Update insurance cover
As your life changes so do your insurance needs. Use our calculator to see how much cover you need.
Changes you can make to your insurance cover
Important: You must write to us within 90 days after one or more of the Key Life Events occur to make a change without filling in extra paperwork.
Death and disability cover
You can increase your insurance cover to either twice your existing death and disability cover, or by $200,000 (whichever is lesser) usually without having to provide medical evidence within 90 days of one of these ‘Key life events’ happening:
- Get married
- Have a baby or adopt a child
- Take out a new mortgage - must be your primary home. Excludes refinancing and investment property
- Death of your spouse
- Get divorced
- Child’s first day at primary or secondary school
- Become eligible for a Carer Allowance from Centrelink.
You can shorten your income protection waiting period to 30 days (if it is currently 60 days) or if your salary is out of date, you can increase your cover by up to 25% of your existing sum insured, subject to the maximum monthly benefit of $30,000. To increase your cover you must apply within 90 days of a Key Life Event or two months of a salary increase.