Insurance Made For You

Insurance

You deserve a life filled with stability and peace of mind, and you can achieve this by taking out life insurance. Bupa life insurance enables your beneficiaries to get a lump sum payout when you die. With Bupa life insurance, you are assured of getting the policy that best suits you. You will be able to choose the cover that addresses your needs and the amount you know can comfortably take care of your family’s needs in the event of your demise.

Flexibility

Normally, you will need to take a medical examination in order to get life insurance. Bupa life insurance, however, does not require you to have a medical examination or blood tests. When you apply for this life insurance, you will be able to pick from several options, including cash insurance, funeral insurance or injury cash insurance. Your insurance application will be accepted as long as you meet the age limits. You will also be able to choose how you will make your payments, whether monthly or annually.

Products

There are several products available that you can pick from with Bupa life insurance. You can decide to take out death insurance, and you can select from death by any cause, death by accident, and terminal illness.

Features

You can apply for a maximum life cover amount of 500,000 dollars if you are between 56 and 64 years, but the maximum amount increases to 1,000,000 if you are in the age bracket of 16 to 55. You can apply for Bupa life insurance if you are a permanent Australian citizen. If your death is as a result of a car accident, then your beneficiaries will be eligible for motor vehicle accident payout. This is an additional 20 per cent, which will be paid out together with the death benefits.

The cover indexation benefit allows your insurance provider to increase your insurance amount every year to keep up with the prevailing inflation rate. Your insurance cover will normally be increased at a minimum rate of 5 percent. The funeral expense benefit will provide your family with an advance amount of 15,000 dollars to assist with the costs for your funeral. Your cover is guaranteed as long as you promptly pay your premiums. You will also get protection globally, 24 hours a day.

When you take out a life insurance policy, your premiums normally increase every year as you grow older. However, with Bupa life insurance, you will pay a fixed amount of premiums for the first three years, unless you decide to increase your cover within this time. If you decide to take a large amount of cover, then you will be eligible for discounts. Read: How To Get A Mortgage After Bankruptcy

Applying For Cover

It is important to read the product disclosure statement before making a decision to purchase life insurance. Bupa life insurers will offer you all the information you need to enable you to make an informed decision. After taking out the insurance cover, you may decide it is not what you wanted. Bupa insurers give you a window of 14 days within which you can cancel your policy. If you cancel the policy within this time, you are not penalized in any way and you receive a refund for any premiums you have paid.