Children are highly dependent on their parents at the best of times, let alone when they’re seriously ill or injured; and the death of a child doesn’t bear thinking about.

Our Children’s Cover can pay you a lump sum of up to $50,000 should your insured child die, be diagnosed with a terminal illness, or suffer one of 14 specified illnesses or injuries.

This would allow you to take time off work to grieve or provide extra care and support for your child. 

What’s covered

Children’s Cover can be added as an option to your Life Cover policy. It insures your child against:

  • death, due to an accident or illness
  • terminal illness that results in a life expectancy of less than 12 months
  • specified illnesses and injuries, namely:
    • Benign Brain Tumour
    • Cancer
    • Cardiomyopathy
    • Loss of Hearing
    • Ecephalitis
    • Chronic Kidney Failure
    • Loss of Sight
    • Loss of Speech
    • Loss of Use of Limbs and/or Sight
    • Major Head Trauma
    • Major Organ Transplant
    • Meningitis
    • Paralysis
    • Severe Burns
    • Stroke.

How much cover can I get?

You can apply for between $20,000 and $50,000 of Children’s Cover, up until your child turns 17 years old.

Find out more

The information on this page is a summary only. For more details about Budget Direct’s Children’s Cover, including the terms, conditions, limits and exclusions that apply, please read the product disclosure statement (PDS).

Get a quote

You can apply for cover for your child if he or she is an Australian resident aged between 2 and 17 years (next birthday).

You won’t need to fill out complicated forms and your child won’t be required to have a medical check-up or blood test.

To get a quote, call us on 1800 555 048.

How to make a claim

If you need to make a claim, we’re here to help you through the process as quickly, efficiently and compassionately as we can.

Make a claim on your Children’s Cover life insurance policy

Frequently asked questions

Is there a waiting period?

Yes – you can only claim for specified illnesses or injuries that occur or become apparent more than three months after:

  • your application is accepted
  • any non-indexation increase in your cover (but only in respect of the increase)
  • your policy is reinstated (after lapsing).

My child has a pre-existing medical condition – can I still get cover for him?

Yes, however if we agree to a special term with you that specifically excludes that condition, you will be unable to claim for an illness or injury resulting from that condition. 

What evidence is required in support of a claim?

The terminal illness or specified illness or injury must be certified by a medical practitioner approved by us; and the diagnosis must be confirmed by test results.

How long is my child covered for?

We guarantee to renew your child’s cover until the policy anniversary following his or her 21st birthday (unless the cover ends sooner, for example if you make a policy-ending claim).

See all life insurance FAQs

Want more cover?

Aside from Children’s Cover, there are two other types of life insurance – Trauma, and Total and Permanent Disability (TPD) cover – you can bundle with your Life Cover.

We also offer two standalone policies: Income Protection Cover; and Accidental Death Insurance.

Compare different types of life insurance

Get a Simply Smarter Quote

Get a Quote

Get a 10% Existing Customer Discount

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