Managing your insurance premiums
Your guide to premium rates and adapting your cover to suit your budget
Protecting more Australians
Last financial year, we paid $3.5 billion in claims^
Every day, we see the value of life insurance play out for our customers. Last financial year we paid $3.5 billion in claims, supporting 45,301 Australians who were impacted by conditions like cancer, injuries and heart attacks^.
The amount of support we provide through claim payments continues to increase. Claims are increasing in number and continuing for longer periods. Anticipation of future claims costs growing, alongside rising business costs and a number of other factors, have led to increases in premium rates.
Those increases ensure we can continue to support our customers and their families through the claims we pay, which is the most important thing we do.