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Finder Score Maximum Cover Funeral Benefit Optional TPD Cover Optional Trauma Cover
Finder score
Maximum Cover
$25 million
Funeral Benefit
$25,000
Optional TPD Cover
$5 million
(maximum cover)
Optional Trauma Cover
Yes
Get your one month free when you get cover by 28 Feb 2026. T&Cs apply.
Our verdict: Highly commended in the 2025 Finder Life Insurance Awards, good value for money, simple application process and a high claims acceptance rate. It's also the cheapest life insurer for those aged between 30-40.
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Finder score
Maximum Cover
$2.5 million
Funeral Benefit
$15,000
Optional TPD Cover
$1.5 million
(maximum cover)
Optional Trauma Cover
Yes
Get a 10% discount if you're already a Medibank health insurance member. T&Cs apply.
Our verdict: Medibank offers a higher payout limit ($2.5 million) than 15 other providers. It also won Most Loved, Best Value and Legendary Service categories in the Finder 2025 Customer Satisfaction Awards.
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Finder score
Maximum Cover
No set limit
Funeral Benefit
$25,000
Optional TPD Cover
$3 million
(maximum cover)
Optional Trauma Cover
Yes
Get up to 15% off your TAL Life, Trauma or TPD insurance policy for life - if you have a Body Mass Index (BMI) between 19 and 28 at the time of your application. T&Cs apply.
Our verdict: One of Australia's leading life insurers. Automatically includes child critical illness cover. Plus, it comes with a level premium option (e.g. costs remain similar as you get older).
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ahm Life Insurance logo
Finder score
Finder score
Maximum Cover
$1.5 million
Funeral Benefit
$15,000
Optional TPD Cover
$1 million
(maximum cover)
Optional Trauma Cover
Yes
Enjoy 2 Months Free In The First Year. Purchase By 31 March 2026. Use Code AHM2MF. T&Cs apply.
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Real Life Insurance logo
Finder score
Finder score
Maximum Cover
$2 million
Funeral Benefit
$20,000
Optional TPD Cover
$1 million
(maximum cover)
Optional Trauma Cover
Yes
Get 10% cash back of the premiums you've paid after your 12-month anniversary with The Real Reward™. T&Cs apply.
Our verdict: The application is simple; it can be done with 1 phone call and there are no medical exams.
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Zurich Life Insurance logo
Finder score
Finder score
Maximum Cover
$1.5 million
Funeral Benefit
$15,000
Optional TPD Cover
Optional Trauma Cover
No
Policy discounts include 10% off for your partner if you sign up for a joint policy. You can also get 5% off income protection if you buy it alongside your life cover. T&Cs apply.
Our verdict: Good if you want a cheap policy from a well-regarded insurer – its 98% claims acceptance rate is higher than any other provider on Finder. Zurich keeps things simple: unlike others, it doesn’t go in for optional add-ons such as TPD or trauma cover.
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AAMI Life Insurance logo
Finder score
Finder score
Maximum Cover
$1.5 million
Funeral Benefit
$10,000
Optional TPD Cover
Optional Trauma Cover
Yes
Purchase a new AAMI Life Insurance policy and save $100 on your first year. T&Cs apply.
Our verdict: There’s flexibility with AAMI as you can add another adult to your cover, with a competitive limit of $1.5 million. Easy application process with no medical exams.
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AAMI Life Insurance logo
Finder score
Not scored yet
Finder score
Not scored yet
Maximum Cover
$1.5 million
Funeral Benefit
$10,000
Optional TPD Cover
Optional Trauma Cover
Yes
  • You will be asked questions on your income, lifestyle and health during the application process.
  • The level of cover you receive for pre-existing conditions is assessed on a case by case basis.
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    Medibank Life Insurance logo
    Finder score
    Not scored yet
    Finder score
    Not scored yet
    Maximum Cover
    $2.5 million
    Funeral Benefit
    $15,000
    Optional TPD Cover
    $1.5 million
    (maximum cover)
    Optional Trauma Cover
    Yes
  • When applying, you are asked to sign a declaration confirming that you've provided all relevant details about your health and any pre-existing conditions.
  • The information you disclose about your pre-existing condition will determine the cover you may receive, including claims.
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    ahm Life Insurance logo
    Finder score
    Not scored yet
    Finder score
    Not scored yet
    Maximum Cover
    $1 million
    Funeral Benefit
    $0
    Optional TPD Cover
    Optional Trauma Cover
    Yes
    With ahm, you can add up to $1 million in TPD insurance to your policy. You can buy online and there’s no medical exam. Keep in mind that Medibank offers an extra $500k – worth considering if your needs are greater.
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    Finder Score - Life Insurance

    Life Insurance is a little complicated and a lot overwhelming. That's why we made the Finder Score, to make it easier to compare Life Insurance products against each other. Our experts analysed over 30 products and gave each one a score out of 10.

    But a higher score doesn't always mean a product is better for you. Your situation is unique, so your policy choice will be too. Don't think of Finder Score as the final word, but as a good place to start your life insurance comparison.

    Read the full methodology

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