To help ensure your insurance keeps up with you whenever you take a big step forward – like buying a new home or starting a family, you have the opportunity to take advantage of our specific life events cover.
This feature allows you to increase your unitised cover by one additional unit or under fixed benefit cover, by 25% of your current sum insured up to a maximum of $200,000, without the need to complete lengthy paperwork or supply medical information.
To obtain the additional cover under this feature, you must apply within 6 months of:
- getting married
- the birth or adoption of a child/children
- buying a house (your principle place of residence only)
- taking out a mortgage or negotiating an increase to your existing mortgage (your principle place of residence only)
- taking out a business loan in excess of $100,000
- increasing an existing business loan, by at least $100,000 (excluding re-draw and refinancing).
How to apply
You will need to provide proof that the event has occurred. If you have Death Only cover, the increase will be for Death Only cover. If you have Death and TPD cover, the increase will apply to both types of cover.
Apply for specific life events cover
You can take up one life event cover increase every 12 months, three increases in total in the lifetime of your membership.
If you have been previously declined in your application for insurance by the insurer you will not be eligible for the Specific life events cover.