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Insuranceline funeral insurance review
Receive a benefit of up to $15,000 and get peace of mind there's no maximum expiry age with Insuranceline Funeral Insurance.
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There can be countless costs involved in death. From the cemetery fees, medical costs and the funeral service; you don't want to leave your family struggling to pay for these when you're gone. Instead, consider a funeral insurance policy from Insuranceline.
Our Verdict:
- Insuranceline's owner TAL has a policy cancellation rate of just 4.9%, which is lower than the industry average of 6.7%, according to recent Moneysmart figures.
- Insuranceline doesn't set a maximum expiry age limit and so your policy won't end as long as you keep up with your payment plan. This isn't the case with Medibank or Real Funeral Cover.
- You can't add a terminal illness option to your plan. Terminal illness cover pays a benefit if you're diagnosed with an illness you won't recover from.
Review by our insurance senior writer James Martin
| Maximum sum insured | $15,000 |
|---|---|
| Age of entry | 25 to 80 |
| How do I apply? | Online with Insuranceline |
Note: The following is based on the life insurer TAL Direct Pty Limited. TAL Direct Pty Limited is the actual insurer behind brands like Insuranceline Funeral insurance and a few others.
| Claims data | TAL | Industry Average |
|---|---|---|
| Claims acceptance rate | 100% | 99.3% |
| Average claim time (months) | 0.6 | 0.7 |
| Disputes per 100k lives | 7.2 | 7.1 |
We looked at Moneysmart data for claims over 1 January 2020 to 31 December 2020. The statistics above reflect funeral insurance claims for direct policies.
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What we liked about Insuranceline Funeral Insurance
Insuranceline offers up to $15,000 in cover to help your family take care of these expenses and use the money how they like. Some of the highlights include a fast payout and a 10% loyalty bonus in cover. Click the dropdown below to find out more:
Enhance your Insuranceline Funeral Cover with additional options
Insuranceline also offers you the option to add extra protection to your funeral insurance cover, with the choice of:
- Extra accidental death cover: You can increase the benefit amount for accidental death to $50,000 if you die suddenly as the result of an accident.
You can apply for funeral insurance with Insuranceline if you are 25 to 80 years old and meet Australian residency requirements.
What won't the Insuranceline Funeral Insurance policy cover?
For the first 12 months of your policy, cover is provided for accidental death only, so death by any other cause during this period will not be covered.
In addition, if you choose to add Extra Accidental Death Cover to your policy, no cover is available in the following circumstances:
- Actual or attempted self-inflicted injury or suicide
- Participation in illegal or criminal activity
- Being under the influence of alcohol or any drug not prescribed by a medical practitioner
- War, hostilities or war-like operations, whether it's declared or not, outside of Australia or New Zealand. Note: This does not include terrorism.
- Working in a dangerous occupation, e.g. in an underground mine or as a window cleaner above 20 metres
- Participating in dangerous activities e.g. professional sports, hang gliding, motor sports, diving to depths of more than 30 metres underwater
- Flying in an aircraft (except as a fare paying passenger or aircrew on a licensed commercial aircraft)
Who is eligible for the Insuranceline Funeral Insurance Policy?
- You are aged between 25 and 80 years.
- You can apply over the phone and are guaranteed acceptance.
- Eligible to Australian citizens, permanent residents, or New Zealand citizens residing in Australia. There are no medical tests to undergo or health questions to answer. Accidental Death Cover begins as soon as you have purchased your policy.
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Ask an Expert
My wife just passed away. I would like to know the procedure how to make a claim.
Hi David,
I’m very sorry to hear about your wife.
In order to lodge a claim with Insuranceline funeral insurance, you can call them on 13 77 87.
If you want to send them an email, you can do so through their Contact Us page on their website. You’ll also find other contact details on the same page.
You can find more about the claims process through Insuranceline’s claims page.
I hope this helps.
Best regards,
James