Qantas award-winning life insurance

By Niko Iliakis ·
Fact Checked
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Life insurance is important if you want to ensure your family isn’t left struggling financially should something happen to you. But with so much variation on pricing, features and benefits, it can be difficult to find a policy that suits.

To make your search a little less daunting, Mozo’s team of data experts analysed pricing and cover information from 26 different life insurance providers, with the best policies recognised in this year’s Mozo Experts Choice insurance awards.

Qantas, which picked up an award in the Exceptional Quality Life Insurance category, was among the standouts. Its policy allows you to modify your level of cover so that it could better suit you, plus you could earn Qantas points whenever you pay your premium.

About Qantas

Founded in 1920, Qantas is Australia’s largest domestic and international airline and one of the country’s most recognisable brands. While its core business is air travel, it also provides a range of financial services, including credit cards, rewards programs and insurance.

Qantas’s life insurance is made possible through its partnership with TAL, an insurance group with more than 150 years of experience and 4.5 million Australian customers. Last year, TAL paid $2.7 billion in claims to Australians.

Qantas’s award-winning life insurance policy

Qantas’s life insurance policy lets you choose from the following options: Accident Cover, Illness Cover, and Adventure Sports Cover. Think carefully about which ones you’re most likely to need, because if your death is the result of an incident that’s not covered, you won’t receive a benefit payment.

Cover amounts range from $100,000 to $2,000,000, with the following benefits available.

  • Death benefit: if you pass away while covered by Qantas, a lump sum payment could be paid to you or your nominated benefit recipient.
  • Terminal illness: if your life insurance plan includes Illness Cover, you could be entitled to a lump sum payment if you are diagnosed with a terminal illness.
  • Funeral advancement: in the event of your death, Qantas may advance 10% of your benefit amount (up to a maximum of $25,000) to your family to cover funeral costs and other urgent expenses.
  • There’s also the option to add Premium Relief to your life insurance. This could waive or refund your life insurance premiums if you suffer an illness or accident and are unable to work for at least three consecutive months. There are a few conditions, so make sure to read the relevant section in the PDS closely.

On top of all this, you could earn Qantas points when you take out a policy, pay your premiums, and download and use the Qantas Wellbeing app. These can be redeemed for flights, hotels, hire cars and more. For a full list of products and services available, visit the Qantas website.

How to take out a life insurance policy with Qantas

To apply for Qantas life insurance, you must be between the age of 18 and 74 and either an Australian citizen, permanent resident, or New Zealand citizen residing permanently in Australia. Applications can be completed online or by calling 13 49 60.

As part of the application process, you’ll be asked to provide accurate information about your health, occupation and lifestyle. Depending on the level of cover you’re after, this might involve a review of relevant medical, financial and employment records.

If your application is approved, you will be notified and the cover you selected will commence. When making a claim, you can contact the Claims Team on 13 49 60, visit qantas.com/LifeInsurance, or send and email to hello@qantasinsurance.com.

For more information about our awards, as well as the full list of winners, be sure to visit our 2021 Mozo Experts Choice Awards methodology page.