Real Life Insurance

Real Insurance is a provider of life insurance, home & contents insurance, car insurance, personal insurance, travel insurance and pet insurance.

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Considering Real 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.

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How much does Real 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 Real Insurance’s Family Life Cover product 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 Real Life Insurance

All permanent Australian residents may apply for a Real Insurance’s Family Life Cover policy. Upon application, you’ll also be asked some simple questions about your health, lifestyle and family medical history to determine what level of cover Real Insurance is willing to offer to you.

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How to apply for a Real Life Insurance policy

If you fit the eligibility criteria, you can apply for Real Life Insurance by clicking on a Real 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 Real Insurance on 1300 377 325, or get a quote on the Real Insurance website.

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Real Insurance FAQs

Yes, Real Insurance has an online portal where customers can update their payment and contact details online.

You or your beneficiaries can claim with Real Insurance by calling 1300 307 297 or emailing

Before you submit a claim, you may need to have some these details on 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, Real Insurance 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.

Real Insurance charges stepped premiums, which increase as you age.

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

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

After buying a Real 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 Real Insurance on 1300 377 325 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 and policy you decide to take out. When applying for Real Life Insurance, you must disclose (tell Real Insurance 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.

Starting back in 2005, Real Insurance was introduced as an alternative to large money-making insurers. It entered the market in the hope that it could protect the quality of people’s lives at a reasonable price.

Real Insurance strives to deliver innovative insurance products that meet the unique needs of Australians and offer ground-breaking ways of helping its members save money.

Written by: Regina Collins | Last updated: