LIFE INSURANCE PREPARING FOR THE FUTURE

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1 LIFE INSURANCE PREPARING FOR THE FUTURE

2 Bupa life insurance is issued by ClearView Life Assurance Limited (ABN ) (AFS Licence No ) ( ClearView ). Bupa Australia Pty Limited (ABN ) and Bupa Australia Health Pty Limited (ABN ) (together Bupa ) are corporate Authorised Representatives of ClearView and are authorised to distribute and arrange for the issue of the insurance. The information in this document is of a general nature only and does not take into account your individual circumstances. In deciding whether to buy or hold Bupa life insurance, issued by ClearView, you should consider the relevant Product Disclosure Statement and Policy Wording ( PDS ) and whether or not the product is appropriate for you. A PDS is available at bupa.com.au. B

3 KNOW YOUR WORTH If you own a home or a car, chances are you have them insured. But the most valuable thing you have is not the roof over your head or what s parked in the driveway. It s you. At Bupa, we re committed to providing you with a complete range of health & wellbeing services. Through ClearView, our trusted partner in financial services, we re able to offer you a range of life insurance options. So if the unexpected happens, you know you and your loved ones will be looked after. Plus, as a Bupa health insurance member you ll get a healthy 10% discount on your Bupa life insurance premium. CONTENTS Why Bupa? 2 Products at a glance 7 Bupa Life Insurance 9 Bupa Accidental Death Insurance 11 Bupa Funeral Insurance 13 Bupa Injury Cash Insurance 15 Bupa Serious Illness Insurance 17 Cover in an instant 19 Travel, Home and Car Insurance 20 1

4 WHY BUPA? WE WANT YOU TO LIVE A LONGER, HEALTHIER, HAPPIER LIFE Bupa is a healthcare leader proudly looking after the needs of more than three million Australians. We have been around for over 60 years and we re part of a global family whose care and expertise now stretches across 190 countries. It is our purpose that makes us different. We exist to help our members live longer, healthier, happier lives. So our profits are reinvested to provide better services for members, ensuring quality healthcare remains affordable. We are dedicated to helping find a healthier you. To find out more: Call us on Visit bupa.com.au Drop by your local Bupa centre 2 2

5 WE PUT OUR MEMBERS AT THE HEART OF EVERYTHING WE DO The right cover for you Each of our members is different. So with health insurance at our core, we are committed to offering high-quality cover with a wide range of options to meet your current and changing needs. For your convenience We give you choice so you can manage your cover whenever, wherever. You can contact us by phone or talk to someone face to face at one of 100 retail centres. Or just jump online or use your smart phone to access mybupa. 3

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7 LET BUPA LIFE INSURANCE COVER YOUR MOST VALUABLE ASSET One of the main misconceptions about life insurance is that it s provided for in your superannuation. But that s not always the case. With Bupa s range of life insurance options you can help make sure your family has enough money to cover large debts and day-to-day expenses should something unfortunate happen to you. Take a look at the life insurance options we have available on the following pages, to help determine which one will be best for you. 5

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9 PRODUCTS AT A GLANCE 10% DISCOUNT FOR BUPA MEMBERS LIFE INSURANCE OPTIONS Most of us insure our home and car but not our most valuable asset ourselves. In fact, many of us don t have sufficient life insurance to pay out our home loan, let alone provide for our family s future, if something unexpected were to happen. Bupa offers a wide range of simple and affordable life insurance options to help protect you financially so you can enjoy peace of mind whatever the future holds. And, if you re a Bupa member you ll receive a 10% discount on your premiums. Additionally, there are no medical or blood tests required and your application for Bupa Accidental Death Insurance, Bupa Funeral Insurance and Bupa Injury Cash Insurance is guaranteed accepted. To compare our life insurance options and to help determine which cover is best for you, simply refer to the table below. For further assistance there is detailed information on each product on the following pages. To obtain a quote or apply, simply go to bupa.com.au, drop by your local Bupa centre or call us on With Bupa Life Insurance obtaining peace of mind for you and your family is that easy. PRODUCTS BUPA LIFE INSURANCE LIFE INSURANCE OPTIONS BUPA ACCIDENTAL DEATH INSURANCE BUPA FUNERAL INSURANCE BUPA INJURY CASH INSURANCE BUPA SERIOUS ILLNESS INSURANCE Death by Accident Death by any cause Terminal Illness Motor Vehicle Accident Benefit Total and Permanent Disablement Specific Injuries Specified Illness Maximum Sum Insured $1,000,000 (maximum $500,000 for ages 56 64) $1,000,000 (maximum $500,000 for ages 56 69) $50,000 Standard = $100,000 Premier = $200,000 Standard = $50,000 Plus = $100,000 Premium = $200,000 7

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11 BUPA LIFE INSURANCE BUPA LIFE INSURANCE Bupa Life Insurance helps ensure that your family is able to meet day-to-day expenses such as mortgage payments, whilst maintaining their current standard of living by paying a lump sum following your death or terminal illness. KEY FEATURES 24 hour worldwide protection for death and terminal illness choice of cover, ranging from $50,000 to $1,000,000 (from age 56, maximum is $500,000) cover is guaranteed renewable, meaning that provided you continue to pay your premiums when due, we guarantee to continue providing cover premium discounts for higher levels of cover permanent Australian residents aged can apply advance benefit of $15,000 to help with the costs of a funeral additional 20% of the benefit payable if death is the result of a Motor Vehicle Accident (up to $50,000) cover automatically increases each year to keep pace with inflation, subject to minimum increase of 5% level premium rate for the first 3 years flexibility to pay premiums annually, or monthly at no extra cost Bupa health insurance members receive 10% discount on premiums, and an additional 20% of the benefit payable if death is the result of an accident and no claim is made under the Motor Vehicle Accident Benefit (up to $50,000). 9

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13 BUPA ACCIDENTAL DEATH INSURANCE Accidental Death Insurance is designed to pay a lump sum benefit to your loved ones in the event of your death by accident. It provides you with 24 hour cover worldwide and you choose the amount you want to be insured for. BUPA ACCIDENTAL DEATH INSURANCE KEY FEATURES Guaranteed acceptance for permanent Australian residents aged no health questions 24 hour worldwide protection for death by accident choice of cover, ranging from $50,000 to $1,000,000 (from age 56, maximum is $500,000) additional 20% payable if death is the result of a Motor Vehicle Accident (up to $50,000) cover automatically increases each year to keep pace with inflation, subject to minimum increase of 5% premiums do not increase with age, and are based purely on the level of cover flexibility to pay premiums annually, or monthly at no extra cost premium discount for higher levels of cover Bupa health insurance members receive 10% discount on premiums, and an additional 20% of the benefit payable when not claiming under the Motor Vehicle Accident Benefit (up to $50,000). 11

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15 BUPA FUNERAL INSURANCE BUPA FUNERAL INSURANCE Coping with the loss of a loved one is difficult enough, without having to deal with the cost of a funeral at the same time. Bupa Funeral Insurance is a simple, affordable way to take the pressure off your loved ones at an already trying time. KEY FEATURES Guaranteed acceptance for permanent Australian residents aged 18 75, regardless of health benefit payable is the greater of the sum insured or the total of all premiums paid over the life of your policy. This means you will never pay more in total premium than the benefit paid choice of cover, ranging from $5,000 to $50,000 (up to and including age 54, minimum is $10,000) 24 hour worldwide protection customer loyalty discount of up to 10% after you have held your policy for 10 years level premium rate for the first 3 years death benefit is doubled if death is the result of a Motor Vehicle Accident cover automatically increases each year to keep pace with inflation, subject to minimum increase of 5% flexibility to pay premiums annually, or monthly at no extra cost premiums waived from age 90 Bupa health insurance members receive a 10% premium discount, an extra 10% paid on all claims, and a premium waiver on their private health insurance in the event of terminal illness. 13

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17 BUPA INJURY CASH INSURANCE BUPA INJURY CASH INSURANCE Injury Cash Insurance pays a lump sum benefit in the event of your accidental death or accidental injury. If you re injured, it can be of enormous help whilst you re recovering by providing money for expenses. In the event of your death, the cover will help your loved ones, ensuring they are not left with a financial burden. KEY FEATURES Guaranteed acceptance with no health or medical questions for permanent Australian residents aged between 18 to 65 years choice of Standard ($100,000) or Premier cover ($200,000) Accidental Death: 100% of sum insured is paid Accidental Total and Permanent Disability: 50% of sum insured is paid Accidental Burns: 50% of sum insured is paid Loss of One Limb, Sight in One Eye, Speech or Hearing: 25% of sum insured is paid Broken Bones: 10% of sum insured is paid Daily Bed Confinement and Overseas Daily Bed Confinement benefits Homecare Assistance cover is guaranteed renewable, this means that as long as you pay your premiums when due, we ll guarantee to continue providing you with cover 24 hour worldwide protection level premium rate premiums do not increase with age, and are based purely on the level of cover flexibility to pay premiums annually, or monthly at no extra cost Bupa health insurance members receive 10 percent discount on premiums, and an extra 10 percent paid on all claims. 15

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19 BUPA SERIOUS ILLNESS INSURANCE Bupa Serious Illness Insurance is designed to pay a lump sum benefit if you re diagnosed with a specified medical condition or suffer a specific injury. The lump sum benefit payable can be of enormous help when recovering from a major illness or serious injury. BUPA SERIOUS ILLNESS INSURANCE KEY FEATURES Choice of Standard Cover ($50,000), Plus Cover ($100,000) and Premium Cover ($200,000) benefit is payable if you suffer one of the nine specified medical conditions or events as follows: Cancer, Benign brain tumour, Burns, Serious injury, Heart attack, Diabetes, Stroke, Coronary artery bypass, and Angioplasty cover is guaranteed renewable which means that provided you continue to pay your premiums when due, we guarantee to continue to provide cover 24 hour worldwide protection permanent Australian residents aged can apply cover automatically increases each year to keep pace with inflation, subject to minimum increase of 5% level premium rate for the first three years flexibility to pay premiums annually, or monthly at no extra cost Bupa Serious Illness Insurance complements your Bupa private health insurance Bupa health insurance members receive 10% discount on premiums, and an extra 10% paid on all claims. 17

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21 COVER IN AN INSTANT With Bupa life insurance, applying for cover is easy. And if you re not satisfied, you can receive a full refund within 14 days, provided you haven t made a claim. To get a quote and apply: call us on visit bupa.com.au, or drop by your local Bupa centre. 19

22 MORE VALUE FOR BUPA MEMBERS In addition to our range of Life Insurance options, we are also able to offer you a range of insurance products through our partnership with CGU, from travel insurance, home and contents insurance to motor vehicle and caravan insurance. What s more, just for being a Bupa member, you ll also get a 10% discount on your home and contents insurance or motor vehicle insurance premiums, plus a 15% discount on travel insurance. To obtain a quote on travel, home or car insurance simply visit bupa.com.au, call us on or drop by your local Bupa centre. Insurance is issued by CGU Insurance Limited (CGU) ABN AFSL This is general advice only and does not take into account your individual circumstances. Product Disclosure Statements are available at bupa.com.au and should be considered before making any decision on these products. Bupa Australia Pty Ltd ABN and Bupa Australia Health Pty Ltd ABN (together Bupa) are authorised representatives of CGU. 20

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24 FOR MORE INFORMATION Call us on Visit bupa.com.au/lifeinsurance Drop by your local Bupa centre Mailing details: Bupa 600 Glenferrie Road HAWTHORN VIC 3122 Bupa Australia Pty Ltd ABN Effective 1 February S The World of Bupa Health Cover Health Assessments Health Coaching & Programs International Private Medical Insurance Travel, Home & Car Insurance Life Insurance Corporate Health Services Aged Care 22