Bupa Life Insurance

Bupa is a provider of life insurance, health insurance, car insurance, travel insurance, home and contents insurance, pet insurance and other investment products.

Compare Bupa Life Insurance policies

Considering Bupa Life Insurance? See our comparison table below for a snapshot of its current market offerings. Please Bupa Logo Smallnote 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.

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How much does Bupa 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 Bupa 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.

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Eligibility to apply for Bupa Life Insurance

All permanent Australian residents may apply for a Bupa Life insurance policy, although your age will be a major factor of your eligibility. Upon application, you’ll also be asked some simple questions about your health, lifestyle and family medical history to determine what level of cover Bupa is willing to offer to you.

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How to apply for a Bupa Life Insurance policy

If you fit the eligibility criteria, you can apply for Bupa Life Insurance by clicking on a Bupa 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 Bupa on 134 135, or get a quote on the Bupa website.

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Bupa FAQs

Yes; in fact, it’s encouraged that members manage their policy online, and Bupa 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 Bupa Life Insurance by calling Bupa on 134 135 or visiting its claims portal on the Bupa website.

Before you submit a claim, you must have these details at hand:

  • Your policy information
  • Information about the incident (date, time, place)
  • Original birth and death certificate if the incident was fatal
  • Medical reports, test/examination/laboratory results
  • What damage occurred during the incident
  • What other people, vehicles or property were involved in the incident

If your insurance claim is approved, Bupa 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.

It depends on whether you buy a policy through Bupa or your financial adviser, or if you only have life insurance included through your super fund.

The situation may be different for income protection insurance. The insurance premiums for income protection will be generally tax deductible if you buy it directly from an insurance company or through your financial adviser, but not tax deductible if you buy income protection through your super fund. Ask your tax accountant or financial adviser for details.

Generally speaking, premiums for other forms of life insurance such as term life insurance, TPD insurance or trauma insurance may not be tax deductible. Ask your tax accountant or financial adviser for details.

Bupa Life Insurance charges stepped premiums, which increase as you age.

When you apply for Bupa 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 Bupa Life Insurance; however, in the event of a claim, Bupa may require additional evidence or do a full review of your medical records.

Once you’ve applied for cover, Bupa will contact you if a medical examination is required throughout the claims process.

After buying a Bupa Life Insurance policy, you can apply to increase the amount of your cover at any time. Your 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 Bupa on 134 135 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 mean you pay a higher insurance premium.

It depends on the condition. When applying for Bupa Life Insurance, you must disclose (tell Bupa 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.

Bupa was founded in the UK, and it established itself in the 1930s in Australia to help people cover the cost of their hospital treatment. It was formed by three main health providers: HBA, MBF and Mutual Community. Today, Bupa is present in over 190 countries.

Existing members of Bupa receive a 10% discount off Bupa car insurance. Other benefits from Bupa car insurance include your choice of repairer and the fact that Bupa settles 99% of claims at the time of writing.

Bupa supports the community with the Bupa Health Foundation, established in 2005. This foundation has invested over $26 million in national initiatives for well-being, chronic disease, healthy ageing and affordable health care.

Source: Bupa Australia

Bupa also works to protect our environment. Since 2014, Bupa have invested more than $17 million in renewable energy, technical energy upgrades and employee engagement projects towards its environmental sustainability goals. Bupa was recognised as the 2015 ABA100 Winner in the Australian Business Awards (ABA) for Sustainability for its carbon reduction measures.

Bupa Life Insurance

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Rating:
Award: Outstanding Value Life Insurance

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Written by: Regina Collins | Last updated: