Accident Cover FAQs



How much Accident Cover can I get?

If you’re an Australian resident aged 18 – 70, you can choose a Benefit Amount from $100,000 up to $350,000, to help pay for bills or any other final expenses.


Can I cover my family too?

Yes, you can take out a Single or Family policy to include your Partner and any dependent children aged between 2 – 18 years.


What is covered under Accident Cover?

A lump sum payment could be paid to your loved ones in the event you or any other Life Insured suffers an Accidental Death, or suffers an Accidental Serious Injury.

The following serious injuries are covered under this benefit:

  • Blindness
  • Coma
  • Loss of Hearing
  • Loss of or Paralysis of 2 or more Limbs
  • Loss of Speech
  • Major Burns
  • Major Head Trauma
  • Paralysis

Please ensure you read and understand the definitions for these conditions. For full definitions of these conditions, please refer to the PDS.


What’s not covered under Accident Cover?

An Accident Cover benefit will not be payable if you or another life insured pass away or suffer a serious injury as a result of any of the following:

  • Natural causes, illness, an intentionally self-inflicted injury or suicide;
  • Any criminal or illegal acts;
  • War or taking part in a riot or civil commotion;
  • Consumption of intoxicating liquor (including having a blood alcohol reading over the legal limit) or drugs (unless under the direction of a Medical Practitioner);
  • a Dangerous Occupation or Pastime; or
  • being a pilot or crew member of any aircraft or engaging in any aerial activity except as a fare-paying passenger on a recognised airline which is not listed as an airline banned or restricted by the European Commission


What is Children’s Cover?

You can also choose to add Children’s Cover for you or your Partner’s dependent children aged 2 - 18 to your Accident Cover Policy. Children’s Cover provides a lump sum payment from $10,000 up to $60,000 if an Insured Child suffers an Accidental Death or one of the following Accidental Serious Injuries:

  • Blindness
  • Coma
  • Loss of Hearing
  • Loss of or Paralysis of 2 or more Limbs
  • Loss of Speech
  • Major Burns
  • Major Head Trauma
  • Paralysis

For full definitions of the above Accidental Serious Injuries, refer to the PDS. If you apply for Children’s Cover and we accept your application, it will be shown on your Policy Schedule.


How long can I keep my Accident Cover?

You can keep your Accident Cover right up until your 75th birthday. Your Accident Cover will also end on any of the following events occurring:

  • you cancel your Policy; or
  • we cancel your Policy, due to non-payment of premiums or when entitled to do so under the Insurance Contracts Act 1984 (Cth) or the Life Insurance Act 1995 (Cth).

Additionally, cover under the Policy will end:

  • for a Life Insured on the earliest of the following events:
    • - the date of payment of an Accidental Death or Accidental Serious Injury claim.
  • for an Insured Child on the earliest of the following events:
    • - the Policy Anniversary following that Insured Child’s 21st birthday; or
    • - the date of payment of an Accidental Death or Accidental Serious Injury claim

In the event that cover ends and there is/are any surviving Life Insured/s under a Family Policy, we will issue a new Policy to a surviving Life Insured.


What are my premium payment options?

Premiums are fixed and are determined by the Benefit Amount chosen, whether you take out optional Children’s Cover, and the number of people on the policy.

For added flexibility and to assist with household budgets, you can choose to pay your premiums weekly, fortnightly, monthly or annually.


Will my premiums increase?

With Let’s Insure Accident Cover, your premiums are fixed so they do not increase each year because of your age. Your premiums can increase each year however, with our Automatic Sum Insured increases, which are designed to help protect the Benefit Amount value against inflation, or if major rate changes have been made to this type of policy.

Your premium will be determined each year at your Policy Anniversary to reflect any inflation-protection increases in the Benefit Amount (Automatic Sum Insured Increase), unless you decline the inflation-protection increase.

As with many insurance policies, premium rates are not guaranteed, and we may change the amount we charge for your cover under this Policy, but only if we change the premium rate applying to all Let’s Insure Accident Cover policy owners (or all Let’s Insure Accident Cover policy owners in the same group). If we make a change to your premium rate we will send you written notice at least 30 days prior to the effective date of the change, and that change will only be effective from the next anniversary date of your Policy.