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Life insurance

The unexpected happens. People fall sick, become injured or pass away – sometimes without warning. While you can’t predict what tomorrow will bring, you can help protect your financial future and loved ones by taking out life insurance.

Mother looking at her kids on couch 

Cover types

Different types of life insurance offer different benefits so it’s important to take the time to choose what’s right for you. You may also need more than one type of life cover depending on your situation.

Life insurance

ANZ Life Insurance can pay up to $2 milliondisclaimer so your loved ones can pay off the mortgage, clear debts, create a financial safety net and manage expenses such as school fees.

  • Paid in a lump sum
  • Life Cover from $50,000 and up to $2 million
  • Early access for diagnosis of terminal illnessdisclaimer

Critical illness insurance

ANZ Recover Well can pay up to $1 million for eight serious illnesses or injuries including cancer (excluding less advanced cases) and heart attack (diagnosed)disclaimerdisclaimer.

You can use the payout to help clear debt, cover medical costs and household bills while you focus on recovering.

  • Paid in a lump sum
  • Up to $1 million
  • Covers 8 serious illnesses and conditionsdisclaimer
  • Partial payments cover a further 5 conditionsdisclaimer

Make a claim

We know making a life insurance claim can be upsetting and comes at an extremely stressful time, so we’ve made the process as easy as possible. Email us anytime at DIclaims@onepath.com.au or call our local claim centre on 13 16 14 from 9am – 5pm (AEST). We’re here when you need us most.


Want more information on making a claim? Read our articles below:

How critical illness insurance claims work

Why life insurers do - and don't - pay claims

Life insurance FAQs

Need to make a claim now?

Make sure to have your policy number handy. You can call us on weekdays between 9am – 5pm (AEST).
 

Call 13 16 14


Tools and support

Fact sheets

Want to learn more? Our key facts sheets provide a great summary about what’s covered.

For a complete statement of the cover offered, exclusions, conditions and limits that apply under the policy, you should carefully read the Product Disclosure Statement and all policy documentation.

ANZ Life Insurance Product Disclosure Statement (PDF 196kB)

ANZ Recover Well Product Disclosure Statement (PDF 148kB)

Your insurance on the ANZ App

If you’re an existing ANZ customer, you can add your insurance policies to the ANZ App (only available on iPhone, iPad and Apple watch), so you’ve got your banking, super and insurance in one place.

Don’t have the app yet? Download on iOS now.

Contact us

If you have any questions, we're happy to help. We are available to chat weekdays 9am - 5pm (AEST).


Learn more about life insurance

Article

Life insurance FAQs

Get the basics covered. Find out the cost of life insurance, the benefits, whether you need a medical exam, and more.

  

Article

What are the different types of life insurance?

Learn about the types of life insurance, including critical illness insurance, income protection insurance, and more.

  

Article

The benefits of life insurance

Thinking about life insurance? See the benefits and understand how your loved ones can avoid financial difficulty in times of need.

  

Article

Does my insurance cover me for redundancy?

Some policies include cover for involuntary redundancy. Understand your options, who can be insured, cover amounts, and more.

  

This information was published on 23 June 2020 and is subject to change.

ANZ Life Insurance is issued by OnePath Life Limited (OnePath Life) (ABN 33 009 657 176, AFSL 238 341). We recommend that you read the ANZ Financial Services Guide (PDF 479kB)ANZ Life Insurance Product Disclosure Statement and Policy Document (PDF 145kB) (available online or by calling 13 16 14) before deciding whether to acquire, or to continue to hold, this product. This PDS relates to policies issued from 1 June 2019. Previous products (with the same name) may have different features and benefits. If you hold insurance based on an earlier PDS, please contact us if you have any questions or to have a PDS sent to you.

ANZ Recover Well is issued by OnePath Life Limited (OnePath Life) (ABN 33 009 657 176, AFSL 238 341). We recommend that you read the ANZ Financial Services Guide (PDF 479kB) and ANZ Recover Well Product Disclosure Statement and Policy Document (PDF 132kB) (available online or by calling 13 16 14) before deciding whether to  acquire, or continue to hold, this product. This PDS relates to policies issued from 1 June 2019. Previous products (with the same name) may have different features and benefits. If you hold insurance based on an earlier PDS, please contact us if you have any questions or to have a PDS sent to you.

ANZ Home Insurance is issued by QBE Insurance (Australia) Limited (ABN 78 003 191 035, AFSL 239 545) (QBE). ANZ recommends that you read the ANZ Financial Services Guide (PDF 479kB), ANZ Home Building Key Facts Sheet (PDF 133kB)ANZ Home Contents Key Facts Sheet (PDF 134kB) and the ANZ Home Insurance Product Disclosure Statement (PDF 1.3MB) (available by calling 13 16 14), before deciding whether to acquire, or to continue to hold, these products.

ANZ Financial Planners are representatives of ANZ, the holder of Australian Financial Services Licence number 234 527.

OnePath Life has adopted the Life Insurance Code of Practice (the Code), which contains minimum standards of service that customers can expect from insurers. The Code can be found at www.fsc.org.au.

Australia and New Zealand Banking Group Limited (ANZ) (ABN 11 005 357 522, AFSL 234 527 is an authorised deposit taking institution (Bank) under the Banking Act 1959 (Cth). The issuers of these products are not Banks. Although ANZ distributes these products and except as described in the relevant PDS, ANZ does not stand behind or guarantee the issuers or the products.

This information is of a general nature and has been prepared without taking account of your personal objectives, financial situation or needs. Before acting on the information, you should consider whether the information is appropriate for you having regard to your objectives, financial situation and needs.. 

The ANZ App is provided by ANZ.  Super, Shares and Insurance (if available) are not provided by ANZ but entities which are not banks. ANZ does not guarantee them. ANZ recommends that you read the ANZ App Terms and Conditions available at anz.com and consider if this service is appropriate to you prior to making a decision to acquire or use the ANZ App.

Apple, the Apple logo, iPhone and iPad are trademarks of Apple Inc., registered in the U.S. and other countries. App Store is a service mark of Apple Inc.

You need Adobe Reader to view PDF files. You can download Adobe Reader free of charge.

 

The amount of cover you can apply for depends on your age and gross annual income at the time you apply for cover. To determine whether to accept your application for cover, we may ask you some health, occupation and lifestyle questions. The number of questions we ask you may vary depending on the level of cover you select.

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If you’re diagnosed with a terminal illness and have less than 12 months to live, you can choose to get your full Life Cover amount immediately.

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These 8 covered illnesses or injuries include:

  • Burns (severe)
  • Cancer (excluding less advanced cases)*
  • Coronary artery by-pass surgery*
  • Heart attack (diagnosed)*
  • Kidney failure (end stage)
  • Loss or paralysis of limb (permanent)
  • Multiple sclerosis (diagnosed)*
  • Stroke (diagnosed)*

*A 90 day qualifying period applies.

For full definitions of the above conditions, see the ‘Glossary of Important Terms’ section of the  ANZ Recover Well Product Disclosure Statement and Policy (PDF 148kB).

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The 5 covered medical conditions or injuries include:

  • Angioplasty*
  • Burns (of limited extent)
  • Carcinoma in situ (of limited sites)*
  • Diabetes mellitus adult, insulin dependent diagnosed after age 30*
  • Endometriosis (severe requiring surgical intervention)*

*A 90 day qualifying period applies

For full definitions of the above conditions, see the ‘Glossary of Important Terms’ section of the ANZ Recover Well Product Disclosure Statement and Policy (PDF 148kB).

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