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Type 1 Diabetes Cost in Australia

Lifetime risk: 1 in 300 general population Australians will be diagnosed with Type 1 Diabetes

Cost Breakdown

Lifetime Out-of-Pocket Cost
$97,240
Treatment Costs
  • Annual management1,220-2,340
  • Lifetime cost (no complications)$143,000

Source: Zurich Cost of Care Volume 2. Costs are averages and may vary based on individual circumstances.

Risk Statistics

Lifetime Risk
1 in 300 general population
Current Cases in Australia
200k
Key Statistics
  • Complications: Leading cause of blindness in working-age adults, major cause of kidney failure and dialysis, increases heart attack/stroke risk 4x, major cause of limb amputations
  • First Degree Relative Risk: 1 in 20

Source: Zurich Cost of Care Volume 2. Statistics represent Australian population averages.

Financial Impact

Type 1 diabetes requires lifelong management. Average lifetime cost is $97,240. There is no cure for T1 diabetes, requiring lifelong treatment costs. An estimated 500,000 Australians are unaware they have diabetes.

Recovery Period
Lifelong chronic condition
Average Days Off Work
18 days/year

Insurance Coverage Considerations

Income Protection

Standard Priority

People with Type 1 Diabetes take an average of 18 days off work per year. Income Protection provides 70% income replacement during recovery and treatment periods.

Important: The information above is based on average costs and factual data. It does not take into account your individual circumstances, needs, or financial situation.

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This is general advice only and does not take into account your individual circumstances, needs, or financial situation. You should consider the appropriateness of this general advice before acting on it. Please read the Product Disclosure Statement (PDS) before making a decision. Consider seeking personal advice from a licensed financial adviser. AR: 1244847 | AFSL: 246623

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Related Diabetes Conditions

Type 2 Diabetes

Annual cost: $1k/year

Risk: 1 in 3 with high risk factors

Important Information

Cost estimates are from Zurich Cost of Care Volume 2 research and represent averages. Your actual costs may vary.

Insurance coverage recommendations are general in nature. This is general advice only and does not take into account your individual circumstances. Speak with a licensed adviser to determine appropriate coverage for your situation.

AR: 1244847 | AFSL: 246623

Source: Zurich Cost of Care Volume 2 (Released June 2024)