Australia's lowest average premium increase
We’ve worked exceptionally hard to make our 2020 premium increase the lowest of all 35 health insurers in Australia. HBF’s CEO, John Van Der Wielen shares how we achieved this result.
Cover to suit your needs
Tell us a little about yourself and your health needs, and in two to three minutes we'll find our best cover to suit your needs.
You can tailor your cover to suit your lifestyle and budget. Depending on your age, you can get cover from $50,000 to $1,500,0001
Your loved ones could receive an advance payment of $15,000 to cover funeral and other expenses
Your cover can automatically keep up with inflation, with an increase to the benefit amount each year on policy
anniversary by the greater of 5% or the most recently published Consumer Price Index (CPI)2
Worldwide cover 24/7
You can be covered wherever you are in the world, 24 hours a day, 7 days a week
No medical required
Generally, you won’t need a medical to take out cover
1st month for $0
Your first month’s premium is waived
HBF Ezicover Life Insurance, pays a lump sum if you are diagnosed with a terminal illness (certified as likely to pass away within 12 months) or pass away. This money can be used wherever it’s needed, e.g. to cover mortgage repayments, living expenses or funeral costs.
There are certain events or conditions that may not be covered under life insurance - these are called ‘exclusions’.
With HBF Ezicover Life Insurance a benefit will not be paid where death is a result of suicide within 13 months of the commencement date of the policy, increase in cover (only in respect of the increase) or the latest reinstatement of cover.
In some cases there may also be an exclusion applied to your policy based on the answers provided during the application process.
If this is the case, Zurich (the insurer) will agree these with you before your cover begins and will be clearly visible on your policy schedule.
HBF Ezicover Life Insurance will not cover suicide if it occurs within 13 months of:
The good thing about life insurance is you can generally adjust your level of cover (which determines the premium you pay and the benefit paid at claim time) as your lifestyle changes, so if you need to increase or decrease your cover you may be able to do so by speaking with Zurich.
You can choose to increase your cover if you are within the eligible age limits, and up to the maximum cover amount for your age. If you do request an increase in your cover your personal circumstances will be reassessed.
You can also choose to increase your cover by applying the Future Insurability Benefit without reassessment of your personal circumstances if you meet one of the specified events. The death benefit can be increased by a maximum of $100,000 each year, up to the policy anniversary following your 54th birthday without reassessment if you:
With HBF Ezicover Life Insurance, the death benefit is paid out as a lump sum to either a nominated beneficiary, your estate or another person acceptable to Zurich on death; or to you if you’re diagnosed with a terminal illness.
While the death benefit is being settled, $15,000 of the total benefit will be paid in advance to help with payment of funeral or other expenses. The Cash Advance benefit will be paid once proof of death i.e. a death certificate is provided.
When you sign up for HBF Ezicover Life Insurance, you choose an amount you’d like your family to receive as a benefit on death. This is the amount they receive, plus any inflation increases if applicable and includes any amount that can be advanced under the Cash Advance benefit.
You can choose cover between $50,000 and $1,500,000 depending on your age. Cover available up to $1,500,000 for persons aged 19 to 45, up to $1,000,000 for persons aged 46 to 54, up to $750,000 for persons aged 55 to 59 and up to $500,000 for persons aged 60 to 69.
Your HBF Ezicover Life Insurance starts when your application is accepted and you are issued a Policy schedule, and will end on the first day of any of these events:
The lump sum payment (benefit) received would not normally be assessable for taxation purposes.
In terms of your premiums paid, these are generally not tax deductible.
This is a guide only and is based on current taxation laws. For more information about your individual circumstances, it’s best to speak to your tax adviser.
With HBF Ezicover Life Insurance, you can make sure your family has the help they need to cover debts and living expenses at a difficult time. Plus, you could get 10% off the premium for the second policy if you and your partner purchase your policies at the same time.
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- HBF Combined Product Disclosure Statement and Financial Services Guide
; and - General advice letter
; and - Privacy statement
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