ANZ Life Insurance
Compare ANZ Life Insurance
Considering ANZ Life Insurance? See our comparison table below for a snapshot of its current market offerings. Please note that this table has been formulated based on a non-smoker male in a professional occupation who is seeking cover. The results are sorted by estimated monthly premium (lowest to highest).
To compare other life insurance policies, please click here.
How much does ANZ Life Insurance cost?
The cost of your life insurance will vary depending on several different factors such as your age, occupation and choice of insurer. You can get a quote for ANZ Life Insurance by comparing direct life insurance on our website. Compare the quoted premiums to the average premiums for direct life insurance on our database.
Eligibility to apply for ANZ Life Insurance
All permanent Australian residents between the ages of 18-59 (inclusive) may apply for an ANZ Life Insurance policy. Upon application, you’ll be asked some simple questions about your health, lifestyle and family medical history to determine what level of cover ANZ is willing to offer to you.
How to apply for an ANZ Life Insurance policy
If you fit the eligibility criteria, you can apply for ANZ Life Insurance by clicking on an ANZ Life Insurance product in the Canstar direct life insurance comparison tables for your occupation and age, and confirming your choice of policy. You can apply for a quote by clicking on the link in our comparison tables. If you need help obtaining a quote, call ANZ on 13 16 14, or make use of the quick quote option on the ANZ website.
Yes; in fact, it’s encouraged that members manage their policy online, and ANZ has a dedicated online portal. By clicking here, you can access statements, update your policy, lodge a claim and make payments.
You or your beneficiaries can claim with ANZ Life Insurance by calling ANZ on 13 16 14 or visiting the claims portal on the ANZ website.
Before you submit a claim, you should have these details at hand:
- Your policy information
- Medicare records
- Medical history from the treating GP or specialists
- Death and/or birth certificate
If your insurance claim is approved, ANZ will arrange the payment of your benefit.
If your claim for an income protection benefit is approved, this will involve ongoing payments while you are eligible to continue receiving a benefit, rather than one lump sum payment.
Generally speaking, premiums for forms of life insurance such as term life insurance, TPD insurance or trauma insurance may not be tax deductible, according to ATO (Australian Taxation Office). Ask your tax accountant or financial adviser for more details on this.
The ATO however, states that you can claim the cost of premiums you pay that cover the loss of your income, such as income protection insurance. You can’t, however, claim a deduction for premiums that compensate you for physical injury or are taken out through your super fund. Ask your tax accountant or financial adviser for more details on this.
ANZ Life Insurance charges stepped premiums, which increase as you age.
When you apply for ANZ Life Insurance, your insurance premium is calculated based on your chosen benefits and level of cover, your age, your occupation, your gender, whether you smoke, your health, family history and whether you engage in hazardous activities. The cost of your policy is recalculated each year on your policy’s anniversary, so your premium may increase for your particular age bracket or your occupation category.
Premium rates are not guaranteed. For more information about stepped premiums versus level premiums, read this article.
At the time of writing, medical tests are not required to apply for ANZ Life Insurance; however, in the event of a claim, ANZ may require additional evidence or do a full review of your medical records.
Once you’ve applied for cover, ANZ will contact you if a medical examination is required throughout the claims process.
After buying an ANZ Life Insurance policy, you can apply to increase the amount of your cover at any time. The application to increase your cover will be subject to the same eligibility criteria.
You should be able to change your level of cover by adding or removing features or coverage, and by increasing or decreasing your sum insured for each type of cover included in your life insurance policy. If you wish to change your policy inclusions, contact ANZ on 13 16 14 to discuss your options.
Keep in mind that increasing your level of cover or adding your spouse or children to your policy is likely to result in a higher insurance premium.
It depends on the condition. When applying for ANZ Life Insurance, you must disclose (tell ANZ about) any pre-existing medical conditions you have now or had in the past, as well as current medications and health issues. Find out more about pre-existing conditions for life insurance here.
ANZ has a long history, founded in 1835 in London and Sydney as the Bank of Australasia and moving into Melbourne in 1838. As one of the Big Four Banks in Australia, ANZ is the largest banking group in the Pacific and New Zealand region, and is ranked among the top 50 banks in the world.
In ANZ’s recent #equalfuture campaign, promoting equal superannuation and pay for women, several child actors discuss their thoughts on the gender pay gap and why women should have as much super as men:
Source: ANZ Australia
Everyone can benefit from the Money Minded Monday series of handy hints videos on ANZ’s YouTube channel. These were created as part of ANZ’s free, online MoneyMinded education course, which has been used by more than 420,000 people as of 2016.
ANZ supports the community by focussing on Giving, Investing, Volunteering and Emergency Relief. ANZ funds worthy causes with community grants distributed through the ANZ Staff Foundation, ANZ New Zealand Staff Foundation and Seeds of Renewal in rural and regional Australia. When it comes to promoting gender equality in the community, ANZ’s ratio of 41.5% women in management positions is impressive compared to the national average of 37.4% in the 2016 Workplace Gender Equality Scorecard.
ANZ protects the environment through responsible business lending, climate change prevention, sustainable sourcing and educating its overseas corporate customers and partners about sustainable business practices. Sustainability highlights in 2016 included funding $2.5 billion in low carbon and sustainable energy solutions, 17% reduction in greenhouse gas emissions in Australia and reducing paper usage by 22% since 2013.
The table below shows some of our best life insurance options available for a non-smoking female aged 30-39 years old, who is working in a white collar occupation group such as a clerk or office administrator. This table is sorted by Star Rating (highest to lowest).
Compare the rest of your options when it comes to term life insurance using our website:
ANZ Life Insurance
Direct Life Insurance
30-39 years old2017 Star Ratings Report