It’s something we don’t like to think about, but unfortunately you just have to read the newspapers every day to see that
any one of us can be struck by an accident, and the fact is on average, 151 people die every week in Australia as the result
of an accident#.
Of course, when such tragedy strikes, costs don’t go away, in fact serious injuries can mean a costly and lengthy period
of recovery and rehabilitation. And, if you were to pass away suddenly your family may need funds to help with paying off
loans, or simply to meet day to day living expenses.
That’s why, whether you’re working or enjoying life in retirement, it’s important to plan to make sure you and your family
are financially protected. Accidental Death & Serious Injury Insurance is designed to give an extra measure of financial
protection for you and your family, against the ever present risk of accidents.
#Australian Bureau of Statistics Causes of Death, Australia, 2007 (Cat. No. 3303.0, 2009)
Accidental Death & Serious Injury Cover can give you the peace of mind of knowing that you have a measure of financial
protection if you were to die or suffer a serious injury in an unfortunate accident.
Your chosen benefit could be used to help you on the path to recovery, or help secure your family’s financial future if
you were no longer there to provide for them.
The benefits of Accidental Death & Serious Injury Cover
- Guaranteed acceptance for Australian residents aged 18 to 69
- No medical or blood tests required
- Apply over the phone - no forms to fill out
- From $50,000 up to $500,000 benefit
- From just $2.77 per week for a Single Plan with $50,000 benefit
- Your lifetime premium rate doesn’t increase just because you get older
- Single or Joint cover options
- Cover 24/7, worldwide#
- Monthly or fortnightly payment options
- 30-day cooling off period
Covered injuries
The policy pays your chosen benefit in the event of your accidental death, or if, as the result of an accident, you experience
one of the following injuries#:
- Quadriplegia
- Paraplegia
- Hemiplegia
- Deafness
- Blindness
- Total and Permanent Loss of Use of Two Limbs
#Conditions apply.
If you’re an Australian resident aged 18 to 69 you can’t be turned down for this cover, and once covered we also guarantee
to renew your policy all the way to age 75.
You can select a benefit amount from $50,000 up to $500,000.
You can also be covered with your partner on the same policy, and you can each select your individual benefit amounts.
Accidental Death & Serious Injury Cover can give you the peace of mind of knowing that you have a measure of financial
protection if you were to die or suffer a serious injury in an unfortunate accident.
The policy can provide a lump sum payment to you or your family if you die or are seriously injured as the result of an
accident. The money could be used to help you on the path to recovery from a serious accident, or to help secure your family’s
financial security if you were no longer there to provide for them – the cash could be used to help cover expenses such
as the mortgage, car repayments or day to day bills.
You can select a cover option that suits your
needs and budget, from $50,000 up to $500,000 benefit which is paid as a lump sum in the event that you suffer a defined
serious injury or death as a result of an accident.
If you cancel your Accidental
Death & Serious Injury Cover within the first 30 days of commencement – for any reason whatsoever – you’ll receive a
full refund of premiums that have been paid. If you cancel your Accidental Death & Serious Injury Cover (after the 30
day cooling off period) you will not get anything back unless you have paid more than 30 days in advance, as Accidental
Death & Serious Injury Cover is not a savings plan. However, if you have chosen a yearly payment option, we will refund
you a pro rata of the unused portion.
If you are an Australian
resident aged 18 to 69 we guarantee to accept you for this insurance, with no health questions and no medical requirements.
No, and there are no
intrusive questions about your health and lifestyle.
"Accident" means an event resulting in bodily injury occurring while this Policy is in force, where the injury is directly
and solely caused by accidental, violent, external and visible means without any other contributing causes and where the
injury is not self inflicted.
"Accidental Death" means death occurring as a direct result of an Accident and where death occurs within 90 days of the
Accident.
Accidental Serious Injury means
a Serious Injury occurring as a direct result of an Accident and where the Serious Injury occurs within 12 months of the
Accident.
To help ensure that your level of insurance cover keeps up with increases in inflation your cover level is automatically
increased on each policy anniversary by 5%. We will write to you each year to tell you about this, and you may decline this
increase if you wish.
The automatic increases stop at the policy anniversary after you reach age 74.
Provided you are an Australian Citizen
or permanent resident living in Australia and have no plans to relocate outside of Australia at the time of application,
once your application is accepted you’re covered anywhere in the world 24/7.
Yes. With Accidental Death & Serious Injury Cover you can take out insurance solely on your own life (Single Plan),
or you can choose to include your partner under your policy (Joint Plan).
When you apply with your partner you can each apply for individual benefit amounts.
Just
get a quote to see how affordable cover can be for you. Cover starts from $2.77 per week for $50,000 benefit under a
Single Plan.
Generally the premiums are not tax deductible
and benefits paid are not assessed as income. This information is based on continuance of present tax laws and our interpretation
of those laws. Your individual situation may differ and you may need to seek qualified professional advice in relation to
your particular circumstance.
Your policy will continue until the first policy anniversary after you reach age 75.
We make all benefit payments to the Policy owner. If the Primary Life Insured dies while owning the Policy, the Insurance
benefit will be paid to the Policy owner’s legal personal representative, or other person that we are permitted to pay under
the Life Insurance Act 1995.
You can nominate a person as a beneficiary to receive the benefit on death by simply downloading a
beneficiary form, complete and mail it to Real Insurance, PO Box 6728, Baulkham Hills, NSW 2153.
Hannover Life Re of Australasia (Hannover), ABN 37 062 395 484, is the issuer of Accidental Death and Serious Injury Cover.
Hannover’s portfolio of life insurance business has been in force for over 40 years and consists of approximately $500 million
dollars of annual premium. The company is part of the Hannover Re Group which is one of the world’s leading reinsurers.
Its worldwide network consists of more than 100 subsidiaries, branch and representative offices in around 20 countries.
Standard & Poor’s have awarded Hannover Re a very strong insurer financial strength rating.
Another question? Email us at info@reallifecover.com.au