The application process

At Asteron Life, we sell our life insurance products through financial advisers. That’s because we think people should seek advice about something so important.

Once your financial adviser has worked with you to understand your individual needs, they will recommend a strategy which includes:

  • an amount of cover
  • type of cover
  • an insurer.

To apply for your cover, you and your adviser then complete the application form - this can be an online application, or a traditional paper application. Your adviser will also help you through the underwriting process, by liaising with the insurer where required.

Online applications

Most insurers today have online application forms. Asteron Life’s electronic application solution is an intelligent system that underwrites your application as you and your adviser answer the questions. It can often give you a decision about your cover on the spot.

What is underwriting?

Underwriting is the term insurers use to describe the process of assessing risk. It’s a process that takes place when you submit your application - and it generally doesn’t take long.

To underwrite a policy we rely on information from a range of sources, including the medical and financial information that you supply on your application form.

Underwriting an application aims to ensure that the cost of cover is appropriate for the risks faced by the person being insured.

Take smoking for example. We all know that smokers face higher risks of lung cancer and heart attack. So it makes sense then that smokers should pay a higher premium than non-smokers. Underwriting aims to ensure that the cost of cover is fair and equitable for everyone - so people with the same or similar risk pay the same or similar premium rates.

All Asteron Life applications are underwritten - either by our electronic application or by our dedicated and specialist Underwriters.

Will I need a medical?

Depending on the amount of cover you apply for, and the types of cover you apply for, you may need a medical report or some tests. The results of these tests help us to underwrite your policy.

As an example, if you're under the age of 45, you can generally apply for up to $2.5 million of Life Cover and TPD Cover and $1 million of Trauma Cover, without the need for medical tests.

This is general advice and does not take into account your objectives, financial situation or needs. Before acting on this general advice you should consider the Product Disclosure Statement and the appropriateness of the advice having regard to your situation and consult your financial adviser.

Contact an adviser near you

Together we can determine the most appropriate products for your needs, decide on the right amount of cover and structure your policies to suit your personal circumstances.

Talk to an adviser

Did you know?

Approximately 93% of applicants who go through the underwriting process get their cover quickly and at standard premium rates.


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.

Asteron 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

© Asteron Life & Superannuation Ltd ABN 87 073 979 530 (Asteron). Registered Office, Level 16, 363 George Street, Sydney NSW 2000

Asteron Life & Superannuation Limited ABN 87 073 979 530, AFSL 229880 (Asteron) is part of the TAL Dai-ichi Life Australia Pty Limited ABN 97 150 070 483 group of companies (TAL). Suncorp Portfolio Services Limited ABN 61 063 427 958, AFSL 237905, RSE Licence No L0002059 (SPSL or Trustee) is part of the Suncorp group of companies (Suncorp). SPSL is a related body corporate of Suncorp Group Limited ABN 66 145 290 124 and Suncorp-Metway Limited ABN 66 010 831 722 (Suncorp Bank) (Suncorp). This product is not a bank deposit or other bank liability of the Suncorp Bank. The obligations of the different entities of TAL and Suncorp are not guaranteed by other entities