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Life insurance features and optional benefits

Life insurance benefits & optional extras

  • Look after your family in the event of your death or terminal illness.
  • For policies available direct through Choosi, you can get a lump sum benefit of up to $1.5 million depending on your age, and other personal factors.
  • Optional extra cover available for increased family security.

Financial support for your family if the worst were to happen

For policies Choosi can arrange direct, you can get a lump sum payment of up to $1.5 million (depending on your age and the policy) in the event of a terminal illness diagnosis^ or your death, which can help your family manage financially and maintain their quality of life.

Amount of cover

Lump sum payment up to $1.5 million depending on your policy and your age.

Optional extras

Add additional cover options to your policy to help cover you for a range of other events for greater protection.

No medical tests

In most cases, no medical examination or blood test to apply.

24/7 protection

You are protected 24 hours a day, 7 days a week, worldwide while your policy is in place.

Tax-free pay out

In most cases when you are the policy owner, the benefit your family receives will be tax free.*

See more benefits

^ For most of the policies available direct through Choosi (depending on the policy) diagnosis of a terminal illness means where life expectancy is 12 months or less and cover is excluded for death or terminal illness as a result of a self-inflicted injury in the first 13 months.

* Please contact your accountant or a tax specialist to provide you with advice regarding your life insurance and taxes.

Extra cover, extra protection

For policies Choosi can arrange direct, extra optional cover can be taken out (an additional premium applies) with some life insurance policies for a range of events. Ensure you read the relevant PDS for the cover specifics for each policy.

Total and Permanent Disability Insurance (TPD)**

  • Can help you and your family manage the costs of treatment and rehabilitation. Benefit paid in full if you suffer a disability which leaves you permanently unable to work.
  • Lump-sum payment of up to $1 million (depending on age).
  • Eligibility between ages 18 and 60 and working at least 20 hours per week.
  • Cover may expire after you turn 65.

Serious Illness Insurance**

  • A lump sum benefit paid in the event of a covered defined serious illness.
  • Assists with paying extra expenses during a defined serious illness.
  • Lump-sum payment of up to $500,000 (or 50% of life insurance benefit amount).
  • Eligibility between ages 18 and 59.
  • Cover may expire after you turn 65.

Children's Insurance

  • Covers your child for death, diagnosis of a terminal illness or a specific and defined serious injury or illness.
  • Lump sum payment (up to $50,000) to help with funeral costs, medical expenses, or other family needs should the child pass away.
  • May be limited to be available for children who are Australian residents between 2 and 17 years of age. Waiting periods may apply.

** Payment of any Total & Permanent Disability or Serious Illness benefit (if applicable) will reduce the available death benefit.

This is general information only and does not take into account your personal objectives, financial situation or needs. You should consider the relevant PDS available on this website prior to purchasing any product. Choosi offers insurance products from a range of brands but does not compare all products available in the market.

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