Insuranceline Life Insurance

PROTECT YOUR FAMILY YOUR WAY

Every family is unique. So, you should be able to customise your life insurance to match. That’s why at InsuranceLine we’re all about doing things your way. You can choose to add Optional Illness and Injury Cover, which can provide access to part of your life insurance benefit in the event of major illness, serious injury or cancer.

Benefits at a Glance


  • Tax-free payout to your family from $100,000 up to $1.5 million.
  • Basic Life Cover with a maximum coverage amount of $750,000 is available for those unable to obtain Life Cover due to their health, lifestyle and/or occupation.
  • Apply online or over the phone in minutes. No medical tests needed. Includes a 30 day money back guarantee.
  • Advance payout of $10,000 on approved claims to help with legal and other unexpected costs.
  • Enjoy 12 months for the price of 11 when you choose to pay your premiums annually.
  • Straightforward claims process - An experienced Claims Manager will make the process as stress free as possible if you or your family needs to make a claim.
  • Family Discounts – Add another adult to your policy and the youngest person will receive a 5% discount.
  • Higher Cover Discount – Get a 10% discount on Life Cover between $200,000 and $400,000 plus a 15% discount on the premium for cover over $400,001. Does not apply to Basic Life Cover.

Optional Illness & Injury Cover


  • Major Illness Cover - Protects you from temporary setback due to life threatening sickness such as cancer, stroke, heart attack or accidental injuries. See the Combined PDS/FSG for details on exclusions and conditions covered.
  • Cancer Cover - Designed to help protect you from temporary setback due to life-threatening cancer. Cancer Cover can help make sure you and your family are taken care of financially, leaving you to focus on your recovery. See the Combined PDS/FSG for details on exclusions and conditions covered.
  • Serious Injury Cover - Protects you from temporary setback due to serious accidental injury. See the Combined PDS/FSG for details on exclusions and conditions covered.

Exclusions & Restrictions


  • Life Cover (Underwritten) - Suicide or intentional self-injury: Suicide and intentional self-injury are excluded in the first 13 months from the Cover Commencement Date, reinstatement or any increase in Cover you apply for. In some cases additional exclusions may apply. These are based on medical history, occupation and lifestyle. See the combined PDS/FSG for full details of exclusions.
  • Basic Life Cover - Suicide and intentional self-injury are excluded for the first 5 years from the Cover Commencement Date, reinstatement or any increase in Cover you apply for. Pre-Existing Medical Conditions unless it can be proved to our satisfaction that you have been continuously Free of the Condition for the five years following the Cover Commencement Date, reinstatement or any increase in Cover you apply for. Terminal Illness or death which is the direct or indirect result of a Dangerous Occupation or Pastime, a Known Genetic Condition or the Life Insured or Policy Owner's participation in criminal activity. See the combined PDS/FSG for full details of exclusions.

Want to know more about this product?

Download our Combined Product Disclosure Statement (PDS) & Financial Services Guide (FSG).

  • Common Questions

    Here you can find answers to the most common questions we're asked about Life Insurance.

    For anything else, call us on 13 77 87 or refer to the Life Insurance Combined Product Disclosure Statement (PDS) and Financial Services Guide (FSG).

    • What's covered and what's not?

      Our underwritten Life Cover covers you for death and the diagnosis of terminal illnesses with a life expectancy of less than 12 months . This does not include suicide or intentional self-injury in the first 13 months. 

      Some causes of death may be excluded from your individual policy depending on your occupation, health and lifestyle or other special circumstances. When you apply we’ll clearly explain any exclusions. 

      If you have a Basic Life Cover policy you are covered for death and the diagnosis of a terminal illness with a life expectancy of less than 12 months. You are not covered for: 

      - Pre-Existing Medical Conditions unless it can be proved to our satisfaction that you have been Free of the Condition for the five years following the Cover Commencement Date, reinstatement or an increase in Cover you apply for.  

      - Suicide and Intentional self- injury during the first five years following the Cover Commencement Date, reinstatement or any increase in Cover you apply for. 

      - A Dangerous Occupation or Dangerous Pastime at any time following the Cover Commencement Date, 

      - Participation in any criminal activity at any time

      - A Known Genetic Condition.

      For more info about your options if you have a pre-existing medical conditions, work in a dangerous occupation and/participate in dangerous pastimes click here.

      You should read the Combined Product Disclosure Statement and Financial Services Guide for all the details of what is and isn't covered.

    • What happens if I leave out information when I apply?

      It's very important to give us all the information we request when you apply for Life Insurance, and to answer all of our questions honestly and completely. If there’s a claim, we’ll need to check your medical records – and if it turns out you didn’t reveal something important, we may have to refuse the claim.

    • Will my premiums go up?

      We work hard to give everyone great value cover – it’s at the heart of everything we do. Unfortunately, the cost of providing Life Insurance does increase as you get older. This means your premiums generally increase over time. To help, if anything does change, we’ll always give you at least 30 days’ notice so you can decide what you’d like to do. Adding another person to your policy or increasing your cover amount will also cause your premiums to go up. If you choose our Inflation Protection option, your cover amount will grow over time, protecting the value of your payout against inflation. This means your premiums also rise slightly from year to year in line with your increased benefit amount.

    • If I cancel my policy, will I get a refund?

      When you take out Life Insurance from InsuranceLine, we give you a 30 day money back guarantee - so if you cancel your Life Insurance policy in the first 30 days from when you receive your policy documentation we’ll give you a complete refund. After that, there are no refunds.

    • How does Optional Illness and Injury Cover work?

      If eligible, you can choose up to 95% of your life insurance cover amount to a maximum of $250,000 across the following: Major Illness Cover, Cancer Cover and Serious Injury Cover. This cover provides a lump sum payment that draws down on your main life insurance cover, to assist with medical and out-of-pocket expenses while you’re recovering from certain sicknesses or injuries. Later, your family can access your remaining life insurance cover in the event of your passing. Learn more >

      Want to know more about our Life Insurance? Get a quote and apply online or call 13 77 87 today.

    • Who will my family deal with during a claim?

      Your family will be given a dedicated Claims Manager whose details will be on the accompanying cover letter that we’ll send in the event of a claim. They’ll personally oversee the case and help your family work through the details of the claim.

      Your dedicated Claims Manager will explain anything that is not covered or talk through any concerns your family may have.

      Want to know more about our Life Insurance? Get a quote and apply online or call 13 77 87 today.

  • How does it work?

    Life Insurance pays a lump sum amount of money if:

    • the insured person dies; or
    • is diagnosed with a terminal illness and is given a life expectancy of less than 12 months.

    If you add our Optional Illness and Injury Cover to your policy you will also be able to draw down on your main life insurance cover amount, to assist with medical and out-of-pocket expenses while you’re recovering from certain sicknesses or injuries. Later, your family can access your remaining life insurance cover in the event of your passing. It can help you in life and your family in death. Learn more >

    Where you have nominated a beneficiary, the death benefit will be paid to the person you nominate. If you don’t nominate a beneficiary, we will pay the benefit to your estate.

    If a claim is made, as soon as it is approved we’ll make a $10,000 advance payout to help your family through a difficult time.

    Want to know more about our Life Insurance Plan? Get a quote & apply online or call 13 77 87 today.

  • Is it for me?

    Our Your Way policy allows you to get protection your way. You can nominate beneficiaries, add optional extras, choose your cover amount and even the way you pay: fortnightly, monthly or annually. 

    It’s your policy. Design it your way.

    If your family relies on your income, Life Insurance can help make sure your family’s home and lifestyle are secure if something was to happen to you. 

    In the event of your passing, Life Insurance can also help your family take care of the cost of childcare, cleaning and other household expenses.

    InsuranceLine offers Life Insurance to Australian residents aged 18 to 65.

    Our Basic Life Cover is a great option for people who are unable to obtain underwritten Life Cover because of their health, lifestyle or occupation. Learn more >

    Want to know more about our Life Insurance Plan? Get a quote and apply online or call 13 77 87 today.

  • How much can I get?

    Most people want enough Life Insurance to pay off any debts, secure the family home, and allow their family to live in comfort for at least a few years. If you have young children, a large mortgage, or school fees to take care of, you might want to choose a higher cover amount.

    You can apply for Life Insurance with a cover amount from $100,000 to $1.5 million. In some cases, a cover limit of $750,000 applies to those who don’t want to answer medical questions, or those who have certain pre-existing medical conditions, dangerous occupations and/or dangerous pastimes. Learn more > 

    Want to know more about our Life Insurance? Get a quote and apply online or call 13 77 87 today.

Would you like to receive detailed information about Life Insurance?

Request an information package today and have it delivered to your home.

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