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Real Insurance offers Australians a way to protect what matters most, their lives and the future of their loved ones. While many of us insure our cars, homes, or even pets, life insurance is often overlooked despite being one of the most important types of financial protection you can have. Real Life Insurance ensures that your family has financial support if you pass away or are diagnosed with a terminal illness. With flexible cover options, a simple application process, and strong customer satisfaction, Real Insurance has become a popular choice for thousands of Australians.
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Real Life Insurance provides a lump sum benefit if the life insured passes away or is diagnosed with a terminal illness (defined as having less than 24 months to live). Coverage starts from $100,000 and can go up to $2 million, depending on your age and circumstances. The policy also includes a free 30-day accidental death cover while your application is being assessed.
Your family can receive an advance funeral payout of up to $20,000 to help manage immediate expenses. Importantly, no medical tests or blood work are required to apply. You can complete the application over the phone in one simple call, and once accepted, your cover continues for life as long as you pay your life insurance quotes on time.
This insurance is available to Australian residents aged between 18 and 74 years. Real Life Insurance is backed by Hannover Life Re of Australasia, one of the world’s largest reinsurers, giving customers added peace of mind.
Term Plans
When you take out a Real Life Insurance policy, you are covered for:
Death by any cause, except in cases of self-inflicted injury during the first 13 months of the policy.
Terminal illness, defined as a medical diagnosis with a life expectancy of 24 months or less. In such cases, the full benefit amount is paid in advance.
Free accidental death cover for up to 30 days during the application process.
Advance funeral benefit of up to $20,000, paid to help with immediate costs after a claim is approved.
These coverages are designed to provide both immediate and long-term financial support to your family when it matters most.
Real Life Insurance is designed to be straightforward, accessible, and supportive. Here are the key features and benefits:
Flexible Cover Amounts: Choose from $100,000 up to $2 million in increments of $50,000, based on your age group and financial needs.
No Medical Exams: You don’t need to undergo any medical tests or blood work to apply.
Fast and Easy Application: Apply over the phone in a single call, with Australian-based customer service.
Payment Flexibility: Pay your premiums fortnightly, monthly, or annually, all at no extra cost.
Guaranteed Lifetime Cover: Once accepted, you remain covered for life, regardless of changes to your health or lifestyle, as long as premiums are paid.
The Real Reward™: Receive 10% cashback of the premiums you’ve paid after the first 12 months.
Free Online Will: Get access to a legal online Will valued at $160.
Award-Winning Service: Real Insurance has been recognised for 16 consecutive years with industry awards, and it holds a 4.5/5 Feefo rating from over 2,000 customers.
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You must be between 18 and 74 years old to apply.
Suicide and self-inflicted injuries are not covered in the first 13 months.
The amount of cover and eligibility for optional benefits may depend on your individual circumstances and underwriting outcome.
Cover continues for life, but stepped premiums may increase each year as you age.
A 30-day cooling-off period applies, allowing you to cancel for a full refund if no claim has been made.
This policy does not have a cash value and is not an investment product.
To enhance your protection, Real Insurance offers optional add-ons that can be bundled with your life insurance policy:
If you become totally and permanently disabled or unable to work due to illness or injury, this cover pays a lump sum.
Available to applicants aged 18 to 59.
Cover ranges from $50,000 to $1 million.
Can be used for medical treatment, rehabilitation, or household expenses.
This benefit provides financial help if you’re diagnosed with a major illness such as cancer, stroke, or a severe heart attack.
Available for ages 18 to 59.
Benefit amounts range from $50,000 to $500,000.
Paid as a lump sum to use however you choose.
Protect your children aged 2 to 17 against serious illnesses or in the event of their passing.
Benefit amounts from $20,000 to $50,000 per child.
Covers defined illnesses and injuries, with a lump-sum payout to support treatment or recovery costs.
Every family’s needs are different. The right level of life insurance depends on factors such as your debts (e.g., mortgage or loans), household income, living expenses, children’s education, and funeral costs. Real Insurance offers a free online calculator to help estimate how much cover you may need based on your personal circumstances. Taking the time to choose the right amount ensures your family is financially secure if something unexpected happens.
Life insurance isn’t just for people with dependents or big mortgages, it’s for anyone who wants to protect their loved ones from financial hardship:
Singles: To ensure funeral and personal debts don’t fall on family members.
Couples: To protect your partner from mortgage or income loss.
Young Families: To secure your children’s education and well-being if you’re no longer around.
Established Families: To cover growing expenses and preserve your family’s lifestyle.
Seniors: To plan your legacy and prevent financial strain on your family during retirement.
Real Life Insurance is suitable for a wide range of Australians looking for straightforward, affordable protection that can be tailored to their needs. To protect yourself and your family against the loss of income in your absence, you can opt for income protection insurance in Australia.
NRIs living in Australia can easily buy term life insurance for NRI from Indian insurers to ensure the financial protection of their loved ones at affordable premiums. Let us take a look at some other benefits of buying term life insurance for NRI in Australia.
You can buy term life insurance for NRI at a much affordable premium compared to international term plans
Clear your medicals online with term insurance tele/video medicals and remove the hassle of travelling back to India just to get your medicals cleared
The smart exit benefit allows you to exit the plan early and receive all the premiums paid back at the termination of the policy
You can receive an 18% GST waiver on term insurance premiums paid via NRE bank accounts that support freely convertible currency
The claim process for your family back home in India would be much simpler if the insurer was an Indian company.
Here is how you can buy a term life insurance for NRI living in Australia via Policybazaar:
Step 1: Visit the term insurance for NRI in Australia page
Step 2: Fill in the required details like name, gender, and contact information
Step 3: Select the right smoking habit, occupation type, annual income, and educational qualifications
Step 4: Choose the best term life insurance plan for NRI and proceed to pay
˜Top 5 plans based on annualized premium for bookings made on https://www.policybazaar.com in the first 6 months of FY 24-25.
Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
+Rs. 487/month (Rs.16/day) is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.
Prices offered by the insurer are as per the approved insurance plans | #All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply | **Tax Benefits are subject to changes in tax laws.| Policybazaar Insurance Brokers Private Limited
We will respond in the first instance within 30 minutes of the customers contacting us. 30-minute claim support service is for the purpose of giving reasonable assistance to the policyholder in pursuance of the claim. Settlement of claim (including cashless claim) is the responsibility of the insurer as per policy terms and conditions. The 30-minute claim support is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. For further details, 24x7 Claims Support Helpline can be reached out at 1800-258-5881
For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale
Policybazaar Insurance Brokers Private Limited | CIN: U74999HR2014PTC053454 | Registered Office - Plot No.119, Sector - 44, Gurgaon, Haryana – 122001 | Registration No. 742, Valid till 09/06/2027, License category- Composite Broker Visitors are hereby informed that their information submitted on the website may be shared with insurers. Product information is authentic and solely based on the information received from the insurers.
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+Rs. 820/month is starting price for a 2 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.
+Rs. 1,443/month is starting price for a 5 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.
˜ Policybazaar Promise reflects the guarantee offered by insurers. Price assurance is based on certifications shared by insurers with us.
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