We compare life insurance quotes online from 10 different insurance companies
COMPARE QUOTES
Compare Life Insurance Quotes Online, including quotes for TPD Insurance, Trauma Insurance and Income Protection, from 10+ insurance companies to find the best deals.
COVER CALCULATOR
Our Online Life Insurance Calculator estimates how much Life & TPD Insurance, Trauma Insurance and Income Protection Insurance you might need.
INSURERS REVIEWED
Compare Australia’s biggest Life Insurance companies. Read reviews & find out who customers rate the best. Review your insurer & win an Apple Watch Series 6
GET ADVICE
Unsure what insurance is right for you? Our advisers can recommend the best Life, TPD, Trauma & Income Protection for your needs. We do not charge Advice fees.
Compare Life Insurance Quotes
Don’t pay too much! We compared the life insurance quotes from our insurers to some of the direct insurance offers you may have seen on TV. The results? Our premiums were much lower (in some cases half the cost!). See Comparison
Why Insurance Watch is different
Since 1999 we have been trusted by thousands of Australians to save money on their insurance cover. Compare quotes online without providing personal information and without any sales pressure. Easy online application. About us
Insurance Watch 10% cashback
To thank you for using our online service Insurance Watch will refund 10% of your premiums in the first year of your policy. You won’t get this deal going direct to the insurer! Our Discount
Assistance with Claims and ongoing service
We don’t charge any fees. But when you take out a policy through Insurance Watch you have access to our qualified in-house advisers to review your policy over time and provide their expertise should you need to make a claim. Our services
Life Insurance and TPD Insurance
What is Life & TPD insurance? Tips and traps to find the best cover. Life & TPD claims information.
Income Protection
What is Income Protection? Tips and traps on finding the best cover and claims information.
Trauma Insurance
What is Trauma insurance? Tips and traps to find the best benefits. Trauma claims information.
Life Insurance Comparison
| Insurance Watch – NEOS | $27.40 |
|---|---|
| Allianz Life | $ 40.33 |
| Qantas Life | $ 47.55 |
| AHM Life | $ 56.34 |
| Medibank Life | $ 59.30 |
| NIB Life | $ 63.00 |
| Insuranceline Life | $ 63.24 |
| NRMA Life | $ 63.53 |
| HCF Life | $ 65.00 |
| AAMI Life | $ 66.50 |
| Suncorp Life | $ 66.50 |
Monthly Premiums for $500,000 life cover for a 40 year male non-smoker as at 2nd December 2020 (excludes membership or other discounts and before the Insurance Watch 10% Cashback*)
Pay Your Premiums With Super
Many of the insurance companies we feature will allow your Life/TPD insurance and Income Protection insurance premiums to be paid out of your existing superannuation fund. Some insurers will even give you a 15% discount if you pay in this way. Interested? Compare life insurance quotes or seek advice from one of our qualified advisers.
Tax Deductions
Tax deductions can be handy at tax time. Did you know that income protection insurance premiums can be fully tax deductible? This means when considering the cost of income protection you should look at the after tax cost. We show you the savings you can make by claiming your tax deduction. Compare income protection quotes and find a great deal.
“I recently experienced my husband passing away suddenly through an accident. Whilst grieving a loss, it is not an easy time to approach any form of personal business matters. My claim for insurance also had complexities attached to it. Donna at Insurance Watch was compassionate and caring. Her personal manner and expertise of insurance matters was an invaluable resource to me. Insurance Watch aim to be more than a seller of insurance. They are there to stand between the Customer and the Insurer. I experienced this first hand. They completed this role in an approachable and yet very professional manner. In all communications from the Insurer there was respect toward Insurance Watch which indicated to me the value of them as an Insurance Broker. I am so glad that we have Insurance Watch as our Insurance Broker as they extend continued care and support as part of their customer service. Thank you.”
- Ingrid (WA)“I don’t know how I can thank you for all your support and guidance through the whole claims process. One thing I will be doing is telling all my family and friends if they need life/Trauma insurance is to go through you and Insurance Watch. Insurance Watch is a credit to the insurance industry.”
- Dayne (WA)"I have been meaning for the past month to email and thank you for all your help at such short notice at the end of February. Everything is now in place with my life insurance and I feel so much better!! I hope you don't mind, but I have passed your details on to a friend of mine."
- Ann (NSW)Hot Topics
Why insurance from your super fund may not be so super!
Insurance for Self Managed Super Funds or SMSFs
Why do I need life insurance in my 50s and 60s?
Life Insurance and Income Protection for Doctors
Stepped vs Level Premiums
Tax Deduction for income protection policies
Australian Insurance Claims Statistics – Comparison
Latest Insurance Discounts and Offers
Videos
Commonly Asked Questions:
How much does Life Insurance cost in Australia?
In December 2020 the average cost of $500,000 life insurance cover for a 40 year-old, male non-smoker is around $30 a month for policies from a life insurance broker. The same insurance will cost $40.33 to $76.50 a month from “direct to the public” brands promoted on TV. See premium comparison
Which Life insurance is the best in Australia?
The “best” life insurance policy for you will depend upon your age, gender, smoker status, pastimes, health and occupation. As insurers rate these differently it is important to compare premiums from a range of insurers, as well their policy benefits, claims statistics and customer reviews. To find the right policy to meet your needs you should seek advice.
Who has the cheapest Life insurance?
Policies from life insurance advisers/brokers are generally cheaper than buying direct life insurance policies. Superannuation funds can also provide low cost insurance cover. The best way to find the cheapest cover is to shop around.
How do you compare life insurance and find the best value deals?
To find the best deals ensure that you are comparing policies from a wide range of insurers, including the largest life insurance companies in Australia. Compare quotes online so that you are not pressured into a purchase over the phone. Check what incentives and discounts are on offer to lower the price.