Adviser News

7 things you should know about Asteron Life

We’re here to help make doing business easier 

At Asteron Life, our purpose is to protect what Australians value most and help you deliver good client and business outcomes. For more than 180 years we’ve been working hard to provide high quality insurance products, excellent service and remain committed to always doing our best by you and your clients.

Read on to see how you can get more from Asteron Life.

1. Healthy living rewards

We want to encourage and reward clients for living healthier lives. It’s why we’ve developed our Healthy Life discounts (Healthy Life Option and Healthy Plus Option) . Eligible clients can take advantage of a minimum discount of 10% for the life of the policy. 

2. Supporting your learning needs

We understand education is an important way we can support you. Our newly upgraded education program, The Sophisticated Adviser, now offers more than 400 technical, product and soft skills courses to help you take your career to the next level. 

3. Flexible commission options and more

We offer three flexible commission options: Customised, Level and Wholesale. Plus, there’s a fee-for-service option giving you and your clients greater choice and flexibility.

4. More options with our TPD cover 

Recently we introduced a new way for clients to structure and pay for their TPD Stand Alone (SA) insurance cover. Clients now have the option to take out TPD SA insurance cover through Suncorp Mater Trust and pay premiums via Pay by Any Superfund (PBAS).

5. Market-leading quote tool

According to the recent IFA Channel Life Risk Programme study conducted by NMG, Asteron Life’s adviser tools are now one of the best in the market! Our quote tool for example, allows advisers to explore ownership and commission structures, stepped versus level premiums as well as optional product features ¬– all in just a few clicks.

6. Award winning underwriting service

Our underwriting team strive to make the underwriting process as simple and streamlined as possible. Our tele-underwriting service    provides clients with direct access to our in-house underwriters making the application process quicker, easier and more convenient. It also provides a fast response—with 43% of clients using the service getting a decision on the same day.

7. Flexible product features

We believe insurance should be flexible so it keeps pace with our clients’ changing needs. Asteron Life Complete lets you design flexible packages of Life, TPD, Trauma, Income Protection and Business Expenses for your clients, using a mix of stepped   and level premiums to meet both short- and long-term client risk and affordability needs.  Plus, our ‘Guaranteed Future Insurability’ benefit allows eligible clients to increase their   cover without the hassle of providing additional medical information.

To find out how you can get more out of Asteron Life, talk to your BDM today on 1800 739 641.

Asteron Life™ is committed to providing customers with long term financial security. We provide life insurance products including Income Protection Covers, Trauma Cover, Total & Permanent Disablement (TPD) Cover, Life Cover and Business Expenses Cover. To obtain a copy of our privacy statement, please contact us on 1800 221 727 or visit the following website to view or download the policy.

Suncorp supports and adheres to the Life Insurance Code of Practice (Code). The Code has been developed voluntarily by the Life Insurance industry through the Financial Services Council to promote high standards of service to consumers, provide a benchmark of consistency within the industry, and establish a framework for professional behaviour and responsibilities. Download the Code here. For more information contact the Financial Services Council on (02) 9299 3022 (local call cost), email or visit