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Compare Term Life Insurance in Australia

Compare term life insurance plans. Evaluate coverage amounts, claim settlement ratios, rider options, and premiums.

8 plans
8 insurers
Updated: 2026-04-14

Educational Information Only

Data collected from publicly available sources for educational purposes only. Premium figures are illustrative. Verify all details with the insurer directly.

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FeatureTALTAL Term LifeNeeds review · 2026-04-03AIA AustraliaAIA Term InsuranceNeeds review · 2026-04-03Zurich AustraliaZurich Wealth Protection Term LifeNeeds review · 2026-04-13
Cover rangeN/A – N/AN/A – N/AA$100K – A$25M
Premium*A$25 – A$70/yrA$22 – A$65/yrA$40 – A$130/yr
Entry age18 – 65 yrs18 – 65 yrs19 – 69 yrs
Claim ratio———
RenewabilityAnnualAnnualGuaranteed renewable to 99
Riders
      • Total & Permanent Disability
      • Income Protection
      • Critical Illness

      *Premiums are illustrative only, sourced from publicly available data. Actual premiums vary by individual. World Best Insurer does not sell insurance. Verify with the insurer directly.

      All Term Life Insurance Plans in Australia

      Cover

      N/A – N/A

      Premium*

      A$25/yr

      18–65 yrs
      • Australia's #1 Life Insurer
      • TPD Option
      • Trauma Cover
      Verified: 2026-04-03Needs review

      Cover

      N/A – N/A

      Premium*

      A$22/yr

      18–65 yrs
      • Vitality Program
      • Flexible
      • Priority Protection
      Verified: 2026-04-03Needs review

      Cover

      A$100K – A$25M

      Premium*

      A$40/yr

      19–69 yrs
      • Cover to age 99
      • Zurich Switzerland global backing
      • APRA-regulated
      Verified: 2026-04-13Needs review

      Cover

      A$100K – A$20M

      Premium*

      A$38/yr

      18–69 yrs
      • MetLife US group
      • Strong group super integration
      • Award-winning claims team
      Verified: 2026-04-13Needs review

      Cover

      A$100K – A$10M

      Premium*

      A$36/yr

      18–65 yrs
      • Competitive pricing
      • Trauma cover available
      • Adviser-focused product
      Verified: 2026-04-13Needs review

      Cover

      A$50K – A$10M

      Premium*

      A$37/yr

      18–65 yrs
      • ANZ bank distribution (historical)
      • Zurich backing post-acquisition
      • Strong super fund integration
      Verified: 2026-04-13Needs review

      Cover

      A$100K – A$15M

      Premium*

      A$39/yr

      18–69 yrs
      • Nippon Life Japan backing
      • Highest MLC claim acceptance 97%
      • Super and wrap platform integration
      Verified: 2026-04-13Needs review

      Cover

      A$100K – A$15M

      Premium*

      A$40/yr

      18–69 yrs
      • Westpac Group bancassurance
      • BT superannuation integration
      • Wrap account accessible
      Verified: 2026-04-13Needs review