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We compare life insurance quotes online from 10 different insurance brands


Compare Life Insurance Quotes Online, including quotes for TPD Insurance, Trauma Insurance and Income Protection, from 10+ insurance companies to find the best deals.


Our Online Life Insurance Calculator estimates how much Life & TPD Insurance, Trauma Insurance and Income Protection Insurance you might need.


Compare Australia’s biggest Life Insurance companies. Read reviews & find out who customers rate the best. Review your insurer & win an Apple Watch Series 7


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.

Review your insurer to win an Apple Watch

Instant Insurance Cover With No Medicals

Compare Life Insurance Quotes & Save

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. Compare quotes online without providing your personal information. No phone calls from salespeople pressuring you to buy! 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 Cashback Offer

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 Insurance and TPD Insurance?


Cover for death, terminal illness and total and permanent disability (TPD).  Find out how to compare Life and TPD insurance policies




Income Protection

What is Income Protection Insurance?


Cover for an illness or injury which stops you from working and being able to earn an income.  Find out how to compare income protection policies




Trauma Insurance

What is Trauma Insurance?


Cover for a number of major illnesses such as cancer, heart attack and stroke.  Find out how to compare trauma insurance policies



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*)

More Premiums Compared

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.


Get Advice

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.


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I received the payment already. Thank you so much for your help and support and advice throughout this process. This is a big relief for me and my family. You are right we've been through a difficult time recently.

- Voytek (VIC)

I guess persistence pays off in the end and you have been a great help to achieve some savings for me over the next 2-3 years. I will definitely recommend your company to friends and family.

- Michael (NSW)

Many thanks for your assistance. This is now 30% cheaper than my old policy, without compromising on the value. I am very happy with the extensive comparison tools you provide on the Insurance Watch website, and once again very satisfied with the support.

- William (VIC)

More Testimonials

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Latest Insurance Discounts and Offers


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.