The last thing anyone wants to do after a sudden health crisis or trauma is to worry about paying the bills.
ANZ Critical Illness Cover is a simple way to help protect you from the financial impact of a critical illness or injury, allowing you time to focus on your recovery.
Your ANZ Critical Illness Cover includes:
- Flexible premium options - choice of flexible payment options to suit you - pay monthly, fortnightly or annually.
- Easy to apply – apply online or over the phone, with no medical or blood tests required.
- Generous cover – up to $1,125,000 cover depending on your age, gross annual income and other life insurance held at the time of application*.
- Pay annually and save – enjoy a discount on your annual premium and avoid the hassle of monthly payments**.
- Immediate cover – you’ll be covered immediately once your application is accepted.
- Save with combined cover – combine your policy with your partner’s cover for a premium discount plus the peace of mind of knowing you’re both covered.
- Protection that grows with you – to keep up with inflation your Critical Illness Benefit increases each year^.
- You're covered 24/7 – cover applies 24 hours a day, 365 days a year.
- You can change your mind – if you cancel within the 21 day cooling off period you will receive a full refund of all premiums paid (provided you have not made any claims).
- Qantas Frequent Flyer points – you can start earning one point for every $1 of premium paid on eligible ANZ Critical Illness Insurance^^. Plus, if you are not already a Qantas Frequent Flyer member, for a limited time eligible policyholders can receive complimentary membership (saving you $82.50)+.
ANZ Critical Illness Cover could suit you
If you're between 18 and 59, an Australian or New Zealand citizen or hold an Australian Permanent Residency visa, are residing in Australia at the time of applying and receive the PDS in Australia, you're eligible to apply.
Get an ANZ Critical Illness Cover online quote today.
If you’re not sure what level of cover you need, make an appointment to see an ANZ Financial Planner. They can assist you in choosing the right cover for your circumstances.
* The maximum Critical Illness Benefit available is $1,125,000 for persons aged 18-44; $625,000 for persons aged 55-54; and $250,000 for persons aged 55-59.
** The discount will be included in the calculation of your annual premium amount as shown in your premium quotation.
^ Up to the maximum sum insured level for the age you were at the policy acceptance date. As your sum insured amount increases, your premium will also increase. Refer to the ‘Indexation’ section of the PDS for further details.
^^ANZ Critical Illness Cover is issued by OnePath Life Limited (OnePath) ABN 33 009 657 176, AFSL 238341. You must be a Qantas Frequent Flyer member and correctly register your Qantas Frequent Flyer membership details with OnePath to start earning Qantas Frequent Flyer points on eligible premiums you pay. Points are only earned on premiums you pay after OnePath has received your Qantas Frequent Flyer membership details. Points are earned in accordance with and are subject to the OnePath and Qantas Frequent Flyer Rewards Terms and Conditions (PDF 128kB). Membership and points are subject to Qantas Frequent Flyer program terms and conditions. Qantas does not endorse, is not responsible for and does not provide any advice, opinion or recommendation about these life insurance products or the information provided in this communication.
+Complimentary join fee waiver offered by OnePath. This complimentary offer may be withdrawn at any time.
Select your level of Critical Illness Benefit
We understand everyone has different needs and priorities. That’s why we’ve designed different levels of cover. Choose an ANZ Critical Illness Cover policy that suits your circumstances and budget.
Select your level of cover from $25,000 up to $1,125,000. The maximum allowable level of cover is based on a life insured's age, gross annual income and other life insurance held at the time of application:
- Ages 18-44 can apply for up to $1,125,000
- Ages 45-54 can apply for up to $625,000
- Ages 55-59 can apply for up to $250,000
How much is ANZ Critical Illness Cover?
ANZ Critical Illness Cover premiums vary depending on factors including your age, gender and smoking status. Here are some examples of how much it might cost:
- 35 year old male, non-smoker with $250,000 of cover costs $49.41 per month
- 30 year old female, smoker with $200,000 of cover costs $46.05 per month
Get an ANZ Critical Illness Cover quote now.
Making a claim under your ANZ Critical Illness Cover is simple just:
- call 13 16 14
- write to ANZ Critical Illness Cover, PO Box 4028 or 12/347 Kent St, NSW 2000
- send a fax to 02 9234 5015
- email DIclaims@onepath.com.au
OnePath Life will send you the claims forms you’ll need to fill in and return.
Documentation required for a claim.
If you need to make a claim, you will need supporting documentation for the event being claimed. The diagnosis and certification of the condition must be made by a medical practitioner approved by the insurer. It is also possible that medical reports and Medicare records may be required to properly assess the claim.
These frequently asked questions provide useful information about ANZ Critical Illness Cover.
| Why do I need ANZ Critical Illness Cover? |
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Critical Illness Cover could help financially support you and your loved ones should you suffer a critical illness or injury, such as cancer, heart attack or paralysis. There is no restriction on how the payout can be used. It could be used to pay off your mortgage and any other debts you have. Or to supplement your health insurance cover, to pay for out of pocket expenses, or even to take a recuperative holiday. |
| Can my spouse/partner be covered, too? |
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Yes, when you apply for ANZ Critical Illness Cover you can also apply for cover for your spouse/partner as a second life insured. You will remain the policy owner and principal life insured on the policy. |
| Can I add my spouse at a later date? |
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No, however if you wish for your partner to be covered they can call back later and apply for a separate policy. Unfortunately, neither you nor your partner will receive the combined cover discount if your partner is covered under a separate policy. |
| Can I nominate a beneficiary to receive my benefits? |
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No, you cannot nominate any beneficiaries as there is no Life Benefit payable under ANZ Critical Illness Cover. You as the policy owner are the only person who is entitled to receive any benefits under this policy in the event that a life insured suffers an insured event as described in the ANZ Critical Illness Cover Product Disclosure Statement and Policy. |
| Because I have life insurance, do I really need ANZ Critical Illness Cover? |
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Life insurance covers you in the long term in the event of death or terminal illness. ANZ Critical Illness Cover can provide a benefit if you suffer a critical illness or injury like a heart attack, cancer or paralysis which you can use to help cover your bills, medical expenses or any modifications to your home while you get back on your feet. |
| Do I have to take any medicals or blood tests? |
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There are absolutely no blood tests or medicals to take however, we do ask some occupation, health and pastime questions. |
| How much ANZ Critical Illness Cover do I need? |
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Everyone’s circumstances differ and we cannot advise you on your financial needs. You need to consider your personal circumstances and choose what you think is the most appropriate level of cover for you. If you require financial advice in determining your life insurance needs or require a higher level of cover than is available under ANZ Critical Illness Cover make an appointment to see an ANZ Financial Planner. |
| What if I don’t want my ANZ Critical Illness Cover anymore? |
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You can cancel your policy at any time. If you cancel within the 21 day cooling off period, and no claims have been made, you will receive a full refund of any premiums paid. If you cancel your policy after the cooling-off period, any monthly or fortnightly premiums you have paid will not be refunded. You will receive a pro rata refund where premiums are paid annually and you cancel the policy before the next annual payment is due. |
| Are there any qualifying periods? |
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Yes, the following specified conditions are subject to a qualifying period of 90 days after your policy commences, is reinstated or increased (in respect of the increase):
There is no Critical Illness Benefit cover and no benefit will be payable if the above condition(s) first occur, are first diagnosed, or the symptoms leading to the condition(s) first become reasonably apparent during the qualifying period. |
| Are there any exclusions? |
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Yes there are, these include any claim arising directly or indirectly from:
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| What is a Product Disclosure Statement & Policy (PDS)? |
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The PDS is a document which summarises the important information you should know about ANZ Critical Illness Cover, and is designed to assist you in deciding whether or not to purchase or keep this insurance product. You should read the ANZ Critical Illness Cover PDS and consider whether this product is right for you. |
| Who is the insurer? |
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ANZ Critical Illness Cover is issued by OnePath Life Limited – a registered life insurance company holding an Australian Financial Services License number 238341 – it is a wholly owned subsidiary of ANZ. |
| How secure is buying insurance online? |
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Latest technologies are used to ensure your details are kept confidential and secure. When you obtain a quote online you can tell if the connection between the servers and your computer is 'secure' if your browser displays a small closed lock ( |
) in the status bar at the bottom of the screen. You can also apply at this stage.| Are my premiums tax deductible? |
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No, generally premiums for this type of policy are not tax deductible*. |
| How are premiums calculated? |
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Premiums are based on the cover level you select, your age, gender, smoker status and your answers to health and lifestyle questions. In general terms, the healthier you are, the lower your premiums will be. |
| How can premiums be paid? |
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You can pay your premiums either on a fortnightly, monthly or annual basis. If you pay annually, a discount will apply. The discount will be included in the calculation of your annual premium amount as shown in your premium quote. |
| What if I change my mind? |
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You can cancel your policy at any time by contacting us on 13 16 14. If you cancel within the 21 day cooling-off period, and no claims have been made, you will receive a full refund of any premiums paid. If you cancel your policy after the cooling-off period, any monthly or fortnightly premiums you have paid will not be refunded. You will receive a pro rata refund where premiums are paid annually and you cancel the policy before the next annual payment is due. |
* Taxation legislation or its interpretation may change, please seek your own independent tax advice.
ANZ Critical Illness Cover is issued by OnePath Life Limited (OnePath Life) (ABN 33 009 657, 176 AFSL 238341). OnePath Life is a wholly-owned subsidiary of Australia and New Zealand Banking Group Limited (ANZ) (ABN 11 005 357 522, AFSL 234527) an authorised deposit-taking institution (Bank) under the Banking Act 1959 (Cth). OnePath Life is the issuer of the product but it is not a Bank. Except as set out in the issuer’s contract terms (including the PDS), this product is not a deposit or other liability of ANZ or its related group companies. None of them stands behind or guarantees the issuer. The information provided is of a general nature and does not take into account your personal needs and financial circumstances. You should consider the appropriateness of the information, having regard to your objectives, financial situation and needs. You should read the ANZ Critical Illness Cover Product Disclosure Statement and Policy (PDF 208kB) and ANZ Financial Service Guide (PDF 136kB) and consider whether this product is right for you.
This information is current at June 2011 and is subject to change.
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