of 45 days.

Bupa Injury Cash Insurance also protects your loved ones in the event that you pass away as a result of an accident. Your loved ones can make a claim on your policy, and will receive 100% of your cover amount as a lump sum payout. Bupa Injury Cash Insurance is a “guaranteed acceptance” product. That means if you’re a Permanent Australian resident between the ages of 18 and 65 when you apply, you’re guaranteed to be covered – whatever the state of your health*.


^ Subject to terms and conditions.

* Pre-existing conditions are not covered.

Why Accidental Death Insurance is important

Accidents happen everyday. We can usually laugh off the small ones and carry on, but nothing can ever prepare us for the shock of hearing that a loved one has passed away in a major accident.

If you passed away as a result of an accident, not only would your family have to deal with the emotional shock, they’ll also have to deal with the financial shock. This would be even worse if you are the main income earner. That could put your family home at risk, along with the quality of life that you’ve worked so hard to provide for them.

While money can’t replace you, it may give your family the financial security they need to maintain their current lifestyle. That’s where accidental death insurance can help.

How Bupa Accidental Death Insurance Works

When you take out accidental death insurance, the cover amount you select is important. Bupa Accidental Death Insurance offers cover amounts of between $50,000 and $1 million. If you were to pass away as a result of an accident while your policy is in place, your family can make a claim on your policy. Where your claim is approved, your family will receive the cover amount as a lump sum payout. You choose who receives this payment, and you can choose up to 2 beneficiaries.

It’s important to get the cover amount right. When deciding on a cover amount, think about what you’d like the money to be used for as well as your personal circumstances. For example how much would you need to pay off the mortgage, to pay for the remainder of your kids’ schooling, or to hire extra help around the house?

Accidental death insurance won’t provide cover if you’re diagnosed with a terminal illness, or if you pass away from illness or natural causes. These events are covered immediately under Bupa Life Insurance.

Bupa Accidental Death Insurance is a “guaranteed acceptance” product. That means if you’re a permanent Australian resident and are between the ages of 18 and 64 when you apply, your guaranteed to be covered – whatever the state of your health. In fact you won’t be asked any questions about your health. That means you can still get Bupa Accidental Death Insurance even if we can’t offer you Bupa Life Insurance due to health reasons, however accidents to pre-existing conditions won’t be covered.

Why Income Protection Insurance is important

Getting sick or suffering an injury is something we all accept as a part of life. Most of the time it’s just a minor annoyance, but at some point in our lives many of us experience an illness or injury that puts us out of action for a while.

Having income protection insurance may help you get back on your feet sooner by replacing a portion of your income, to help you pay the mortgage or rent, and any other living expenses if you are unable to work due to illness or injury.

How Income Protection Insurance Works

When you take out Bupa Income Protection Insurance you’ll need to select 3 things:

A monthly cover amount – this is what you’ll get paid each month if you’re unable to work due to illness or injury. Your monthly cover amount can be up to 75% of your monthly pre-tax income. This is subject to a maximum monthly benefit of $20,000 (pending your occupation).

A waiting period – after your doctor certifies you as being unable to work, you’ll have to serve a waiting period before you’ll start receiving a monthly benefit. The minimum waiting period is 30 days, but you can also choose 90 days, 180 days, 1 year or 2 years. The longer the waiting period, the lower the premium you pay^.

A benefit period – this is the maximum amount of time that the monthly benefit will be paid for. The shorter the benefit period, the cheaper the premium you pay^. You can choose from 2 years, 5 years or until age 65. Here are a few examples of how this works:

You’ve got a 2 year benefit period and you’re unable to work for 10 months: your monthly payments end once you go back to work (after 10 months)

You’ve got a 2 year benefit period and you’re unable to work for 3 years: your monthly payments end after 2 years (even though you can’t go back to work for another year).

You’ve got a benefit period till age 65, and you’re unable to ever work again: your monthly payments continue until you turn 65.

If you suffer an illness or injury while your policy is in place, you can lodge a claim. You’ll need a doctor to certify you as unable to work before you’ll be eligible for monthly payments. Your monthly benefit payment will continue until your doctor certifies you as being able to work again, or until your benefit period ends, whichever comes first.

When deciding on a cover amount, think about your personal circumstances and how reliant you are on your income. You may also want to think about your ongoing living expenses that still need to be covered, even if you're unable to work.

When you apply you’ll need to answer a series of questions about the state of your health - this process is called underwriting. If you have no major health issues you’ll normally be approved for cover immediately. However if you do have health issues your cover or your application might be declined.

It’s important that you answer these questions truthfully, otherwise any claim you may make in the future might be reduced or denied altogether. You don’t need to update us on changes to your health after you’ve taken out the policy, except if you want to increase your cover amount.

^Subject to terms and conditions