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Compare Trauma Insurance Providers

Compare trauma (critical illness) insurance products across Australian insurers. Review covered conditions, partial benefit triggers, and reinstatement options.

Trauma insurance (also called critical illness cover) pays a tax-free lump sum if you are diagnosed with one of the listed serious conditions, such as cancer, heart attack, or stroke.

Unlike life insurance, the benefit is paid on diagnosis or specified medical event, not death. Funds are available immediately to cover treatment costs, take time off work without depleting savings, modify your home, or pay down debt while you recover. Trauma cover cannot be held inside superannuation under the SIS Act, so it sits outside super as a standalone or bundled retail policy.

Products differ in the number of conditions covered, the medical definitions used to trigger a claim, partial benefit thresholds for early-stage events, child cover options, and whether benefits reinstate after a claim. Some policies pay full benefits for early-stage cancers while others pay a percentage. Some pay automatic child trauma cover without an extra premium.

Premiums vary widely by age, smoker status, and the level of cover selected. This page lays out the major features side by side as a factual comparison, not a personalised recommendation.

General Advice Only

This is general advice only and does not take into account your individual circumstances.
Please read the Product Disclosure Statement (PDS) before making a decision.
Consider seeking personal advice from a licensed financial adviser.

Insure Me For Life is Authorised Representative Number 1244847 of Consilium Advice Australia Pty Ltd, Australian Financial Services Licence 246623.

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Common questions about trauma insurance

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Total and permanent disability cover — own-occupation vs any-occupation definitions.

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Monthly income replacement if illness or injury stops you working.

Compare business expenses cover

Keeps fixed business costs paid if you cannot work — for sole traders and owners.

Feature-by-feature comparison

How the panel insurers compare on the policy features that actually differentiate products. Drawn from the broker-facing PDS extractions. “See PDS” means we don't hold a documented value for that insurer, not that the insurer lacks the feature. The insurer's current Product Disclosure Statement is the authority in every case.

Feature	Acenda	AIA	ClearView	Encompass	Futura	NEOS	OnePath	TAL	Zurich
Trauma cover
Number of conditions covered Total count of medical conditions / events that can trigger a trauma claim.	See PDS	See PDS	42 Trauma Standard covers 42 trauma conditions; Trauma Severe Events covers 25 conditions	See PDS	See PDS	Over 40 Critical Illness Cover includes extensive list of conditions including heart, nervous system, body organ, blood and other conditions	Multiple conditions listed The document lists numerous trauma conditions including brain damage, burns, cancer, cardiac arrest, cardiomyopathy, coma, deafness, dementia, diabetes, encephalitis, head trauma, heart attack, HIV, kidney failure, loss of limbs/speech, lung disease, melanoma, meningitis, motor neurone disease, multiple sclerosis, muscular dystrophy, organ transplant, Parkinson's disease, stroke, and others with varying severity levels.	varies by plan type Standard and Premier plans cover different numbers of Critical Illness Events	See PDS
Partial benefit payments

Pays a partial benefit (typically 10–25%) for less-severe diagnoses such as early-stage cancers without reducing the full sum insured.

Extra benefits option – partial benefits available with Critical Illness Plus. Pays 20% partial benefit for additional Critical Conditions, subject to maximum partial benefit listed. Minimum partial benefit is $10,000. Critical Illness insurance reduced by amount of partial benefit payment.

Partial payments available for certain Crisis Events including Carcinoma in situ, Skin Cancer, Benign Brain or Spinal Cord Tumour, Coronary Artery Angioplasty, Loss of Use of Limbs and/or Sight, Severe Rheumatoid Arthritis

Partial benefits are available for less severe conditions. For example, early stage cancers, stage 1 or 2 conditions, and diagnosed conditions without permanent impairment may qualify for partial payments.

Partial trauma benefit (trauma plus only) pays 20% of trauma benefit for 13 covered conditions; max $100k except angioplasty max $20k per event; angioplasty can be claimed multiple times

Child Cover available for trauma conditions, terminal illness, and death; benefit amount $10,000 to $200,000 per child

Child Cover available for dependent children age 2-15

Trauma Cover Reinstatement Option reinstates benefit amount 6 or 12 months after claim (Standard only)

Critical Illness Cover Reinstatement Option available after claim

Trauma Cover Reinstatement Option available if full Trauma or TPD Cover amount paid. Reinstates full Trauma Cover amount. Offered 6-12 months after claim depending on condition. Certain conditions excluded from reinstated cover.

Critical Illness Reinstatement Option allows repurchase of Critical Illness cover after benefit paid; conditions and exclusions apply

Trauma reinstatement option reinstates trauma cover 12 months after full or partial trauma claim; only unrelated conditions covered after reinstatement

Critical Illness Buy Back Option available with Critical Illness Plus insurance. Allows restoration of Critical Illness insurance by same amount as benefit paid, without additional evidence of health. Can be restored 12 months after benefit is paid.

Life Cover Buy Back Option available where Trauma linked or flexi-linked to Life Cover

Life Cover Buy Back Option - reinstates Life Cover after TPD or Critical Illness claim

Life Cover Buy Back Option and Accelerated Life Cover Buy Back Option available when Critical Illness or TPD attached/linked to Life Cover

Life Cover Buy Back Option available for TPD and Trauma. Reinstates Life Cover up to amount of TPD/Trauma benefit paid. Available 12 months after TPD claim or 6-12 months after Trauma claim depending on condition.

Buy-back death option (trauma) reinstates death cover 12 months after trauma claim; Double trauma option reinstates death cover 14 days after trauma claim with premium waiver

14 days

If Crisis Extension is a rider to the Crisis Recovery Stand Alone benefit, you must survive for a period of 14 days from the date of diagnosis.

14 days

Must survive 14 days from date of diagnosis, injury, or treatment

14 days

Must survive 14 days after Critical Illness Event

8 days

Life insured must survive without life support for 8 days after diagnosis for Terminal Illness Benefit under Extra Care Cover. Also applies to Double TPD and Double Trauma options.

14 days

Applies when Critical Illness Insurance not Attached or Linked to Life Insurance

14 days

Applies to unlinked trauma cover and to child cover exceeding $200k

Built-in benefits
Premium Freeze Available Whether premium freeze exists	no	yes Available for Variable age-stepped premiums, minimum age 35	yes Premium Freeze Benefit available as built-in benefit at no extra cost	See PDS	See PDS	no	yes Available for Life Cover, TPD Cover and Trauma Cover with variable age-stepped premiums. Not available for Extra Care Cover, Child Cover, Cover under SuperLink arrangements or Cover with variable premiums.	yes Available if Variable Age-Stepped Premiums and Life Insured older than age 30; premium unchanged but Benefit Amount reduces yearly	no No premium freeze option mentioned, but premium waiver option available if life insured is totally disabled
Premium Freeze Option to freeze premiums at a certain age	See PDS	No Reduces Sum Insured to keep premium the same	See PDS	See PDS	See PDS	See PDS	No Premium fixed at level before policy anniversary; amount insured recalculated to amount purchasable by fixed premium. Can be activated by policy owner/life insured within 30 days of policy anniversary.	See PDS	See PDS
Future Insurability Option Ability to increase cover without medical evidence	No Increases without further Medical Evidence feature available for Life Cover, TPD and Critical Illness Plus insurances. Can apply to increase insurance without further medical evidence if specified personal or business events happen.	No Guaranteed Future Insurability and Salary Increase Benefit allow increases in cover without medical evidence under certain circumstances.	No Can increase cover in specified circumstances without medical information	No Available until policy anniversary after age 55 for specified personal or business events	See PDS	No Future Increase Benefit allows increases without medical evidence for specified life events	No Ability to increase Life, TPD, Trauma and/or Extra Care Cover amount insured without medical evidence upon specified personal, business or policy events. Maximum increase varies by event type, subject to conditions.	See PDS	No Can increase death, TPD or trauma cover without health assessment when certain life events happen (marriage, birth, salary increase, mortgage, etc.)
Guaranteed Renewability Policy cannot be cancelled by insurer	See PDS	No Policy cannot be cancelled by insurer except for non-payment of premiums or fraud	See PDS	See PDS	See PDS	No Guaranteed to renew each year until plan expires, provided premiums paid when due. Cannot be cancelled or have restrictions placed by insurer due to changes in health, occupation or pastimes.	No Policy continues each year despite changes in health, occupation or pastimes as long as premiums are paid	No Premium rates may change but policy cannot be singled out for cancellation	See PDS
Automatic Indexation Automatic annual increase in cover with CPI	No If Inflation Proofing applies to your insurance, then each year, on your Review Date, we'll automatically increase your sum insured to take inflation into account.	No Automatically increases Sum Insured at Policy Anniversary each year by the higher of CPI Increase and 5%	No Benefit amount automatically increased at each policy anniversary by CPI percentage increase	No Annual increase by greater of CPI or 3%	No Automatic annual increase by higher of 5% or CPI. Can be declined.	No Automatic annual increase by higher of 5% or CPI	See PDS	No Inflation Protection Benefit increases Insured Benefit Amount by Indexation Factor at each Policy anniversary unless opted out	No Cover automatically increased each year unless declined; increased by higher of 5% or CPI
Wellness Program Access to health and wellness benefits (e.g., AIA Vitality)	No Vivo Virtual Care - Get quick and easy access to confidential support from leading health and medical experts at any time. Offered to you and your family at no extra cost when you're insured by Acenda.	No AIA Vitality program available to eligible lives insured	No Health Rewards program provides initial premium discount; discount continues or reduces based on completing requirements on policy anniversaries	See PDS	See PDS	See PDS	See PDS	See PDS	See PDS

yes

Available for Variable age-stepped premiums, minimum age 35

yes

Premium Freeze Benefit available as built-in benefit at no extra cost

yes

Available for Life Cover, TPD Cover and Trauma Cover with variable age-stepped premiums. Not available for Extra Care Cover, Child Cover, Cover under SuperLink arrangements or Cover with variable premiums.

yes

Available if Variable Age-Stepped Premiums and Life Insured older than age 30; premium unchanged but Benefit Amount reduces yearly

No premium freeze option mentioned, but premium waiver option available if life insured is totally disabled

Reduces Sum Insured to keep premium the same

Premium fixed at level before policy anniversary; amount insured recalculated to amount purchasable by fixed premium. Can be activated by policy owner/life insured within 30 days of policy anniversary.

Increases without further Medical Evidence feature available for Life Cover, TPD and Critical Illness Plus insurances. Can apply to increase insurance without further medical evidence if specified personal or business events happen.

Guaranteed Future Insurability and Salary Increase Benefit allow increases in cover without medical evidence under certain circumstances.

Can increase cover in specified circumstances without medical information

Available until policy anniversary after age 55 for specified personal or business events

Future Increase Benefit allows increases without medical evidence for specified life events

Ability to increase Life, TPD, Trauma and/or Extra Care Cover amount insured without medical evidence upon specified personal, business or policy events. Maximum increase varies by event type, subject to conditions.

Can increase death, TPD or trauma cover without health assessment when certain life events happen (marriage, birth, salary increase, mortgage, etc.)

Policy cannot be cancelled by insurer except for non-payment of premiums or fraud

Guaranteed to renew each year until plan expires, provided premiums paid when due. Cannot be cancelled or have restrictions placed by insurer due to changes in health, occupation or pastimes.

Policy continues each year despite changes in health, occupation or pastimes as long as premiums are paid

Premium rates may change but policy cannot be singled out for cancellation

If Inflation Proofing applies to your insurance, then each year, on your Review Date, we'll automatically increase your sum insured to take inflation into account.

Automatically increases Sum Insured at Policy Anniversary each year by the higher of CPI Increase and 5%

Benefit amount automatically increased at each policy anniversary by CPI percentage increase

Annual increase by greater of CPI or 3%

Automatic annual increase by higher of 5% or CPI. Can be declined.

Automatic annual increase by higher of 5% or CPI

Inflation Protection Benefit increases Insured Benefit Amount by Indexation Factor at each Policy anniversary unless opted out

Cover automatically increased each year unless declined; increased by higher of 5% or CPI

Vivo Virtual Care - Get quick and easy access to confidential support from leading health and medical experts at any time. Offered to you and your family at no extra cost when you're insured by Acenda.

AIA Vitality program available to eligible lives insured

Health Rewards program provides initial premium discount; discount continues or reduces based on completing requirements on policy anniversaries

Policy changes
Increase Cover Without Medical Circumstances allowing cover increases without health checks	See PDS	yes Forward Underwriting allows you to increase your future cover if you experience specified Personal, Business or Other Events without having to provide additional information about your health. Business Safeguard Forward Underwriting allows you to increase your future cover if you experience specified Business Events without having to provide additional information about your health.	yes Future Increase Benefit allows increases in specified circumstances without medical information	See PDS	yes Future Increase Benefit allows increases without medical evidence after specified life events	See PDS	yes Available under Future Insurability for specified personal, business and policy events; Increasing Income feature for Income Secure (up to 15% annually); Increasing Expenses for Business Expense Cover; Business Guarantee Option for business insurance purposes.	See PDS	See PDS
Decrease Cover Ability to reduce cover amount	See PDS	No You can decrease the Sum Insured and/or Insured Monthly Benefit of an eligible benefit under the Policy at any premium due date providing the reduced Sum Insured, Insured Monthly Benefit or premium are not below the appropriate minimums in force at the time of the decrease.	No Must notify in writing to reduce cover level, remove option, or change to more restrictive option	No Can request to change sum insured subject to approval	No Sum insured can be reduced	No Can decline indexation increases within 30 days of plan anniversary	See PDS	No Option to reduce cover if premiums increase, subject to minimum premiums or sum insured	No Can make changes to policy including reductions; can reject or reduce inflation protection increases
Policy Conversion Options Convert to different policy type without medical evidence	See PDS	yes The benefits associated with certain covers held by you under a Superannuation Life Cover Plan issued to the trustee of the relevant fund can be replaced with Ordinary Life Cover Plan benefits, under a Policy issued to you, without providing any medical evidence, subject to those benefits being offered by us under an Ordinary Life Cover Plan at that time.	yes Continuation option allows replacement of cover from inside super to outside super without medical evidence	yes Can transfer cover between non-super and super policies	See PDS	yes Child Cover can be converted to Life Cover (with optional Critical Illness) without medical evidence when child turns 18 or 19	See PDS	yes Child's Critical Illness can convert to Life Insurance with Attached Critical Illness Insurance Standard Plan via Cover Continuation Benefit	yes Can apply to convert cover to a non-superannuation policy at any time while a member or within 30 days of leaving the Zurich Plan
Cancel Anytime Policy can be cancelled without penalty	No	No You or the trustee at your direction, as applicable, can cancel your Policy or individual benefits within the Policy at any time.	No Can cancel by notifying in writing or calling; cancellation effective from next premium instalment date	No	No Insurance cover can be cancelled by notice to the Administrator	No Policy can be cancelled by requesting cancellation	See PDS	No Policy can be cancelled at any time including due to premium increase	No Policy can be cancelled by notification, with end of cover at the end of the period premiums have been paid for
Cooling Off Period Period to cancel policy and receive full refund	30 days 30 days from the day on which your first Policy Schedule was issued	30 days Full refund of premiums if cancelled within cooling-off period	30 days Starts on the earlier of: the date you receive your policy, or five business days after your cover start date	30 days From the earlier of: the date you receive your policy schedule; or five business days after your policy commencement date	30 days From plan commencement date. Full refund if no claim made.	30 days 30 days from earlier of: date plan schedule received or 5 business days after plan commencement date	30 days Policy owner can cancel OneCare policy or any individual Cover within 30 days from the date Policy Schedule is issued	30 days Full refund unless claim made; refund subject to preservation rules if through superannuation	See PDS
Policy Ownership Transfer Ability to transfer policy ownership	See PDS	No If you purchased a non-superannuation Policy, you may transfer ownership of that Policy to another person or company provided that Policy does not include any Superannuation PLUS, Maximiser or Super Extras benefits.	See PDS	No Subject to relevant law including super law	No Plan ownership can be transferred to another person	See PDS	See PDS	See PDS	See PDS

yes

Forward Underwriting allows you to increase your future cover if you experience specified Personal, Business or Other Events without having to provide additional information about your health. Business Safeguard Forward Underwriting allows you to increase your future cover if you experience specified Business Events without having to provide additional information about your health.

yes

Future Increase Benefit allows increases in specified circumstances without medical information

yes

Future Increase Benefit allows increases without medical evidence after specified life events

yes

Available under Future Insurability for specified personal, business and policy events; Increasing Income feature for Income Secure (up to 15% annually); Increasing Expenses for Business Expense Cover; Business Guarantee Option for business insurance purposes.

You can decrease the Sum Insured and/or Insured Monthly Benefit of an eligible benefit under the Policy at any premium due date providing the reduced Sum Insured, Insured Monthly Benefit or premium are not below the appropriate minimums in force at the time of the decrease.

Must notify in writing to reduce cover level, remove option, or change to more restrictive option

Can request to change sum insured subject to approval

Sum insured can be reduced

Can decline indexation increases within 30 days of plan anniversary

Option to reduce cover if premiums increase, subject to minimum premiums or sum insured

Can make changes to policy including reductions; can reject or reduce inflation protection increases

yes

The benefits associated with certain covers held by you under a Superannuation Life Cover Plan issued to the trustee of the relevant fund can be replaced with Ordinary Life Cover Plan benefits, under a Policy issued to you, without providing any medical evidence, subject to those benefits being offered by us under an Ordinary Life Cover Plan at that time.

yes

Continuation option allows replacement of cover from inside super to outside super without medical evidence

yes

Can transfer cover between non-super and super policies

yes

Child Cover can be converted to Life Cover (with optional Critical Illness) without medical evidence when child turns 18 or 19

yes

Child's Critical Illness can convert to Life Insurance with Attached Critical Illness Insurance Standard Plan via Cover Continuation Benefit

yes

Can apply to convert cover to a non-superannuation policy at any time while a member or within 30 days of leaving the Zurich Plan

You or the trustee at your direction, as applicable, can cancel your Policy or individual benefits within the Policy at any time.

Can cancel by notifying in writing or calling; cancellation effective from next premium instalment date

Insurance cover can be cancelled by notice to the Administrator

Policy can be cancelled by requesting cancellation

Policy can be cancelled at any time including due to premium increase

Policy can be cancelled by notification, with end of cover at the end of the period premiums have been paid for

30 days

30 days from the day on which your first Policy Schedule was issued

30 days

Full refund of premiums if cancelled within cooling-off period

30 days

Starts on the earlier of: the date you receive your policy, or five business days after your cover start date

30 days

From the earlier of: the date you receive your policy schedule; or five business days after your policy commencement date

30 days

From plan commencement date. Full refund if no claim made.

30 days

30 days from earlier of: date plan schedule received or 5 business days after plan commencement date

30 days

Policy owner can cancel OneCare policy or any individual Cover within 30 days from the date Policy Schedule is issued

30 days

Full refund unless claim made; refund subject to preservation rules if through superannuation

If you purchased a non-superannuation Policy, you may transfer ownership of that Policy to another person or company provided that Policy does not include any Superannuation PLUS, Maximiser or Super Extras benefits.

Subject to relevant law including super law

Plan ownership can be transferred to another person

Premium structure
Premium Indexation How premiums are indexed	CPI or 3%, whichever is greater Indexation Benefit automatically increases sum insured annually by the greater of CPI increase or 3%. Can be declined by policy owner. Premium increases accordingly.	yes The policy fee will automatically increase each year effective from 1 October by the percentage increase in the CPI	yes Premiums indexed via Indexation Benefit (CPI-based benefit amount increases) and Health Rewards program	yes Sum insured increases by greater of CPI or 3%	See PDS	CPI Indexation Benefit automatically increases sum insured annually by higher of 5% or CPI percentage increase	CPI-based Premiums indexed based on CPI weighted average of eight capital cities, 12 month period ending 31 December, applied from 1 May following year. If CPI reduces, indexation factor is zero.	optional Inflation Protection Benefit automatically increases Benefit Amount on Policy anniversary by greater of 5% and Indexation Factor. Can be removed. Policy fee increased annually by greater of Indexation Factor or 3%.	yes Inflation protection increases cover annually by higher of 5% or CPI increase, can be declined
Payment Frequency Available payment frequencies (monthly, quarterly, annually)	See PDS	monthly, half-yearly, yearly Initial and subsequent premiums can be paid monthly, half-yearly or yearly by Mastercard, Visa Card, Diners Card and American Express or via Direct Debit from your financial institution.	monthly, annually Monthly or annual payment options available via various methods	See PDS	See PDS	Monthly or Annually 8% frequency loading applies to monthly payments	monthly, quarterly, annually Different payment frequencies available	monthly, half-yearly, quarterly, annually All premiums payable in advance	See PDS
Premium Holiday Ability to pause premiums temporarily	See PDS	See PDS	See PDS	See PDS	No Suspending Cover Benefit allows suspension for up to 12 months during financial hardship	No Can suspend cover for 3, 6, 9 or 12 months due to hardship, maximum 12 months over life of cover	No Premium and Cover Suspension available for Income Secure Cover for up to 6 months (maximum 24 months over life of policy). Premium Break available for Business Expense Cover for up to 12 consecutive months.	No Premium Pause Benefit allows temporary suspension of Income Protection premiums and cover for up to 12 months	See PDS
Premium Type Stepped or level premium structure	Stepped Variable age-stepped premium structure. Premiums recalculated each year based on age and premium rate at Review Date.	stepped, level, and optimum available Premium options include Variable age-stepped premium, Variable premium (level), and Optimum premium. Availability varies by cover type.	both available Variable age-stepped premium and variable premium available. Variable premium converts to variable age-stepped at policy anniversary after age 65	Variable age-stepped premium	See PDS	both available Variable age-stepped premium, Variable premium to age 65 (reverts to age-stepped after 65), Variable premium to age 70 (reverts to age-stepped after 70)	variable age-stepped or variable Stepped or level premium structure available	Variable Age-Stepped Premium or Variable Premium Two premium options available	Variable age-stepped or variable premiums Policy schedule shows whether premiums are variable age-stepped or variable
Multi-Policy Discount Discount for bundling multiple policies	See PDS	No Bundled discount and Lump Sum Bundled discount available for multiple policies meeting specified premium thresholds	See PDS	See PDS	See PDS	See PDS	See PDS	See PDS	See PDS
Direct Debit Discount Discount for setting up automatic payments	See PDS	No No direct debit discount explicitly mentioned in this excerpt	See PDS	See PDS	No 7% frequency loading applied for monthly payments (inverse discount for annual)	See PDS	See PDS	No Premium frequency discount may apply for half yearly and annually payments	See PDS

CPI or 3%, whichever is greater

Indexation Benefit automatically increases sum insured annually by the greater of CPI increase or 3%. Can be declined by policy owner. Premium increases accordingly.

yes

The policy fee will automatically increase each year effective from 1 October by the percentage increase in the CPI

yes

Premiums indexed via Indexation Benefit (CPI-based benefit amount increases) and Health Rewards program

yes

Sum insured increases by greater of CPI or 3%

CPI

Indexation Benefit automatically increases sum insured annually by higher of 5% or CPI percentage increase

CPI-based

Premiums indexed based on CPI weighted average of eight capital cities, 12 month period ending 31 December, applied from 1 May following year. If CPI reduces, indexation factor is zero.

optional

Inflation Protection Benefit automatically increases Benefit Amount on Policy anniversary by greater of 5% and Indexation Factor. Can be removed. Policy fee increased annually by greater of Indexation Factor or 3%.

yes

Inflation protection increases cover annually by higher of 5% or CPI increase, can be declined

monthly, half-yearly, yearly

Initial and subsequent premiums can be paid monthly, half-yearly or yearly by Mastercard, Visa Card, Diners Card and American Express or via Direct Debit from your financial institution.

monthly, annually

Monthly or annual payment options available via various methods

Monthly or Annually

8% frequency loading applies to monthly payments

monthly, quarterly, annually

Different payment frequencies available

monthly, half-yearly, quarterly, annually

All premiums payable in advance

Suspending Cover Benefit allows suspension for up to 12 months during financial hardship

Can suspend cover for 3, 6, 9 or 12 months due to hardship, maximum 12 months over life of cover

Premium and Cover Suspension available for Income Secure Cover for up to 6 months (maximum 24 months over life of policy). Premium Break available for Business Expense Cover for up to 12 consecutive months.

Premium Pause Benefit allows temporary suspension of Income Protection premiums and cover for up to 12 months

Stepped

Variable age-stepped premium structure. Premiums recalculated each year based on age and premium rate at Review Date.

stepped, level, and optimum available

Premium options include Variable age-stepped premium, Variable premium (level), and Optimum premium. Availability varies by cover type.

both available

Variable age-stepped premium and variable premium available. Variable premium converts to variable age-stepped at policy anniversary after age 65

Variable age-stepped premium

both available

Variable age-stepped premium, Variable premium to age 65 (reverts to age-stepped after 65), Variable premium to age 70 (reverts to age-stepped after 70)

variable age-stepped or variable

Stepped or level premium structure available

Variable Age-Stepped Premium or Variable Premium

Two premium options available

Variable age-stepped or variable premiums

Policy schedule shows whether premiums are variable age-stepped or variable

Bundled discount and Lump Sum Bundled discount available for multiple policies meeting specified premium thresholds

No direct debit discount explicitly mentioned in this excerpt

7% frequency loading applied for monthly payments (inverse discount for annual)

Premium frequency discount may apply for half yearly and annually payments

General
Insurance Company Name of the insurance provider	Nippon Life Insurance Australia and New Zealand Limited, trading as Acenda ABN 90 000 000 402, AFSL 230694	AIA Australia Limited ABN 79 004 837 861, AFSL 230043	ClearView Life Assurance Limited ABN 12 000 021 581, AFSL 227682	Nippon Life Insurance Australia and New Zealand Limited Trading as Acenda	NobleOak Life Limited ABN 85 087 648 708, AFSL 247 302	NobleOak Life Limited ABN 85 087 648 708 AFSL 247 302	Zurich Australia Limited Trading as OnePath Life, ABN 92 000 010 195, AFSL 232510	TAL Life Limited ABN 70 050 109 450, AFSL 237848	Zurich Australia Limited ABN 92 000 010 195, AFSL 232510
Product Name Name of the insurance product	Acenda Insurance and Acenda Insurance (Super)	See PDS	See PDS	Encompass Protection	Futura Protection	NEOS Protection	See PDS	Accelerated Protection	Zurich Wealth Protection
Company Size Market position and scale of operations	Member of Nippon Life Group Nippon Life Insurance Australia and New Zealand Limited ABN 90 000 000 402 AFSL 230694, member of the Nippon Life Group	See PDS	ASX listed, $359 million in-force premiums, 80,000+ policyholders Listed on Australian Securities Exchange with $359 million of in-force premiums as at 31 December 2023, protecting over 80,000 policyholders with 100% Australian-based operations	See PDS	See PDS	APRA regulated life insurer NobleOak Life Limited ABN 85 087 648 708, AFSL 247 302, regulated by Australian Prudential Regulation Authority	Over 150 years heritage, part of Zurich Insurance Group, serves more than two million customers, employs more than 56,000 people worldwide, operates in over 210 markets OnePath is a leading life insurance brand with heritage of over 150 years. Part of Zurich Insurance Group, one of Australia's largest life insurers	TAL Group paid over $4.2 billion in claims to over 50,128 customers between 1 April 2023 and 31 March 2024 Claims statistics based on total claims paid under TAL Life Limited and TAL Life Insurance Services Limited insurance products	ABN 92 000 010 195, AFSL 232510 Zurich Australia Limited with Australian Business Number and Financial Services License
Annual Claims Paid Total dollar value of claims paid annually	See PDS	$2.6 billion Total claims paid in 2024 across Retail, Group and Direct insurance policy claims	$127 million Over $127 million paid in claims to 1,032 claimants in FY23 (12 months to June 2023)	See PDS	See PDS	See PDS	See PDS	$4.2 billion Total claims paid by TAL Group between 1 April 2023 and 31 March 2024 to over 50,128 customers and their families	See PDS

Nippon Life Insurance Australia and New Zealand Limited, trading as Acenda

ABN 90 000 000 402, AFSL 230694

AIA Australia Limited

ABN 79 004 837 861, AFSL 230043

ClearView Life Assurance Limited

ABN 12 000 021 581, AFSL 227682

Nippon Life Insurance Australia and New Zealand Limited

Trading as Acenda

NobleOak Life Limited

ABN 85 087 648 708, AFSL 247 302

NobleOak Life Limited

ABN 85 087 648 708 AFSL 247 302

Zurich Australia Limited

Trading as OnePath Life, ABN 92 000 010 195, AFSL 232510

TAL Life Limited

ABN 70 050 109 450, AFSL 237848

Zurich Australia Limited

ABN 92 000 010 195, AFSL 232510

Acenda Insurance and Acenda Insurance (Super)

Encompass Protection

Accelerated Protection

Zurich Wealth Protection

Member of Nippon Life Group

Nippon Life Insurance Australia and New Zealand Limited ABN 90 000 000 402 AFSL 230694, member of the Nippon Life Group

ASX listed, $359 million in-force premiums, 80,000+ policyholders

Listed on Australian Securities Exchange with $359 million of in-force premiums as at 31 December 2023, protecting over 80,000 policyholders with 100% Australian-based operations

APRA regulated life insurer

NobleOak Life Limited ABN 85 087 648 708, AFSL 247 302, regulated by Australian Prudential Regulation Authority

Over 150 years heritage, part of Zurich Insurance Group, serves more than two million customers, employs more than 56,000 people worldwide, operates in over 210 markets

OnePath is a leading life insurance brand with heritage of over 150 years. Part of Zurich Insurance Group, one of Australia's largest life insurers

TAL Group paid over $4.2 billion in claims to over 50,128 customers between 1 April 2023 and 31 March 2024

Claims statistics based on total claims paid under TAL Life Limited and TAL Life Insurance Services Limited insurance products

ABN 92 000 010 195, AFSL 232510

Zurich Australia Limited with Australian Business Number and Financial Services License

$2.6 billion

Total claims paid in 2024 across Retail, Group and Direct insurance policy claims

$127 million

Over $127 million paid in claims to 1,032 claimants in FY23 (12 months to June 2023)

$4.2 billion

Total claims paid by TAL Group between 1 April 2023 and 31 March 2024 to over 50,128 customers and their families

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