What happens if I die within the first year after taking out my funeral insurance?

For the first 12 months after you take out your funeral insurance policy (or after a reinstatement of the policy or an increase in the cover (but only in respect of the increase)), you are only covered for accidental death. Accidental death means if you die, within three months, from bodily injury caused by accidental, external means.

If you die for any other reason during the first 12 months, other than suicide, the insurer will completely refund all the premiums you have paid.

After 12 months you are covered for death by any cause.

1300 Insurance Pty Ltd ABN 50 124 845 727 AR Number 327609 is authorised to refer you to the insurer Allianz Australia Life Insurance Limited ABN 27 076 033 782 AFSL 296559 (Allianz Life) and to provide written general advice on this insurance as the insurer’s agent. We do not provide any advice based on any consideration of your objectives, financial situation or needs. Terms, conditions, limits and exclusions apply. Before making a decision, please consider the Product Disclosure Statement. If you purchase this insurance, we will receive a commission which is a percentage of the premium. Ask us for more details before we provide you with services.