Life Insurance Health and Wellness Incentives
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Life insurers in Australia are proactive in promoting healthy living, with the choice of a variety of insurance rewards programs. In this way, insurers are investing in the long-term wellbeing of their customers.
The purpose of life insurance health and wellness incentives is to encourage you to adopt and maintain a healthy lifestyle, which helps reduce your risk of developing chronic illnesses and dying prematurely. Insurance rewards are also one of the ways companies promote their products by, for example, giving you premium discounts, shopping vouchers and free movie tickets.
We’ve listed some of the most significant life insurance companies in Australia that rewards you for maintaining a healthy life.
Buy Life Insurance Directly
|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.|
|Zurich Ezicover Life Insurance|| |
|Get your first month’s premium waived. Plus, receive a 10% discount on the second life insured when two applications are submitted at the same time, and both policies are issued. Ts & Cs apply. Consider the PDS.|
How does it work?
When participating in such a program, you generally have the opportunity to save money on your policy premiums and/or earn valuable rewards and discounts. The amount you save, the type of rewards you'll receive and the terms and conditions, is generally dependent on the insurer you choose and your level of program participation.
Companies that reward you 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 or improvement activities.
We highlight some of the life insurance companies leading the industry with innovative health and wellness incentives. Click on the program you want to learn more about below.
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|
|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.|
|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.
|BT My Wellbeing Rewards||10% discount on eligible Term Life policies for the life of your policy.||New and Existing customers.|
Compare Life Insurance Quotes Online rewards programs
Compare Life Insurance Quotes Online
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 requirements. 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 their prices, benefits and features, side-by-side.
- Review the best life insurance companies in Australia for 2020. Get quotes online form major insurers and compare features and premiums side-by-side.
- A Detailed look at what AIA has to offer you. Life insurance, TPD, crisis recovery and income protection insurance, all available with AIA Vitality.
- Compare AMP life insurance quotes online. AMP Life has been sold. Find out how your life, income protection, TPD or trauma insurance policy is affected.
- Review nib Value Life Insurance, income protection and funeral plans. We reveal all the benefits and exclusions you need to know about before making a decision.
- Discover the REST insurance automatically included in your superannuation and review the pros and cons of their death, TPD and income protection insurance.
- Discover what NRMA life insurance has to offer, including the numerous discounts available. Review the pros and cons of NRMA life insurance & income protection.