I’m looking for cover
On 28 June 2018, Budget Direct temporarily stopped offering life insurance quotes to new customers.
We apologise for any inconvenience this may cause you.
Budget Direct will resume offering life insurance to new customers in the near future.
In the meantime, you may wish to use our life insurance calculator to estimate how much life insurance you might require.
I’m a policyholder
Though we’ve temporarily stopped offering life insurance to new customers, existing policyholders – including those with TPD Cover – will continue to be covered.
If you’re an existing Life Cover policyholder and don’t already have it, you have the option of adding TPD Cover to your policy. You can do this by calling us on 1800 555 048.
What’s covered?
TPD Cover can pay you a lump-sum benefit of up to $1,000,000 if, as result of sickness or injury, you:
Lose the use of your limbs and/or sight
You totally and permanently lose any of the following:
- use of both hands
- use of both feet
- sight of both eyes (6/60 or less)
- use of one hand and one foot
- use of one hand and the sight of one eye
- use of one foot and the sight of one eye.
Are unable to work
If you are not a homemaker: Due to physical or mental incapacity, you are off work for at least three consecutive months; and unable to ever work again in any occupation for which you are reasonably suited by education, training or experience.
If you are a homemaker: Due to physical or mental incapacity, you are confined to your home and incapable of performing domestic duties for at least three consecutive months; and unable to ever again perform domestic duties or work in any occupation for which you are reasonably suited by education, training or experience.
Cannot live independently
You are permanently unable to perform daily tasks – like showering, dressing, eating, toileting and getting around – without the assistance of someone else or the use of special equipment; or have a cognitive impairment that requires you to be constantly supervised for at least six months.
How much cover can I add?
The following table shows the maximum amount of TPD Cover you can apply for – depending on your age and the amount of Life Cover you have:
Age (next birthday) when cover starts |
Maximum benefit amount* |
|---|---|
18 – 44 |
$1,000,000 |
45 – 54 |
$750,000 |
55 – 59 |
$500,000 |
* The maximum benefit amount cannot exceed your Budget Direct Life Cover benefit amount. For example, if you were 30 years old and had $750,000 of Life Cover with us, the maximum amount of TPD Cover you could apply for would be $750,000.
...and how much do I need?
You know how much cover we’ll give you, but how much do you actually need?
Use our life insurance calculator to get an indication of how much cover you need
Find out more
The information on this page is a summary only. For more details about Budget Direct TPD Cover, including the terms, conditions, limits and exclusions that apply, please read the product disclosure statement.
Manage your policy
To view your policy details, log into Policy Manager; if you’d like to ask about or change your policy details, please contact us:
1800 555 048
[email protected]
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.
Frequently asked questions
Got a question about life insurance? Find the answers to our customers’ frequently asked questions.
