Qantas Life Insurance

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Qantas may be best known as Australia’s largest airline, but it’s also a provider of a range of financial products such as life insurance, health insurance, income protection insurance and travel insurance.

Compare Qantas Life Insurance

Considering Qantas Life Insurance? See our table below for a snapshot of its current products. Please note that this table has been formulated based on a male non-smoker aged 30-39 in a blue-collar occupation (e.g. trades person). The results are sorted by star rating (highest to lowest). Check upfront with your provider and read the PDS to confirm the details of a particular policy, and whether it meets your needs, before deciding to commit to it.

To compare more life insurance policies, please click here.

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How much does Qantas Life Insurance cost?

Qantas says the cost of its life insurance policies depend on factors including your age and gender, the type of and amount of cover included, and whether or not you smoke. Qantas also takes your occupation, health, income and personal pastimes into account.

You can get a quote for Qantas Life Insurance by comparing direct life insurance with Canstar.

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Eligibility to apply for Qantas Life Insurance

According to Qantas, Australian citizens and Australian permanent residents between the ages of 18 – 74 (inclusive) may apply for a Qantas Life Insurance policy. Level premiums (where the policy cost does not increase as you get older) are only available to applicants aged 18 to 59.

Upon application, you may also be asked some simple questions about your health, lifestyle and family medical history to determine what level of cover Qantas is willing to offer to you and how much it could cost you.

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How to apply for a Qantas Life Insurance policy

Before taking out a life insurance policy, it may be beneficial to first compare various providers to help ensure you’re applying for a policy that suits your needs.

If you fit the eligibility criteria, you can apply for Qantas Life Insurance by clicking on a Qantas life insurance product in Canstar’s comparison tables, after you have entered your occupation, age, gender and whether or not you are a smoker.

You can also apply direct through Qantas.

Compare Life Insurance with Canstar

Qantas Life Insurance FAQs

Yes, Qantas encourages members to manage their policy online through a dedicated portal.

You or your beneficiaries can claim with Qantas by calling a Claims Manager on 13 49 60.

Before you submit a claim, you may need to have certain details on hand, such as:

  • Your policy information
  • Information about the incident, if applicable (date, time, place)
  • Original birth certificate and death certificate if the claim relates to somebody’s death
  • Medical reports, test/examination/laboratory results, if applicable

If your insurance claim is approved, Qantas will arrange the payment of your benefit to your nominated beneficiary.

Generally speaking, premiums for forms of life insurance such as term life insurance, total and permanent disability (TPD) insurance or trauma insurance may not be tax deductible, according to the Australian Taxation Office (ATO). Ask your tax accountant or financial adviser for more details on this.

Qantas Life Insurance gives you the choice of stepped premiums or level premiums. Stepped premiums increase as you age while level premiums generally do not increase as you get older. As your insurance risk typically increases with age, after you turn 64 Qantas will change your level premiums to stepped premiums.

When you apply for Qantas Life Insurance, your insurance premium is calculated based on factors such as 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.

According to Qantas, 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.

At the time of writing, medical tests are not required to apply for Qantas Life Insurance. However, in the event of a claim, Qantas may require additional evidence or do a full review of your medical records.

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

After buying a Qantas 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 that Qantas uses to assess your eligibility for the product initially.

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 Qantas on 13 49 60 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 you having to pay a higher insurance premium.

This may depend on the condition and policy you decide to take out. When applying for Qantas Life Insurance, you must disclose (tell Qantas about) any pre-existing medical conditions you have now or had in the past, as well as current medications and health issues.

Founded in outback Queensland in 1920, Qantas has grown into Australia’s biggest domestic and international airline, as well as a provider of various insurance products. Qantas Life Insurance is underwritten by TAL.

Written by: Tamika Seeto | Last updated: November 19, 2018