97% of claims accepted and $112m paid to customers from
1/7/23 - 31/6/24
What is Accidental Death Insurance?
Accidental Death Insurance pays a lump sum of money if you pass away as a result of an accident. This cover is designed to help your family pay costs that you would have helped with if you were still alive.
Most people use Accidental Death Insurance for:
- Paying off the mortgage or other debt
- Providing extra income for their family after they've gone
- Paying for childcare support if the person who passed away was the primary caregiver
- Paying funeral expenses
Accidental Death Insurance benefits
Death benefit
Your family or nominated beneficiaries will receive a lump sum of money if you pass away in an accident.
Financial planning
We will pay for your family to receive professional advice from an approved financial planner. This can help your family plan the most effective way to use the money they will receive.
Grief support
We will help a loved one with the cost of counselling from a professional counsellor during the grieving process.
Optional benefits you can choose to include:
Lets you cover your kids too.
We pay your Accidental Death Insurance premiums if you can’t work more than 10 hours per week due to illness or injury
Lump Sum Support when you need it. Receive this benefit if you suffer any of 29 specified injuries (ranging from broken bones to paralysis). The benefit is payable even if you are still able to continue working. Check the policy document for the full list of injuries and payment periods.
Ready to speak to an adviser?
If you would like to know more about Life Insurance we can put you in touch with an adviser who can explain the different options available.
Speak to an Adviser
Frequently asked questions
Why would someone buy this type of cover?
Not everyone can take out full life insurance and if they have medical problems this can provide them with some cover and peace of mind. It could also just be the cover that better suits their budget.
Will it pay out if I die by doing something dangerous?
We won’t pay out if you die as a result of any self-inflicted act. Put simply, we’ll pay out if something happens while skydiving and there’s a malfunction with your parachute. But we won’t pay out if you go skydiving without a parachute. There may also be exclusions or limitations if you regularly undertake dangerous activities. A financial adviser can discuss these with you.
Disclaimer: The information provided above is for general information only, it is not financial advice or personalised to your situation. If you would like advice that takes account of your particular situation, please contact your financial adviser. Full details of policy terms and conditions are available from Asteron Life Limited or your financial adviser. Terms, conditions, exclusions and limits apply. If there are differences between the information provided here and the policy document, then the policy document will prevail. Asteron Life Limited and its related companies do not accept any liability in connection with the information provided.