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AXA Australia

AXA Life Insurance

AXA Australia is one of the branches of the Global AXA Group, an internationally respected financial group. AXA Australia has been supporting Australians for more than 100 years in financial matters, including investment, insurance, and superannuation. AXA offers life insurance, trauma insurance, and total and permanent disability insurance (TPD).

The life insurance plan is available as just life insurance and the life insurance superannuation plan. Under the life insurance, the insured person will receive a lump sum benefit when the insured dies or is diagnosed with a terminal illness that leaves the insured less than twelve months to live. By default, this plan has a terminal illness benefit, financial plan benefit, 24 hour worldwide cover, indexation benefit, interim accident death cover, upgrade of benefits, advancement of funeral expenses, and an accommodation benefit. Also, the policy will be considered void if the insured commits suicide within the 13 months of taking out this plan.

The life insurance superannuation plan comes in two kinds: stepped and level. The stepped has an entry age of 11 to 70 next birthday while level has 11 to 65 next birthday for this plan. For both types of the superannuation plan, the policy has a minimum initial sum insured of $50,000 and there is no maximum cover level. Similar to several other superannuation plans, this plan also has strict requirements in order for this to work. For instance, two registered medical practitioners must determine that the insured has a terminal disease that leaves only twelve months to live before this policy will payout.

Between the two plans of the life insurances offered by AXA Australia, there are some noticeable differences that people should be aware of. In contrast to what some may expect, the life insurance plan is more thorough than the life insurance superannuation plan in the sense that only those with life plan can have the financial plan benefit, advancement of funeral expenses benefit, and the accommodation benefit. Furthermore, the life insurance plan has many more possible optional benefits available than life insurance superannuation plan.

Use the form on the right hand side of this page and one of our expert consultants will call you to discuss your specific needs; in most cases we are able to tailor a Life Insurance policy to your needs. We can also help you decipher anything you do not understand and provide you with a free, no obligation, life insurance quote.