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Get a 10% Existing Customer Discount

A 10% existing customer discount for new Budget Direct Life Insurance policies.

Budget Direct Life Insurance at a Glance

  • No medicals or blood tests
    Apply over the phone or online with no medicals required
  • Cover up to $1 million
    Budget Direct Life Cover ranges from $50,000 to $1 million (depending on age)*
  • Flexible payment options
    Pay annually, monthly or fortnightly at no extra charge
  • $10,000 Advanced Funeral Benefit
    Receive an advance payment to assist with funeral costs*
  • Peace of mind when you need it most
    Policies are backed by the 3rd largest reinsurer in the world, Hannover Life Re
  • Claim immediately on terminal illness
    Claim immediately if diagnosed with a terminal illness and when life expectancy is under 12 months
  • Extra protection
    Add optional benefits to your Budget Direct Life Cover to suit your needs and budget*

Budget Direct Life Cover & Express Life Cover

Protect your loved ones with Budget Direct Life Insurance if you become terminally ill or pass away.

Our Life Insurance policies (Life Cover & Express Life Cover) offer protection for terminal illness and death by providing a lump sum benefit. The benefit enables your loved ones to continue their lifestyle by paying bills, debts and expenses (such as a mortgage, school fees, and car loans).

Optional Benefits

As optional benefits to Budget Direct Life Cover only, you can also apply for:

Budget Direct Total & Permanent Disability (TPD) Cover

  • Protection for a permanent disability that prevents you from working or managing your home ever again
  • This benefit could be used for ongoing rehabilitation, modifications to your home, or a housekeeper while continuing to pay ongoing expenses, such as groceries, a mortgage or school fees
  • Cover from $50,000 to $1 million (depending on age and Life Cover benefit amount)
Learn More

Budget Direct Trauma & Trauma Plus Cover

  • Protection for a range of serious illnesses and injuries, such as cancer, heart attack, and stroke
  • This benefit could help you meet expenses while you take time off from work or home duties to recover
  • Cover from $25,000 to $500,000 (depending on age and Life Cover benefit amount)
  • Budget Direct Trauma Plus Cover protects you for additional illnesses and injuries, such as intensive care or a major organ transplant
Learn More

Budget Direct Children's Cover

  • Protection for a range of serious illnesses and injuries and terminal illness
  • This benefit could help support your loved ones while you take time off from work or home duties to care for your child
  • Cover from $25,000 to $50,000
Learn More

*Application is subject to underwriting. Refer to the PDS for full details.

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