TAL Life Insurance

Written by: TJ Ryan

TAL is a specialist provider of life insurance, as well as superannuation funds, and investment products.

TAL life insurance logo“We’re dedicated to making life insurance easy.”

Policy Options: What TAL life insurance covers

The inclusions below represent a selection of what is covered. Additional conditions may apply to different features. CANSTAR is not making any suggestion or recommendation to you about this product.  Please ensure that you read the product disclosure statement to determine all the current policy options and inclusions for the product you are considering.

Life Insurance Policy

  • Available direct through TAL’s InsuranceLine website.
  • Financial protection for your loved ones if you die or become terminally ill.
  • Covers from $100,000 up to $1.5 million, renewable until age 99.
  • Basic Life Cover covers up to $250,000 only, and generally excludes pre-existing medical conditions (see the terms and conditions for further information).
  • Paid in a lump sum.
  • Advance payment up to $10,000 available if on approved claims to help with legal costs and other unexpected costs.
  • Pay your premium annually to get your 12th month free.
  • Family discount: Add another adult to your policy and the youngest person will receive a 5% discount.
  • Higher Cover discount: Get a 10% discount off your premium for Life Cover between $200,000 and $400,000, and a 15% discount on cover over $400,001. Does not apply to Basic Life Cover.
  • Use TAL Life’s CoverBuilder to custom-build the right life insurance policy for your needs.
  • Optional cover: Major Illness Cover protects your finances if you suffer a life-threatening sickness such as cancer, stroke, heart attack or accidental injuries.
  • Optional cover: Cancer Cover protects your finances if you suffer a life-threatening cancer.
  • Optional cover: Serious Injury Cover protects your finances if you have a serious accidental injury.

Accidental Death Policy

  • Provides for your family if you die as the result of an accident.
  • Covers from $100,000 up to $400,000, renewable until age 70.
  • Includes free, user-friendly Will Kit to create your own stress-free will.
  • Pay your premium annually to get your 12th month free.
  • At time of writing, when you Cover more than one adult, each adult receives a 10% discount off their Insurance Policy premium. This 10% discount is applicable to the total premium of the joint life Policy.

Total and Permanent Disablement Policy

  • Benefit from a payment if you become totally and permanently disabled and are therefore unable to work.

Income Protection Policy

  • Provides you with a replacement income stream if you cannot work due to serious illness or injury.
  • Covers up to 85% of your income, up to $7,500/month (Time Saver) or $10,000/month (Rate Saver), for a benefit period of 6 months up to 2 years (Time Saver) or up to 5 years (Rate Saver).
  • Pay your premium annually to get your 12th month free.
  • Family discount: Add another adult to your policy and receive a 5% joint policy discount.
  • Optional cover: Involuntary Unemployment Cover covers up to 85% of your income up to $3,000/month if you become involuntarily unemployed due to a redundancy or if your business becomes insolvent.
  • Optional cover: Permanent Disability Cover adds up to $500,000 cover in case sickness or injury leaves you permanently disabled and unable to perform your daily activities.
  • Optional cover: Holiday Injury Benefit provides a one-off payment of up to $3,000 if you’re injured during state school and public holidays, or if you’re injured more than 200km from home.
  • Optional cover: Kids Injury Cover provides up to $50,000 in payments for a range of common childhood injuries.
  • Optional cover: Homemaker Cover – if you add your partner to your policy and they become unable to complete their usual household duties due to sickness or injury, you receive up to $3,000/month to cover the costs of getting professional domestic help.

Critical Illness Policy

  • Benefit from a payment if you become critically ill with one of the most common critical conditions.
  • Available as optional cover under Life Insurance policy.

Business Expenses Policy

  • Pays certain business expenses to keep your business running while you can’t work due to sickness or injury.
  • Available as optional cover under Life Insurance policy.

About TAL

TAL was founded in 1869 and is now Australia’s leading specialist life insurance provider. They insure the lives and incomes of 2.5 million Australians, and provide an income for the 1,400 employees in their offices across Australia.

TAL provides direct life insurance through InsuranceLine, and has been a joint winner of CANSTAR’s prestigious award for Outstanding Value Life Insurance in 2013, 2014, and 2015. TAL is owned by the Dai-ichi Life Insurance Company, one of the world’s largest life insurance providers.

TAL has created a quick and fun Infographic Quiz that you can take online to see how your attitudes towards life, risk, and life insurance compare to the rest of Australia.

As a partner of the 2014 MoneySmart Week, TAL created The Imaginarium, an amazing social experiment. Passers-by were interviewed about what was most important to them in life now and for the future, while hidden artists created beautiful images to represent these values and dreams. This experiment helped everyday Aussies to see the monetary value of the future they imagined, and many who had never considered income protection insurance before began to think seriously about it. You can view the artists’ depictions of people’s dreams on TAL’s Facebook page.

How TAL supports the community

  • Community sponsorship: TAL’s A Gift For Life program sponsors vital community partners including Assistance Dogs Australia, the annual Mother’s Day Classic fun run for breast cancer research, MoneySmart Week, and the Paralympic Workplace Diversity Program.
  • Australian art and culture: TAL and Dai-ichi Life together bought the Derby Collection of 745 unique botanical artworks of many now-extinct Australian flora and fauna, preserving this collection for future generations.

How TAL supports the environment

  • TAL has reduced their paper usage by more than 35% since 2008, as well as decreasing carbon emissions and increasing recycling.
  • TAL offices have been recognised as a Fair Trade Community, using exclusively Fair Trade certified products.
  • Annual participant in Earth Hour.
  • Read TAL’s 2014 Sustainability Report to find out more of the ways they are protecting the environment.

Compare Life Cover Available Directly From The Provider

Compare Life Cover Available From An Advisor

Compare Income Protection Cover

Compare Trauma And Major Illness Cover

Compare Total And Permanent Disability (TPD) Cover