TAL Life Insurance
Compare TAL Life Insurance
Considering TAL 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-smoking, 30-year-old male in an professional occupation. To compare more advised life insurance products, please click here.
The inclusions mentioned represent a selection of what is covered at the time of writing. Additional terms and conditions may apply to different features. Additional fees may apply to the product. CANSTAR is not making any suggestion or recommendation to you about this product. Please ensure that you read the product disclosure statement (PDS) to determine all the current options and inclusions for the product you are considering.
How do I buy TAL life insurance?
You can get a quote for TAL life insurance by clicking on one of the TAL products in Canstar’s advised life insurance comparison pages:
You can buy TAL life insurance through your financial adviser, and if you have questions you can contact TAL via online chat or call 131 825 (open Mon-Fri) to speak with a TAL insurance specialist.
How much does TAL 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. The table above shows the usual premiums charged per year on a TAL life insurance policy for the specified profile.
You can compare TAL life insurance premiums for advised life insurance for your situation by clicking on the link below. Compare these fees to the average premiums for advised life insurance on our database.
How do I lodge a claim with TAL life insurance?
You or your beneficiaries can claim with TAL life insurance by contacting TAL on 1300 209 088 (open Mon-Fri) (if overseas, call +61 2 9996 8400). TAL may request that after phoning, you fill in an insurance claim form and return it together with medical certificates or other documentation it may ask for.
If your insurance claim is approved, TAL 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.
The event for which you are claiming must occur at a time while your Cover is current.
TAL Life Insurance FAQs
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.
That depends on whether you choose stepped premiums (which increase as you age) or level premiums (which do not have age-related increases) for your TAL life insurance policy.
Level premiums may still increase over time due to rate increases or policy fee increases. With TAL life insurance, you can elect for your premium to change along with Consumer Price Index (CPI) inflation.
For more information about stepped premiums versus level premiums, read this article.
At the time of writing, medical tests may not always be required to apply for TAL life insurance; however, depending on your sum insured, age and health conditions, a medical examination may be required.
With TAL life insurance, you have the option to increase or decrease your level of cover as your life stages change (e.g. marriage or divorce, having a child, children starting high school, becoming a full-time carer, etc.). TAL life insurance policies include Inflation Protection as standard, meaning that your cover amount increases by CPI inflation or 5% (whichever is greater) each year.
You should be able to change your level of cover by adding or removing features like TPD cover, 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 TAL on 1300 209 088 (open Mon-Fri) 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. Some conditions are covered automatically; others can be covered with a medical examination and paying a higher premium; other conditions are excluded.
When you apply, TAL will ask you some questions about any pre-existing conditions to find out whether or not you can be covered for these conditions. You have a legal duty to disclose (tell TAL about) any pre-existing medical conditions you have now or had in the past, as well as current medications and health issues.
You may have to undergo a medical examination and have your treating doctor disclose details of your medical history before you can be approved for cover.
TAL life insurance premiums are generally affected by a number of factors including health, age, gender and smoking status. A pre-existing medical condition may result in a higher premium.
Note that a waiting period may apply before you can make a claim regarding a pre-existing condition. Find out more about pre-existing conditions for life insurance here.
TAL was founded in 1869 and is now Australia’s leading specialist life insurance provider. It insures the lives and incomes of 3.7 million Australians as of 2017 and employs 1,600 staff members in its 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.
TAL supports the community in a number of ways. To help children from disadvantaged backgrounds, TAL is currently partnering with the Australian Business and Community Network to develop a mentoring program for TAL team members to mentor students as they prepare for their future careers.
As for our indigenous community, TAL partners with the Jawun not-for-profit organisation. TAL lends TAL team members to help build capacity for local government and local businesses run by indigenous Australians.
To help mental wellbeing in Australia, TAL and its super fund partners commit to donating $1 million every year to Superfriend, a national not-for-profit organisation. It also commits the time and expertise of TAL team members on Superfriend working groups.
TAL also works to protect the environment. Its latest sustainability report shows it has reduced its paper usage by more than 35% since 2008 in the pursuit of a paperless office environment. It is also working to decrease its carbon emissions and increase its recycling activities. It is an annual participant in Earth Hour.
TAL is a 2015 Employer of Choice for Gender Equality Citation by the Commonwealth Workplace Gender Equality Agency.
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: