MLC Life Insurance
Acenda Insurance
Acenda is committed to providing the care, confidence, and support to help customers live abundant, empowered lives.
For over 135 years, Acenda has been helping to protect what customers have worked for and value most – their futures, and those of their loved ones – through access to innovative and flexible insurance solutions. It’s a responsibility Acenda will never take for granted as they help customers build resilience and optimism through better ways of living well, providing authentic care and support when difficult times need to become new beginnings.
In 2016, Nippon Life Group acquired 80% of Acenda. Now, Nippon Life Group is further strengthening its commitment to the Australian life insurance market with a 100% ownership of Acenda. As a member of the Nippon Life Group, Acenda combines worldwide knowledge with extensive understanding of everyday Australians’ life insurance needs.
Information on this page was last updated on 26/09/2025 and is subject to change by the product issuer. While Choosi makes best endeavours to ensure the accuracy of this information, we recommend that you always consider the most up-to-date information on a product you are interested in, which will be available on each brand’s own website.
Life Cover
- Life Cover Benefit – a one-off payment if you die.
- One-off payment if you’re diagnosed with a Terminal Illness – you won’t have to return the Terminal Illness Benefit if you survive the 24-month period.
- Specific Accidental Injury Benefit – receive 100% of your Life Cover benefit, up to $2 million. Payment is only made for specific losses resulting from an accident.
- Advance Death Benefit – if you die and your Life Cover insurance is $20,000 or more, Acenda will pay an initial one-off Advance Death Benefit payment of $20,000.
- Financial Planning Benefit.
- Premium flexibility.
- Optional extras at an additional cost:
- Business Safeguard Option.
- Terminal Illness Support insurance.
- Premium Waiver insurance.
- TPD and Critical Illness extensions.
Total and Permanent Disability Insurance
- Total and Permanent Disability Benefit – a one-off payment if you suffer a total and permanent disability.
- Partial Payment Benefit – if you lose one hand, one foot or sight in one eye (available outside super only).
- Optional TPD Severity cover.
- Financial Planning Benefit.
- Death Benefit – of $5,000 if you die within 14 days of suffering a total and permanent disability (TPD insurance stand-alone only).
- Optional extras at an additional cost:
- 14-day Life Cover Buy Back Option (extension to Life Cover or Critical Illness only).
- Double TPD insurance.
- 12-month Life Cover Buy Back Option.
- Business Safeguard Option.
- Premium Waiver insurance.
Critical Illness Insurance
- Two types of Critical Illness insurance available – Critical Illness Standard and Critical Illness Plus.
- Critical Illness Benefit.
- Financial Planning Benefit.
- Child Support Benefit – a $10,000 benefit the first time your child suffers a specified critical condition or if your child dies, available with cover of $100,000 or more, with Critical Illness Plus.
- Death Benefit with Critical Illness Plus.
- Optional extras at an additional cost:
- 12-month Life Cover Buy Back.
- Premium Waiver insurance.
- Double Critical Illness insurance.
- Business Safeguard Option.
- Critical Illness Buy Back.
- Extra Benefits option – Partial Benefits.