Real Insurance
Real Insurance
Real Insurance entered the market in 2005 when it ventured into protecting the quality of Australian lives with heart. And because there’s no such thing as the average person, it hit the ground running with innovative ways to customise cover to suit anyone’s needs and budget.
Real Insurance offers award-winning insurance products that are designed to provide peace of mind, with the added benefit of customer service that’s caring and exceeds expectation. A simple claims process and the backing of your policy by the third largest insurer in the world means you can rest easy knowing the life you’ve worked hard to build is protected.
Insurance products
Real Life Insurance
- Choose cover from $100,000 up to $2 million depending on age, and underwriting outcome, which is paid as a lump-sum cash payment to your beneficiaries when you pass away or are diagnosed with a terminal illness¹
- Benefit from The Real Reward™: Real Insurance will give you back 10% of premiums you’ve paid after your 12-month policy anniversary
- Choose from a range of optional benefits such as Children’s Insurance, Serious Illness Insurance and Total and Permanent Disability Insurance for greater protection and tailored cover (depending on your underwriting outcome)
Real Life Cover for SMSF
- Choose cover from $100,000 up to $2 million (depending on your age)
- Pay your life insurance premiums from your SMSF (instead of your post-tax income)
- Continuous cover for life, as long as your premiums are paid, and you remain a member of your SMSF2
- Contributions to your fund can be tax deductible3
- 100% of the benefit is paid in advance if you’re diagnosed with a terminal illness (with less than 24 months to live)
Real Income Protection Insurance
- Cover up to 70% of your pre-tax income, up to $15,000 per month4
- Working Australian residents aged 18 - 60 can apply over the phone – no medical, blood test, or forms required
- Flexible cover options to suit your needs and budget
- Get assessed based on your work duties instead of your job title
- Apply for a benefit period from 6 months, 1 year, 2 years, or 5 years
- Choose a waiting period to suit you, either 30 or 90 days
- Premiums can be tax-deductible – seek professional advice
- Final expenses benefit of $10,000 – paid to your family to help cover the cost of your funeral if you pass away while the policy is active
- Recurrent disability benefit – if your injury or sickness reoccurs within 6 months of your last claim, there won’t be a second waiting period
- Rehabilitation benefit – you could be reimbursed up to an additional 50% of your income benefit each month that you take part in a rehabilitation program for up to 6 months, up to a maximum of $3,000
- Includes cover if you’re unable to work due to a mental health event
- Stress-free claim experience with your own dedicated claims specialist based in Australia
- You’ll get back 10% of the premiums you’ve paid after the 12 month anniversary of your policy with The Real Reward™
Real Funeral Cover
- Australian residents aged 40–79 are guaranteed acceptance
- Fast payment to your family (usually paid within 1 business day of receiving completed documents)
- Choose cover from $3,000 up to $15,000 (cover for accidental death and accidental serious injury only in the first 12 months)
- No forms, medicals, or blood tests required to apply
- Triple benefit paid for accidental death (up to $45,000)
- Automatic cover for accidental serious injury at no extra cost5
- Your premiums won’t increase every year6
- No premiums payable after you reach age 85
- After age 85, you can cancel your policy and choose the early cash payout option to get 75% of your funeral cover amount OR keep your policy and get a 25% bonus cover at no extra cost when you pass or reach age 1007
- Free will kit with your policy to help get your affairs in order
- 30-day cooling off period
Real Health Insurance
- Choose from four levels of Hospital cover and four Extras covers
- Up to 70% back from recognised providers8
- No-gap optical offers with First Choice network, including partners like Specsavers9
- 100% back on preventative dental check-ups10
- Find cover that suits your needs and budget
- Emergency ambulance cover with a one-day waiting period11
- Choose between $500 and $750 Hospital excess options12
- Simple online claims process
Some things you should know:
Gold hospital cover is not available through Choosi.
Real Pet Insurance
- Choose from three plans to find the perfect fit for your cat or dog
- Take the stress out of caring for your sick or injured pet by claiming up to 80% of eligible vet bills up to $12,000 per year13
- Take your pet to any vet registered to practice in Australia, and pay no excess
- Excludes cover for death or terminal illness as a result of a self-inflicted injury in the first 13 months. Terminal illness diagnosis with less than 24 months to live.
- Applies for death cover only.
- Check with your financial advisor.
- Monthly benefit amount and benefit period are dependent on underwriting outcome. The income benefit payments you receive will be either monthly amount insured or 70% of your pre-tax income, whichever is less, and reduced by any other disability payments for your injury or sickness. Policy expires on the policy anniversary after your 65th birthday. For full details including what exclusions apply, read the Product Disclosure Statement
- Accidental serious injury cover expires on the policy anniversary after your 75ᵗʰ birthday.
- The premiums may change if you make changes to your policy or if the underlying premium rates are changed for all policy holders.
- There’s no refund of premiums after the cooling off period. The total amount of premiums payable over the life of the policy has the potential to exceed the cover amount. If you choose the early cash payout option, you’ll no longer be eligible to claim as this option will cancel your policy.
- Annual limits, waiting periods and T&Cs apply. Benefits are only paid for services from nib recognised providers. A recognised provider is someone who provides a health service, like a dentist, optometrist, remedial massage therapist or physiotherapist who meet the following criteria: (i) They must work in a private practice; and (ii) They must have professional qualifications recognised by nib. To find a provider in nib’s network of healthcare professionals nib.com.au/find-a-provider
- Claiming optical benefits is subject to your chosen level of Extras cover, relevant waiting periods being served, and sufficient annual limits remaining. Benefits only payable on prescription Optical Appliances. nib Fund Rules and Policy Booklet terms apply.
- Dental benefits are subject to Fund Rules, waiting periods and annual/service limits. A dental check-up includes an examination/consultation (011-015), diagnostics (022, 037), scale and clean (114, 115), plaque removal (111), and fluoride treatment (121) as deemed necessary by the dentist (excludes dentures). The No Gap offer applies only to No Gap First Choice providers, cannot be combined with other offers/government schemes, and is not redeemable for cash.
- Not available to: (i) QLD residents who have ambulance services provided by their State ambulance schemes; (ii) TAS residents who are covered under State ambulance schemes in TAS and when travelling in mainland Australia except NSW, SA or QLD; or (iii) pension and health care card holders who have ambulance services provided by State ambulance schemes (check entitlements with Centrelink if unsure).
- Coverage depends on level of cover, policy exclusions, waiting periods, hospital excess and limits. Out-of-pocket expenses may apply.
- Exclusions, benefit limits, and sub-limits apply. An annual condition limit applies to some policies. Claim for reimbursement. Information is general. Please read and consider the relevant Policy Booklet (containing the Product Disclosure Statement, Policy Terms and Conditions, and Financial Services Guide) before purchasing for specific details of the policy’s inclusions and exclusions based on your selected level of cover.