EasyProtect Life Insurance

EasyProtect Life

OnePath’s EasyProtect Life insurance makes it easy to protect your debts and dependants - helping you secure your family’s future

Get an online life insurance quote.

Overview

EasyProtect Life insurance from OnePath is a simple and easy way to protect your family from the financial consequences of your death. It pays a lump sum which can be used to help eliminate any debts and cover your family’s day-to-day expenses, providing them with the security they need for their future.

You can choose a level of cover that suits your circumstances and budget.

What does EasyProtect Life insurance cover you for?

EasyProtect Life insurance pays a lump sum if you die, with an advance payment of the full Life Benefit if you are diagnosed as terminally ill and expected to live less than 12 months.

You can choose to add the optional Major Illness and Injury Benefit to your policy, for an extra cost from less than $1 a day~, giving you additional financial protection against eight specified major illnesses and injuries.

Who is EasyProtect Life insurance for?

EasyProtect Life insurance is suitable for anyone aged between 18 and 59 who is an Australian or New Zealand citizen, or holds a Permanent Residency Visa, and is currently residing in Australia at the time of applying. But it’s particularly important if you have debts or dependants.

~ For less than an additional $1 a day, a 35 year old non-smoking male can add a $200,000 optional Major Illness and Injury Benefit to his $400,000 Life Benefit.
^ Life Benefit up to $1,500,000 only available to persons aged 18-44, up to $750,000 to persons aged 45-54 and up to $250,000 for persons aged 55-59.
+ The discount will be included in the calculation of your annual premium amount as shown in your premium quotation.

* You must be a Qantas Frequent Flyer member and correctly register valid membership details with OnePath to start earning Qantas Points on eligible OnePath premiums you pay. Points are earned in accordance with the ‘OnePath and Qantas Frequent Flyer Rewards Terms and Conditions’. Membership and points are subject to Qantas Frequent Flyer program terms and conditions available at qantas.com/frequentflyer. Points are only earned on premiums you pay after OnePath has received your Qantas Frequent Flyer membership details. Qantas does not endorse, is not responsible for and does not provide any advice, opinion or recommendation about these life insurance products.

EasyProtect Life is issued by OnePath Life Limited (OnePath Life) (ABN 33 009 657, 176 AFSL 238341). OnePath Life is a wholly owned subsidiary of Australia and New Zealand Banking Group Limited (ANZ) ABN 11 005 357 522, an authorised deposit taking institution (Bank) under the Banking Act 1959 (Cth). OnePath Life is the issuer of the product but it is not a Bank. Except as set out in the issuer’s contract terms (including the Product Disclosure Statement (PDS)), this product is not a deposit or other liability of ANZ or its related group companies. None of them stands behind or guarantees the issuer. The information provided is of a general nature and does not take into account your personal needs and financial circumstances. You should consider the appropriateness of the information, having regard to your objectives, financial situation and needs. You should read the PDS and consider whether this product is right for you.

Main benefits

Life insurance key features

  • Affordable premiums - Choose a level of cover that suits your circumstances and budget.
  • Save with combined cover - If you take our cover for yourself and also for your partner, we’ll apply a discount to the premium in respect of your partner. Plus, you’ll have the peace of mind of knowing you’re both covered.
  • Easy application process - Apply online or over the phone, with no medicals or blood tests required.
  • Cover up to $1,500,000^ - The maximum cover available to you depends on your age.
  • Immediate acceptance - If your application is accepted, you’ll be covered immediately.
  • Protection that grows - Your level of cover increases each year to keep up with inflation.
  • Flexible payment options - Pay your premiums fortnightly, monthly or annually.
  • Pay annually and save - Enjoy a discount on your premium and avoid the hassle of monthly payments+
  • Worldwide cover - Stay protected, even if you’re overseas.
  • Benefits where they’re needed - Nominate up to five beneficiaries to receive the Life Benefit payable, including the primary beneficiary who will be eligible receive the $15,000 Advanced Assistance Benefit.
  • Qantas Frequent Flyer points - you can start earning 1 point for every $1 of premium paid (terms and conditions apply*).

Boost your EasyProtect Life cover with the Major Illness and Injury Benefit – optional cover

Available as an affordable addition to your Life Insurance policy, the Major Illness and Injury Benefit pays a lump sum if you suffer a major illness or injury – like cancer, heart attack or paralysis.

~ For less than an additional $1 a day, a 35 year old non-smoking male can add a $200,000 optional Major Illness and Injury Benefit to his $400,000 Life Benefit.
^ Life Benefit up to $1,500,000 only available to persons aged 18-44, up to $750,000 to persons aged 45-54 and up to $250,000 for persons aged 55-59.
+ The discount will be included in the calculation of your annual premium amount as shown in your premium quotation.

* You must be a Qantas Frequent Flyer member and correctly register valid membership details with OnePath to start earning Qantas Points on eligible OnePath premiums you pay. Points are earned in accordance with the ‘OnePath and Qantas Frequent Flyer Rewards Terms and Conditions’. Membership and points are subject to Qantas Frequent Flyer program terms and conditions available at qantas.com/frequentflyer. Points are only earned on premiums you pay after OnePath has received your Qantas Frequent Flyer membership details. Qantas does not endorse, is not responsible for and does not provide any advice, opinion or recommendation about these life insurance products.

EasyProtect Life is issued by OnePath Life Limited (OnePath Life) (ABN 33 009 657, 176 AFSL 238341). OnePath Life is a wholly owned subsidiary of Australia and New Zealand Banking Group Limited (ANZ) ABN 11 005 357 522, an authorised deposit taking institution (Bank) under the Banking Act 1959 (Cth). OnePath Life is the issuer of the product but it is not a Bank. Except as set out in the issuer’s contract terms (including the Product Disclosure Statement (PDS)), this product is not a deposit or other liability of ANZ or its related group companies. None of them stands behind or guarantees the issuer. The information provided is of a general nature and does not take into account your personal needs and financial circumstances. You should consider the appropriateness of the information, having regard to your objectives, financial situation and needs. You should read the PDS and consider whether this product is right for you.

Cover options

Customise your life insurance policy

Choose a Life Insurance policy that suits your circumstances and budget.

Options to customise: What this means to you:

Life Benefit – cover level*

You can choose your level of cover – from $50,000 through to $1,500,000.
The maximum amount you can apply for is based on your age when you apply:
Ages 18-44 can be covered up to $1,500,000
Ages 45-54 can be covered up to $750,000
Ages 55-59 can be covered up to $250,000

Optional Major Illness and Injury Benefit*

For an additional premium, you can nominate any amount from $25,000 up to 50% of your Life Benefit sum insured as a Major Illness and Injury Benefit. This amount will be paid if you are diagnosed with one of eight specified conditions and meet the relevant qualifying period:

  • cancer
  • chronic kidney failure
  • coronary artery by-pass surgery
  • heart attack
  • multiple sclerosis
  • paralysis
  • severe burns
  • stroke

Note: The Life Benefit sum insured will be reduced by the amount of any Major Illness and Injury Benefit paid.

How affordable is life insurance?

Life Insurance premiums vary depending on factors like your age and gender. Here are some examples of how much it might cost:

  • 25 year old male, non-smoker with $100,000 of cover costs $11.62 per month
  • 30 year old female, non-smoker with $300,000 of cover costs $16.81 per month
  • 35 year old male, non-smoker with $250,000 of cover costs $19.37 per month
  • 40 year old female, smoker with $200,000 of cover costs $24.37 per month
  • 50 year old female, non-smoker with $150,000 of cover costs $29.33 per month

Why not Get a life insurance quote now?

~ For less than an additional $1 a day, a 35 year old non-smoking male can add a $200,000 optional Major Illness and Injury Benefit to his $400,000 Life Benefit.
^ Life Benefit up to $1,500,000 only available to persons aged 18-44, up to $750,000 to persons aged 45-54 and up to $250,000 for persons aged 55-59.
+ The discount will be included in the calculation of your annual premium amount as shown in your premium quotation.

* You must be a Qantas Frequent Flyer member and correctly register valid membership details with OnePath to start earning Qantas Points on eligible OnePath premiums you pay. Points are earned in accordance with the ‘OnePath and Qantas Frequent Flyer Rewards Terms and Conditions’. Membership and points are subject to Qantas Frequent Flyer program terms and conditions available at qantas.com/frequentflyer. Points are only earned on premiums you pay after OnePath has received your Qantas Frequent Flyer membership details. Qantas does not endorse, is not responsible for and does not provide any advice, opinion or recommendation about these life insurance products.

EasyProtect Life is issued by OnePath Life Limited (OnePath Life) (ABN 33 009 657, 176 AFSL 238341). OnePath Life is a wholly owned subsidiary of Australia and New Zealand Banking Group Limited (ANZ) ABN 11 005 357 522, an authorised deposit taking institution (Bank) under the Banking Act 1959 (Cth). OnePath Life is the issuer of the product but it is not a Bank. Except as set out in the issuer’s contract terms (including the Product Disclosure Statement (PDS)), this product is not a deposit or other liability of ANZ or its related group companies. None of them stands behind or guarantees the issuer. The information provided is of a general nature and does not take into account your personal needs and financial circumstances. You should consider the appropriateness of the information, having regard to your objectives, financial situation and needs. You should read the PDS and consider whether this product is right for you.