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A Major Illness plan can help you look after your family while you recover.

Read the FAQs

Honest Answers

Major Illness insurance is all about peace of mind. It’s designed to aid your financial recovery by providing you with a lump sum payment when you need it most.

Others may call it “fine print” but at InsuranceLine we think it’s important to be upfront and honest with you. So here are some important things you might want to know about the Major Illness Plan.

If there’s anything else you’d like to know about the Plan, please call us on 13 77 87 and we’ll be happy to answer your questions. Our Product Disclosure Statement, which you should consider, provides more details. Please refer to our General Advice Statement.

Note: For any Product Disclosure Statements (PDSs) previously issued by TOWER Australia Limited, from 1st June 2011, any reference to TOWER Australia Limited is to be replaced by TAL Life Limited.

Q: What is and isn't covered?

A: This is explained in the policy insured by TAL Life Limited ABN 70 050 109 450 AFSL 237848.

Once you’re accepted for the Major Illness Plan you’ll be covered for death, terminal illness and the following 6 major conditions:

Cancer
Heart Attack
Stroke
Coronary Artery By-pass Surgery
Paralysis
Permanent Incapacity

These conditions are defined in the policy. Please call us on 13 77 87 for a copy of the policy document which contains a full definition of each condition, as well as a definition of terminal illness.

To keep our premiums as low as possible and provide you with the best value, you are not covered for:

Intentional self inflicted injury which results in one of the six major conditions listed above
Terminal illness or death if it results from suicide or intentional self-inflicted injury within the first 13 months after cover starts
Cancer, heart attacks, strokes or coronary artery by-pass surgery, that occurs or is diagnosed (or the circumstances leading to the diagnosis become apparent) within 90 days after cover starts

Q: What happens if I leave out information on the application?

A: It’s extremely important for your peace of mind to provide all the information we ask for at the time of your application. If you don’t provide information honestly and accurately, it’s possible that your policy will not be valid and any claim you make will be denied. Obviously, the extra stress this would place on you and your family would be enormous, so make sure you’re entirely honest in your application.

When a claim is made, TAL will usually request a complete medical history, which can include details of any illnesses or treatments you may have had before taking out the policy.

Q: When does my cover end?

A: As long as your premiums are paid when due, your cover will continue right up until the Plan’s anniversary after you turn 69. Your policy will end on that date with no further cover provided.

Q: Will my premiums ever go up?

A: It is important to note that the underlying premium rates are not guaranteed. However, you will never be singled out individually for a premium rate increase, and any increase will only apply to all policyholders using the same table of rates. You will be given at least 30 days' notice of this.

As you’d expect, your premiums will go up as you get older and if you increase the amount of your cover. This also applies if you have ‘Inflation Protection’ on your policy, where your cover goes up each year according to the change in the Consumer Price Index (CPI) or 5%, whichever is greater.

Q: If I cancel my policy, will I get anything back?

A: If you cancel within 30 days after receipt of your policy you will get a refund of any premiums paid. However the Major Illness Plan is not a savings plan and has no cash value, so if you cancel after the first 30 days you won’t get any premiums back.

If you’d like more information, please don’t hesitate to call or ask us to send you an information pack.

Major illness plan is easy as - one phone call can help secure your future should you suffer a major illness. You can apply over the phone in minutes; there are no complicated forms and generally no medicals. Just call 13 77 87 or apply online for a major ilness insurance. Easy as.

Major Illness Plan from
$2.95 a week
(That's less than a cuppa!)