ANZ Life Insurance - Australia

Help protect your family, whatever the future holds

An important step in securing your family’s future is to ensure they could cope financially if the main income earner suddenly passed away.

ANZ Life Insurance is an easy and convenient way for you to help financially protect your loved ones from whatever the future may hold. You can apply online now to obtain life cover and start protecting your loved ones immediately.

Your ANZ Life Insurance includes:

Extensive cover – you can take advantage of Life cover up to $2,250,000 depending on your age, gross annual income and other life insurance held at the time of application^*.
Affordable premiums – you have a choice of cover to suit your circumstances and budget.
Immediate life cover – you’ll be covered immediately if your application is accepted.
Benefits where they’re needed – be comfortable knowing that your money goes directly to your loved ones by nominating up to five beneficiaries to receive the Life Benefit, including the primary beneficiary who will receive the $15,000 Advance Assistance Benefit.
Choice of payment frequency – premiums can be paid fortnightly, monthly or annually.
Save with combined cover – combine your policy with your partner’s cover for a premium discount plus the peace of mind of knowing you’re both covered.
Quick and easy application process – you can apply over the phone or online when it suits you, with no medical tests required.
Protection that grows with you – to keep up with inflation, your cover amounts will increase each year^**.
Extra cover on top of your super – if you have life insurance cover with your superannuation it may be lower than you expect and may not be enough to cover your family’s needs.
Optional Critical Illness Benefit - additional financial protection against the result of critical illnesses and injuries like cancer, heart attack or paralysis.
Qantas Frequent Flyer points – you can start earning one point for every $1 of premium paid on eligible ANZ life insurance^{^}. Plus, if you are not already a Qantas Frequent Flyer member, for a limited time eligible policyholders can receive complimentary membership (saving you $82.50)^{^^}.

ANZ Life Insurance could suit you
If you’re between 18 and 59 and an Australian or New Zealand citizen or hold an Australian Permanent Residency visa, and residing in Australia at the time of applying and receive the PDS in Australia - you’re eligible to apply.

Get an ANZ Life Insurance quote online today.

If you’re not sure what level of life cover you need, make an appointment to see an ANZ Financial Planner. They can assist you in choosing the right cover for your circumstances.

^* The maximum Life Benefit available is $2,250,000 for persons aged 18-44; $1,250,000 for persons aged 45-54; and $500,000 for persons aged 55-59. The maximum Critical Illness Benefit will equal 50% of the chosen Life Benefit.

^** Up to the maximum sum insured level for the age you were at the policy acceptance date. As your sum insured amount increases, your premium will also increase. Refer to the ‘Indexation’ section of the PDS for further details.

^ANZ life insurance products are issued by OnePath Life Limited (OnePath) ABN 33 009 657 176, AFSL 238341. You must be a Qantas Frequent Flyer member and correctly register your Qantas Frequent Flyer membership details with OnePath to start earning Qantas Frequent Flyer points on eligible premiums you pay. Points are only earned on premiums you pay after OnePath has received your Qantas Frequent Flyer membership details. Points are earned in accordance with and are subject to the OnePath and Qantas Frequent Flyer Rewards Terms and Conditions (PDF 128kB). Membership and points are subject to Qantas Frequent Flyer program terms and conditions. Qantas does not endorse, is not responsible for and does not provide any advice, opinion or recommendation about these life insurance products or the information provided in this communication.

^^Complimentary join fee waiver offered by OnePath. This complimentary offer may be withdrawn at any time.

Select your level of ANZ Life Insurance

We understand that everyone’s at different stages in life. That’s why we’ve designed different levels of cover. Choose an ANZ Life Insurance Policy that suits you.

Product features	What this means to you
Life Benefit	Choose your level of cover – from $50,000 through to $2,250,000. The maximum allowable level of cover for the Life Benefit is based on a life insured's age, gross annual income and other life insurance held at the time of application: ages 18-44 can apply for up to $2,250,000 ages 45-54 can apply for up to $1,250,000 ages 55-59 can apply for up to $500,000.
Optional Critical Illness Benefit Cover	For an additional premium, you can nominate any amount from $25,000 up to 50% of your Life Benefit sum insured as an optional Critical Illness Benefit. This amount will be paid if you are diagnosed with one of eight specified conditions and meet the relevant qualifying period. Note: The Life Benefit sum insured will be reduced by the amount of any Critical Illness Benefit paid. If the Critical Illness Benefit is paid, the premium payable for your policy will be recalculated based on the reduced sum insured for your continuing Life Benefit. See the ANZ Life Insurance Product Disclosure Statement and Policy (PDS) for more details.

Product features

What this means to you

Life Benefit

Choose your level of cover – from $50,000 through to $2,250,000. The maximum allowable level of cover for the Life Benefit is based on a life insured's age, gross annual income and other life insurance held at the time of application:

ages 18-44 can apply for up to $2,250,000
ages 45-54 can apply for up to $1,250,000
ages 55-59 can apply for up to $500,000.

Optional Critical Illness Benefit Cover

For an additional premium, you can nominate any amount from $25,000 up to 50% of your Life Benefit sum insured as an optional Critical Illness Benefit. This amount will be paid if you are diagnosed with one of eight specified conditions and meet the relevant qualifying period.

Note: The Life Benefit sum insured will be reduced by the amount of any Critical Illness Benefit paid. If the Critical Illness Benefit is paid, the premium payable for your policy will be recalculated based on the reduced sum insured for your continuing Life Benefit. See the ANZ Life Insurance Product Disclosure Statement and Policy (PDS) for more details.

How much is ANZ Life Insurance?

Premiums vary depending on factors including your age, gender and smoking status. Here are some examples of how much it might cost:

35 year old male, non-smoker with $250,000 of cover costs $19.37 per month
40 year old female, smoker with $200,000 of cover costs $24.37 per month.

Get an ANZ Life Insurance quote online today.

Making a claim under your ANZ Life Insurance is simple just:

call 13 16 14
write to ANZ Life Insurance, PO Box 4028 or 12/347 Kent St, NSW, 2000
send a fax to 02 9234 5015
email DIclaims@onepath.com.au

OnePath Life will send you the claims forms you’ll need to fill in and return.

Documentation required for a claim

If you or your family need to make a claim, you will need supporting documentation for the event being claimed. For a claim for terminal illness or the Critical Illness Benefit, your condition must be diagnosed and certified by a medical practitioner approved by the insurer. In the event of death, documentation will need to include an Australian death certificate stating the cause of death, or other evidence of the cause of death as required by the insurer. If death was caused by an accident, the full Coroner's report will be required. It is also possible that medical reports and Medicare records may be required to properly assess the claim.

These frequently asked questions provide useful information about ANZ Life insurance, including information about cost, quotes and premiums.

Why do I need life insurance?
If you're the main income earner in the family, life insurance can help provide a stable financial future for your loved ones if you pass away. Life insurance can help your family manage major household expenses, such as the mortgage bills and education costs, plus any unforeseen expenses.

Can my spouse / partner be covered, too?
Yes, when you apply for ANZ Life Insurance you can also apply for cover for your spouse/partner as a second life insured. You will remain the policy owner and principal life insured on the policy.

Can I add my spouse at a later date?
No, however if you wish for your partner to be covered they can call back later and apply for a separate policy. Unfortunately, neither you nor your partner will receive the combined cover discount if your partner is covered under a separate policy.

Can I nominate a beneficiary to receive my benefits?
Yes. You as the policy owner can nominate up to five beneficiaries, including the primary beneficiary, to receive the Life Benefit payable in the event of your death. The primary beneficiary will also be eligible to receive the Advance Assistance Benefit of $15,000 payable in the event of your death. See the ‘Nominating a beneficiary’ section of the ANZ Life Insurance Product Disclosure Statement and Policy for more details.

Can I nominate a beneficiary to receive my benefits?

Yes. You as the policy owner can nominate up to five beneficiaries, including the primary beneficiary, to receive the Life Benefit payable in the event of your death. The primary beneficiary will also be eligible to receive the Advance Assistance Benefit of $15,000 payable in the event of your death.

See the ‘Nominating a beneficiary’ section of the ANZ Life Insurance Product Disclosure Statement and Policy for more details.

Can I change my beneficiaries?
Yes, you can change any details about your beneficiaries at any time by contacting us on 13 16 14.

Who is the insurer?
ANZ Life Insurance is issued by OnePath Life Limited – a registered life insurance company holding Australian Financial Services License Number: 238341 – it is a wholly owned subsidiary of ANZ.

How much insurance do I need?
ANZ Life Insurance lets you choose how much cover you would like depending on your age and circumstances. Whatever level of life insurance cover you choose, your amount of cover is guaranteed to never decrease. If you require financial advice in determining your life insurance needs or require a higher level of cover than is available under ANZ Life Insurance, make an appointment to see to an ANZ Financial Planner.

How much insurance do I need?

ANZ Life Insurance lets you choose how much cover you would like depending on your age and circumstances. Whatever level of life insurance cover you choose, your amount of cover is guaranteed to never decrease. If you require financial advice in determining your life insurance needs or require a higher level of cover than is available under ANZ Life Insurance, make an appointment to see to an ANZ Financial Planner.

Do I have to take any medicals or blood tests?
There are absolutely no blood tests or medicals to take however, we do ask some occupation, health and pastime questions.

Are there qualifying periods?
Yes. If you take out the optional Critical Illness Benefit, the following specified conditions are subject to a qualifying period of 90 days after your policy commences, is reinstated or increased (in respect of the increase): Cancer Coronary artery by-pass surgery Heart attack Stroke. There is no Critical Illness Benefit cover and no benefit will be payable if the above condition(s) first occur, are first diagnosed, or the symptoms leading to the condition(s) first become reasonably apparent during the qualifying period.

Are there qualifying periods?

Yes.

If you take out the optional Critical Illness Benefit, the following specified conditions are subject to a qualifying period of 90 days after your policy commences, is reinstated or increased (in respect of the increase):

Cancer
Coronary artery by-pass surgery
Heart attack
Stroke.

There is no Critical Illness Benefit cover and no benefit will be payable if the above condition(s) first occur, are first diagnosed, or the symptoms leading to the condition(s) first become reasonably apparent during the qualifying period.

What if I change my mind?
You can cancel your policy at any time by contacting us on 13 16 14. If you cancel within the 21 day cooling-off period, and no claims have been made, you will receive a full refund of any premiums paid. If you cancel your policy after the cooling-off period, fortnightly and monthly premiums will not be refunded. You will receive a pro rata refund where premiums are paid annually and if you cancel the policy before the next annual payment is due.

What if I change my mind?

You can cancel your policy at any time by contacting us on 13 16 14. If you cancel within the 21 day cooling-off period, and no claims have been made, you will receive a full refund of any premiums paid.

If you cancel your policy after the cooling-off period, fortnightly and monthly premiums will not be refunded. You will receive a pro rata refund where premiums are paid annually and if you cancel the policy before the next annual payment is due.

Are there any exclusions?
Yes there are, these include any claim arising from: suicide within the first 13 months of the policy acceptance date, reinstatement date or cover increase date your intentional or deliberate act or omission war, hostilities, civil commotion or insurrection travel to a country currently subject to a Department of Foreign Affairs and Trade ‘Do not travel’ warning you contracting HIV or AIDS.

Are there any exclusions?

Yes there are, these include any claim arising from:

suicide within the first 13 months of the policy acceptance date, reinstatement date or cover increase date
your intentional or deliberate act or omission
war, hostilities, civil commotion or insurrection
travel to a country currently subject to a Department of Foreign Affairs and Trade ‘Do not travel’ warning
you contracting HIV or AIDS.

What is a Product Disclosure Statement and Policy (PDS)?
The PDS is a document which summarises the important information you should know about ANZ Life Insurance, and is designed to assist you in deciding whether or not to purchase or keep your existing life insurance. You should read the ANZ Life Insurance PDS and consider whether this product is right for you.

Are my premiums tax deductible?
No, generally premiums for this type of policy are not tax deductible. You should seek professional taxation advice as to your own taxation position.

How are premiums calculated?
The premium you pay depends on the cover level you select, your age, gender, smoker status and your answers to health and lifestyle questions. In general terms, the healthier you are, the lower your premiums will be.

How can premiums be paid?
You can pay your premiums either on a fortnightly, monthly or annual basis. If you pay annually, a discount will apply. The discount will be included in the calculation of your annual premium amount as shown in your premium quote.

Can I cancel my cover at any time?
Yes, you can cancel your policy at any time. Keep the cover for only as long as you need it. If you cancel your policy within the 21 day cooling off period, and no claims have been made, you'll receive a full refund of all premiums paid. To cancel, simply notify us by phone, fax or in writing.

How secure is buying insurance online?
Latest technologies are used to ensure your details are kept confidential and secure.When you obtain a quote online you can tell if the connection between the servers and your computer is 'secure' if your browser displays a small closed lock () in the status bar at the bottom of the screen. You can also apply at this stage.

ANZ Life Insurance is issued by OnePath Life Limited (OnePath Life) (ABN 33 009 657, 176 AFSL 238341). OnePath Life is a wholly-owned subsidiary of Australia and New Zealand Banking Group Limited (ANZ) (ABN 11 005 357 522, AFSL 234527) an authorised deposit-taking institution (Bank) under the Banking Act 1959 (Cth). OnePath Life is the issuer of the product but it is not a Bank. Except as set out in the issuer’s contract terms (including the PDS), this product is not a deposit or other liability of ANZ or its related group companies. None of them stands behind or guarantees the issuer. The information provided is of a general nature and does not take into account your personal needs and financial circumstances. You should consider the appropriateness of the information, having regard to your objectives, financial situation and needs. You should read the ANZ Life Insurance Product Disclosure Statement and Policy (PDF 212kB) and ANZ Financial Service Guide (PDF 136kB) and consider whether this product is right for you.

This information is current at June 2011 and is subject to change.

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