Our insurance products

Protection for what matters most

When you decide to purchase life insurance, you’re protecting what matters most: your family, the life you share, and the future you’ve planned together. Life insurance gives you and your family confidence that you’re protected long-term.

At Asteron Life, we’ve been protecting Australian families since 1833. Along the way, we’ve evolved to meet the changing needs of generations of Australians, but we’ve always stayed true to our spirit of service and belief that life insurance protects not only the future: it also gives you confidence and security today.

Our insurance product – Asteron Life Complete – offer comprehensive protection that you and your adviser can tailor to suit your needs, with a number of features and benefits to make sure you’re getting the most from your cover. 

Asteron Life Complete means:

Flexibility if things change

If your situation changes – you buy a new home or start a family, for example – Asteron Life Complete lets you increase your cover amount without additional medical checks, so you can always be confident you’ve got the right amount of cover for you and your family.

Our approach to claims

If you need to make a claim, we understand it’s likely to be at a difficult time. We do all we can to make things as easy as possible and assign a dedicated claims manager to each claim. They’ll be with you every step of the way, focused on supporting you and your family and processing your claim as quickly as possible.

Learn more about our approach

 

Learn more about our insurance products

Life Cover

Our Life Cover through Asteron Life Complete provides comprehensive protection that can be tailored to make sure you’ve got the cover you and your family need. 
Life Cover offers:

  • Cover when and where you need it: 24 hours a day, right around the world
  • Protection for your kids, with $10,000 of Child Cover Premium free for each child in the event of their serious illness or injury
  • Flexibility if things change: increase your cover amount without additional medical checks if your situation changes (for example, if you have a child or buy a new home)
  • Support when your family need it most, with a grief support service and an advancement benefit for funeral and other initial expenses.

Extra options available with Asteron Life Complete
$10,000 Premium Free Child Cover1
Your Life Complete policy provides an optional $10,000 of Child Cover Premium free, which you can increase for $1 per month for every additional $10,000 of Child Cover. 

Rewards for healthy living
We want to encourage everyone to live the healthiest life they can, which is why we reward customers through our Healthy Life Option and Healthy Plus Option. The programs offer a discount on your premiums when:

  • Your body mass index (BMI) is 28 or below
  • You’re a non-smoker (or have been for at least five years)
  • And you meet the entry age criteria: 30–55 (age next birthday) for Healthy Life Option2 and 30–50 for Healthy Plus Option3. 

The Healthy Life Option offers 10% off stepped premiums for Life and/or TPD policies2. If you meet the eligibility criteria, the discount will be applied automatically for the life of your policy – with no additional tests or checks required. 

The Healthy Plus Option offers up to 20% off your Life insurance premiums3 if you meet certain health and lifestyle criteria, and you can keep the discount going year-after-year by having an annual QuickCheck and MBA blood test. 

If you decide not to have those tests, your discount will reduce by 1% each year until it reaches 10% – the 10% discount will remain in place for the life of the policy.

For more details, download the Asteron Life Complete PDS.

1. Applies to children age 3-21, expiry age 22. See PDS for full details.
2. The 10% HLO TPD Discount is not available for customers who applied for and issued cover on/or before 9 April 2017.  In addition, to be eligible the policies for Life and/or TPD Cover need to be offered at standard rates without any loadings or exclusions.
3. The 20% HPO discount has additional assessment requirements (QuickCheck and MBA blood test) and will not be automatically applied.

TPD Cover

Asteron Life Complete TPD Cover provides you with comprehensive and affordable cover, with a number of features and benefits that make sure you’re getting the most from your cover. 

Asteron Life Complete TPD offers:

  • Cover when and where you need it: 24 hours a day, right around the world
  • Protection for your kids, with $10,000 of Child Cover1 Premium free for each child in the event of their serious illness or injury
  • Flexibility if things change: increase your cover amount without additional medical checks if your situation changes (for example, if you have a child or buy a new home)
  • Support when you need it most, with a confidential grief support service 
  • For most white-collar occupations, you can extend your TPD insurance up to age 70.

Extra options available with Asteron Life Complete TPD

$10,000 Premium Free Child Cover1
Your Complete TPD Cover provides $10,000 of Child Cover Premium free, which you can increase for $1 per month for every additional $10,000 of Child Cover. 

Business Security Option
Our Business Security Option lets you increase your TPD sum insured once a year if a specified business event occurs, without the need for any further medical information or tests.

For more details, download the Asteron Life Complete PDS.

1. Applies to children age 3-21, expiry age 22. See PDS for full details.

Trauma Cover

Our Trauma Insurance product, Asteron Life Complete Trauma Cover, is a comprehensive, affordable product that you and your adviser can tailor to suit your needs. 

It offers a range of features and benefits that make sure you’re getting the most from your cover, including:

  • Up to $2,000,000 in lump sum cover for over 40 medical conditions
  • Partial payments for less serious conditions
  • Cover when and where you need it: 24 hours a day, right around the world
  • Protection for your kids, with $10,000 of Child Cover Premium free for each child in the event of their serious illness or injury
  • Flexibility if things change: increase your cover amount without additional medical checks if your situation changes (for example, if you have a child or buy a new home)
  • Support when you need it most, with confidential grief support services available.

Extra options available with Asteron Life Complete Trauma
$10,000 Premium Free Child Cover1
Your Complete Trauma Cover provides $10,000 of Child Cover Premium free, which you can increase for $1 per month for every additional $10,000 of Child Cover. 

Business Security Option
Our Business Security Option lets you increase your Trauma Cover sum insured once a year if a specified business event occurs, without providing any additional medical information or having extra tests.

Trauma Booster Option
You can choose to double the payment for the Partial Trauma Benefit and boost the Trauma Benefit by an extra 25% for certain trauma events.

For more details, download the Asteron Life Complete PDS.

1. Applies to children age 3-21, expiry age 22. See PDS for full details.

Income Protection Cover

To make sure you’ve got the cover you need, our comprehensive Asteron Life Complete Income Protection includes three levels of insurance:

  • Income Protection Plus Cover: the most comprehensive option
  • Income Protection Cover: affordable cover that’s designed to suit most Australians and also available through superannuation
  • Income Protection – Accident Only Cover: a basic option that only covers accidental injuries.

They all include a range of built-in features and benefits, and let you work up to 10 hours a week while totally disabled, without reducing your benefit payment (even if you’re earning income during those 10 hours). 

Asteron Life Complete Income Protection also offers:

  • Cover when and where you need it: 24 hours a day, right around the world
  • A 3-tier total disability definition for all insurable occupations
  • Built-in benefits for blood-borne diseases such as HIV and hepatitis B and C for medical professionals
  • A choice of waiting periods to help you manage affordability 
  • Partial payments when you’re able to work but earning less income
  • Waived premiums for six months for pregnant women
  • Access to support services like rehabilitation, retraining and return to work assistance
  • Extensive built-in benefits with Income Protection Plus Cover including an Unemployment Benefit, Child Care Reimbursement Benefit, Business Rehabilitation Benefit and Crisis Benefit.

Extra options available with Asteron Life Complete Income Protection

  • Increasing Claim Option: ensures your benefit increases in line with indexation
  • Booster Option: increase your benefit payments by a third for the first three months of your claim
  • Day 1 Accident Option: pays you your total monthly benefit during the waiting period if you suffer a serious accident
  • Super Saver Option: this option allows you to insure up to 80% of your income
  • Child Cover: insure your kids against certain medical conditions like cancer and meningitis.

For more details, download the Asteron Life Complete PDS.

Business Expenses Cover

Asteron Life Complete Business Expenses Cover is a complete security net for your business, offering:

  • A 3-tier total disability definition for all insurable occupations
  • Payment of up to 100% of your allowable business expenses so you’re not left short at claim time
  • Locum cover to cover the cost of employing a replacement while you focus on getting better
  • No reduction of benefit payments if your business is making a profit
  • No proof of expenses required in the first two months 
  • Partial payments when you’re partially disabled and earning less income
  • Access to support services like rehabilitation, retraining and return to work assistance.

For more details, download the Asteron Life Complete PDS.

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 www.asteronlife.com.au/privacy 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 info@fsc.org.au or visit www.fsc.org.au.

© 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.