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Life Insurance

How would your family manage without you?

Most of us don't have enough life insurance to keep our families financially secure. Have you thought about who would provide for them if you couldn't?

We have a range of insurance plans to help make sure your family has flexible options and the added benefit of financial security should the unexpected happen.

Choose the type and level of insurance cover that's right for you and your family. Our insurance plans are great value, easy to understand and apply for, and an important addition to your insurance cover.

nib Value Life Insurance

Life insurance is a quick and easy way to put financial protection in place.

Life insurance makes sure that if something happened to you, your family could:

  • Use the money to help pay off the mortgage, car loan or any other outstanding debts - when choosing your cover amount, you should take into account those debts you would like to clear
  • Take care of monthly expenses like the shopping, gas and electricity bills, as well as the cost of petrol, transport and education
  • Be provided with a financial nest egg to use for the future

We insure so many things - our health, cars, homes and possessions yet we often forget about our most important asset - our life.

Why choose nib Value Life Insurance?

nib Value Life Insurance provides:

  • Up to $1,000,000 cover
  • Simple application
  • Affordable protection
  • nib Premium Protection Benefit
    (exclusive to customers of nib)
  • No medical tests required
  • Terminal illness benefit
  • Worldwide cover 24/7

Get a quote and apply now

To apply for nib Value Life Insurance, complete a Quick Quote and then hit the Continue button. Take out a plan today and receive a FREE Will Kit that could help save your family from unnecessary stress, as well as money in legal fees

nib Premium Protection

When you take out nib Value Life Insurance, you'll automatically receive nib Premium Protection. This means that in the event a serious accidental injury leaves you unable to perform your daily activities, we'll reimburse your nib health cover and waive nib Value Life Insurance premiums for up to 6 months.*

* Conditions apply. Refer to Product Disclosure Statement.

Things you need to know:
This information is general advice only and does not take into account your personal financial situation, needs or objectives. Please consider the Product Disclosure Statement(PDS) for terms and conditions from the insurer TAL Life Limited ABN 70 050 109 450 AFSL 237848 before deciding whether the product is suitable for you. nib health care services pty ltd ABN 91 003 037 625 is an authorised representative (AR 321683) of TAL Direct Pty Limited ABN 39 084 666 017 AFSL 243260, which promotes this product.

Note: For any Product Disclosure Statements (PDSs) previously issued by TOWER Australia Limited, from 1 June 2011, any reference to TOWER Australia Limited is to be replaced by TAL Life Limited.

nib Funeral Plan

A nib Funeral Plan can make a real difference for your family.

Protecting our families through the hard times is something we all make a priority in life. But have you ever stopped to think about how your family will cope financially should the unexpected happen to you? With many funeral costs due upfront, it’s definitely something your family could do without.

Get up to $15,000 Funeral Cover

nib Funeral Plan can help ease the financial burden. It gives your family the freedom and flexibility to use the payout however they choose. Normally a claim is paid out within 24 hours of receiving a completed claim form.

Cover includes:

  • up to $15,000† – choose a level of cover to suit your budget
  • fast payout - normally within 24 hours of receiving the completed claim form
  • simple phone or online application in minutes
  • acceptance guaranteed for all Australian residents aged 17 to 80
  • no medical or blood tests
  • 30 day money back guarantee
  • level premiums that do not increase with age

You can never protect your family from the emotional pain of your funeral, but you can help ease the financial burden. A nib Funeral Plan provides a payout when your family needs it most.

Take out a plan today and receive a FREE Will Kit that could help save your family from unnecessary stress, as well as money in legal fees

nib Premium Protection

When you take out nib Funeral Plan, you’ll automatically receive nib Premium Protection. This means that in the event a serious accidental injury leaves you unable to perform your daily activities, we’ll reimburse your nib health cover and waive your nib Funeral Plan premiums for up to 6 months (or up to $750, whichever comes first).**

† Cover is for Accidental Death only during the first 12 or 24 months depending on your choice. After the Accidental Death period, you are covered for any cause of death, with no exceptions.

**Conditions Apply. Refer to Product Disclosure Statement

Things you need to know:
This information is general advice only and does not take into account your personal financial situation, needs or objectives. Please consider the Product Disclosure Statement for terms and conditions from the issuers TAL Life Limited ABN 70 050 109 450 AFSL 237848 before deciding whether this product is suitable for you. nib health care services pty ltd ABN 91 003 037 625 is an authorised representative (AR 321683) of TAL Direct Pty Limited ABN 39 084 666 017 AFSL 243260, which promotes this product. Waiting periods for cover and claims otherwise apply.

nib Income Protection

Don't leave your lifestyle to chance

For peace of mind, nib Income Protection is a great way to help pay the bills if circumstances force you to take time out. It can help meet your financial commitments if you become sick or injured, or if you suddenly find yourself made redundant through no fault of your own. Protect your income and way of life from the unexpected with flexible nib Income Protection cover to suit your pocket. It includes:

  • Cover for up to $10,000 a month, up to 85% of your income with the Income Protection option
  • Payments for up to 2 years to cover your expenses, whilst you recover
  • Optional extras such as Involuntary Unemployment Cover and Permanent Disability Cover
  • The option of Basics Cover if you are a student, stay at home parent or self-employed

We recognise your good health and lifestyle, offering lower premiums for nib Income Protection to those in good health. You could really save by answering some simple questions. It’s just another great reason to choose nib Income Protection.

Protect your income and way of life from the unexpected with nib Income Protection. Don’t leave your lifestyle to chance.

Things you need to know:
This information is general advice only and does not take into account your personal financial situation, needs or objectives. Please consider the Product Disclosure Statement for terms and conditions from the issuers TAL Life Limited ABN 70 050 109 450 AFSL 237848 and for Involuntary Unemployment Cover, St Andrew’s Insurance (Australia) Pty Ltd ABN 89 075 044 656 AFSL 239649 before deciding whether these products are suitable for you. nib health care services pty ltd ABN 91 003 037 625 is an authorised representative (AR 321683) of TAL Direct Pty Limited ABN 39 084 666 017 AFSL 243260, which promotes this product.

About the Issuer

TAL Life Limited ABN 70 050 109 450 AFSL 237848 of Level 16, 363 George Street, Sydney NSW 2000 is the issuer of the life insurance benefit and St Andrew's Insurance (Australia) Pty Ltd, Level 17, 259 Queen Street, BRISBANE QLD 4000, ABN 89 075 044 656 AFSL 239649 is the issuer of the Involuntary Unemployment Cover outlined on this site.

About the distributor

nib health care services pty ltd (nib) abn 91 003 037 625 Authorised Representative Number 321683 of 22 Honeysuckle Drive, Newcastle NSW 2300 has been appointed as an Authorised Representative by TAL Direct Pty Limited ABN 39 084 666 017 AFSL 243260 to act on its behalf. nib distributes this product. nib does not guarantee or accept liability under nib Value Life Insurance.

Important Information

The information contained on this site is general advice only and does not take into account your financial situation, personal objectives or needs. For more information about the conditions of these products and to determine whether they meet your individual needs, you should refer to the Combined Product Disclosure Statement (PDS) and Financial Services Guide (FSG):
Life Insurance and Income Protection PDS & FSG
Funeral Plan PDS & FSG

Note: For any Product Disclosure Statements (PDSs) previously issued by TOWER Australia Limited, from 1 June 2011, any reference to TOWER Australia Limited is to be replaced by TAL Life Limited.

How to claim

In the event that you or a family member has to claim on a life insurance policy, a dedicated case manager will be appointed. Your case manager will be your personal point of contact throughout the settlement of the claim.

To contact the claims team, please call Freecall 1800 633 170, from 8.00am to 7.00pm (EST) Monday to Friday. Your case manager will then take details of your claim, send you a claim form and tell you any other requirements that may be needed to complete the claim.

A claim payment will be made to any beneficiaries you have nominated in your application or while the policy is in force. If you have not nominated any beneficiaries, the amount will be payable to your estate.

Contact us

If you have any questions about the nib Value Life insurance please contact us at nib using any of the below contact points.

Call

Freecall 1800 633 170


Fax

1800 064 900
Mon - Fri 8.30am - 6.00pm(EST).

Send an email to

nibinsurance@nib.com.au
A consultant will respond to your query within the next 2 working days.

Write to

nib Life Insurance Team
PO Box 72
Carlton South, VIC 3053