Life Insurance Companies Offering Healthy Living Rewards
Life insurers in Australia are being more proactive in promoting a healthy lifestyle with reward systems. In this way, insurers are investing in the long-term well-being of their customers.
Living a healthier life is in everyone's interest. By exercising and eating healthy you'll live longer, providing more financial security to your family, while also supporting the insurer’s financial goal. It's a win-win.
We’ve listed some of the top life insurance companies in Australia that offers healthy living rewards and discounts.
What are health and wellness incentive in life insurance?
Regular exercise, a proper diet and not smoking can prevent a host of illnesses and conditions. However, staying motivated is difficult.
Policy Maximum Cover Maximum Entry Age Expiry Age NobleOak Direct Life Insurance Protect your family with Life Insurance and pay on average 20%* less when compared with other insurers. T & Cs apply. Consider the PDS. Issuer is NobleOak Life Limited ABN 85087648708. AFSL 247302.
When participating in such a program, you generally have the opportunity to save money on your policy premiums and earn valuable rewards and discounts. The amount you save and the type of rewards you'll receive is generally dependent on the insurer you choose and your level of program participation.
Life insurance providers that reward members for living a healthy lifestyle
Many life insurance companies in Australia have some type of reward system in place for members participating in health assessments, tracking, or improvement activities.
We highlight some of the life insurance companies leading the industry with innovative health and wellness incentives.
Compare life insurance rewards programs
|Healthy Living Program||Rewards||Availability|
|AIA Vitality Health Rewards||12.5% initial discount on life, trauma and TPD insurance. New members will also receive a 7.5% discount on income protection and business expense insurance.||New and existing customers.|
|AMP Elevate Healthy Start||10% discount for 5 years on new life and TPD policies.||New customers. |
From 2 Dec 2017 to 2 Dec 2018.
|Asteron Healthy Life Discount||Up to 25% on life cover. |
Up to 15% on TPD.
5% discount on trauma cover.
|New and existing customers.|
|Clearview Health Maintenance||10% discount built into your first year’s premium.||New and existing customers.|
|MLC On Track||5% off your life insurance premiums.||New customers. |
From 2 October 2017 onwards.
|TAL Health Sense||7.5% off life, critical illness and/or TPD. |
Up to 15% when packaged together with income protection or business expense insurance.
|New customers. |
From 1 April 2017.
Many Australian companies are promoting a healthy lifestyle using a reward system. However, the type of policy you choose should be based on your personal insurance needs. View life insurance health rewards as a savings opportunity and a means of getting the policy you want to fit your budget.
Before making a commitment to a life insurance company, be sure to compare policies and review the benefits and features, along with price side-by-side.
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