Media releases

Asteron reduces Lifeguard® Life Cover premiums across the board

Life insurer Asteron is making it easier for customers to get covered – and stay covered – with policy rates on Asteron Lifeguard Life Cover® policies reduced from today, 1 March 2010.

The reductions apply to Asteron Lifeguard Life Cover stepped premium rates11 and will be applied from the next policy renewal date for every customer.

General Manager Asteron Jordan Hawke said, “Asteron’s vision is to provide superior, accessible life insurance for our customers. We’re continually undertaking research and analysing our claims data to ensure our rates offer value for money for customers, and these reductions reflect our latest research.”

Helping Australians stay covered longer

The reductions in Asteron Lifeguard Life Cover rates make prices more competitive for customers aged over 45 for sums insured up to $750,000, and the discounts for those over 45 with sums insured between $150,000 - $750,000 have been improved.

“For customers wanting to continue their cover as they get older, when health risks can become more prevalent, our rate reductions will be particularly welcome news,” says Hawke.

Keeping skilled manual workers covered for less

Not only is Asteron one of few insurers offering TPD cover with an ‘own occupation’ definition to many trade qualified workers, but now the new premiums for Asteron Lifeguard Life Cover combined with TPD make Asteron one of the cheapest insurers in the market for skilled manual workers over the age of 40.

Asteron Lifeguard Life Cover remains competitive for most sums insured and ages, and particularly so for:

  • Female customers
  • Customers aged 30-45 years with sums insured of over $750,000
  • Customers with bundled products

Hawke says, “We believe life insurance should be there to help Australians ‘seize life’s possibilities’, and we’re continually striving to provide a better, more accessible life insurance to meet this need.”

For more information, or to interview Jordan Hawke, contact: Sarah Hegarty 02 8275 3811; 0410 652 517;

1Policies sold from 2007

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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