Accelerated Protection - Health Sense
Accelerated Protection
Life Insurance
Illnesses Covered
Accidents Covered
Terminal Illness Benefit
Funeral Advancement
Child Cover
Standard Exclusions
Expiry Age
Illnesses Covered
tick
Accidents Covered
tick
Terminal Illness Benefit
tick
Up to sum insured
Funeral Advancement
tick
10% Up to $25,000 (Accidental Death only for the first 3 years)
Child Cover
tick
Free up to $10,000 (entry age 1-18)
Standard Exclusions
Suicide within the first 13 months
Expiry Age
99
Illnesses Covered
tick
Accidents Covered
tick
Terminal Illness Benefit
tick
Up to sum insured
Funeral Advancement
tick
10% Up to $25,000 (Accidental Death only for the first 3 years)
Child Cover
tick
Free up to $10,000 (entry age 1-18)
Standard Exclusions
Suicide within the first 13 months
Expiry Age
99
TPD Insurance
Accidents Covered
Illnesses Covered
Partial Benefit Payable for the Loss of One Limb or One Eye
Life Insurance Buy Back
Minimum Qualification Period
Standard Exclusions
Guaranteed Renewal Age
Expiry Age
Accidents Covered
tick
Illnesses Covered
tick
Partial Benefit Payable for the Loss of One Limb or One Eye
tick
25% of sum insured up to $500,000
Life Insurance Buy Back
dollar
Option at additional cost when TPD is linked to Life Insurance
Minimum Qualification Period
3 months
Standard Exclusions
Intentional self-inflicted injury
Guaranteed Renewal Age
64
Expiry Age
64 (99 when linked to Life Insurance)
Accidents Covered
tick
Illnesses Covered
tick
Partial Benefit Payable for the Loss of One Limb or One Eye
tick
25% of sum insured up to $500,000
Life Insurance Buy Back
dollar
Option at additional cost when TPD is linked to Life Insurance
Minimum Qualification Period
3 months
Standard Exclusions
Intentional self-inflicted injury
Guaranteed Renewal Age
64
Expiry Age
64 (99 when linked to Life Insurance)
Trauma Insurance
Number of Traumatic Conditions Covered (including partial)
Number of Partial Traumatic Conditions Included
Maximum Pay Out for a Partial Conditions
Life Insurance Buy Back
Trauma Reinstatement
Is this a Basic, Standard or Plus Policy
Qualifying Period
Standard Exclusions
Guaranteed Renewable Age
Expiry Age
Number of Traumatic Conditions Covered (including partial)
Number of Partial Traumatic Conditions Included
Maximum Pay Out for a Partial Conditions
Life Insurance Buy Back
tick
Free when Trauma is linked to Life Insurance
Trauma Reinstatement
dollar
Option at additional cost
Is this a Basic, Standard or Plus Policy
Standard
Qualifying Period
Up to 3 months
Standard Exclusions
Any intentional self-inflicted act or any qualifying periods
Guaranteed Renewable Age
69
Expiry Age
69 (99 when linked to Life Insurance)
Number of Traumatic Conditions Covered (including partial)
Number of Partial Traumatic Conditions Included
Maximum Pay Out for a Partial Conditions
Life Insurance Buy Back
tick
Free when Trauma is linked to Life Insurance
Trauma Reinstatement
dollar
Option at additional cost
Is this a Basic, Standard or Plus Policy
Standard
Qualifying Period
Up to 3 months
Standard Exclusions
Any intentional self-inflicted act or any qualifying periods
Guaranteed Renewable Age
69
Expiry Age
69 (99 when linked to Life Insurance)
Income Protection
Sicknesses Covered
Accidents Covered
Own Occupation Disablement Definition
Pre-Claims Earnings Calculation Period
Specified Injury Benefit
Trauma Insurance Benefit
Needle Stick Cover
Standard Exclusions
Sicknesses Covered
tick
Accidents Covered
tick
Own Occupation Disablement Definition
tick
Pre-Claims Earnings Calculation Period
Best consecutive 12 months for the 3 years immediately prior to total disablement
Specified Injury Benefit
tick
Trauma Insurance Benefit
dollar
Option at additional cost
Needle Stick Cover
dollar
Option at additional cost
Standard Exclusions
Intentional self-inflicted act, attemted suicide, an act of war, uncomplicated pregnancy or childbirth
Sicknesses Covered
tick
Accidents Covered
tick
Own Occupation Disablement Definition
tick
Pre-Claims Earnings Calculation Period
Best consecutive 12 months for the 3 years immediately prior to total disablement
Specified Injury Benefit
tick
Trauma Insurance Benefit
dollar
Option at additional cost
Needle Stick Cover
dollar
Option at additional cost
Standard Exclusions
Intentional self-inflicted act, attemted suicide, an act of war, uncomplicated pregnancy or childbirth
General
Worldwide Cover
Interim Cover
Cooling off Period
Annual Discount
Multiple Lives Discount
Multiple Cover Discount
Health Rewards Program
Premium Freeze
Standard Exclusions
Worldwide Cover
tick
Interim Cover
tick
Cooling off Period
30 Days
Annual Discount
tick
Multiple Lives Discount
cross
Multiple Cover Discount
tick
Included in displayed price (if applies)
Health Rewards Program
tick
Premium Freeze
tick
Only available for lump sum policies on a stepped premium (age 30 or older)
Standard Exclusions
Sicknesses or injuries that first appeared, happened or was diagnosed beofre your insurance started or was reinstated that have not been disclosed and accepted by the insurer. Non-disclosure (or inaccurate disclosure) can also void or affect your cover.
Worldwide Cover
tick
Interim Cover
tick
Cooling off Period
30 Days
Annual Discount
tick
Multiple Lives Discount
cross
Multiple Cover Discount
tick
Included in displayed price (if applies)
Health Rewards Program
cross
Premium Freeze
tick
Only available for lump sum policies on a stepped premium (age 30 or older)
Standard Exclusions
Sicknesses or injuries that first appeared, happened or was diagnosed beofre your insurance started or was reinstated that have not been disclosed and accepted by the insurer. Non-disclosure (or inaccurate disclosure) can also void or affect your cover.

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About TAL Life Limited

TAL is currently the largest non bank owned life insurance company in Australia, starting as far back as 1869 in New Zealand, as The Government Life Insurance Office. TAL has a number of product offerings in the market and offer a number of policy solutions in via Direct, Retail and Super Funds. Their premiums and policy benefits can be very different and it is important that if you have a TAL policy you understand and are aware of the pricing features and benefits and that you review these in light of your own circumstances on a regular basis.

YOUR QUESTIONS ABOUT TAL ANSWERED

About the Dai-Ichi Group

Dai-ichi Mutual Life Insurance was Japan’s first mutual life insurance company, established in 1902. In 1975 they established their first overseas representative office in New York, and again in 1982, this time in Europe.

As TAL’s parent company, Dai-ichi Life Insurance Company Limited, carries great financial strength, especially after acquiring 100% ownership of Protective Life Corporation in 2015. As of March 2016 they have $578 Billion (AUD) in assets. This strength and unwavering focus on putting the customers first, is why TAL is proud to be a subsidiary of the Dai-ichi group.

Key Statistics

TAL reached a milestone in 2015, and proved their commitment to customers by paying out over $1 billion in claims. On average, TAL pays more than $4.5 million in claims every working day (as of July 2016). As of August 2016, TAL Life protects over 3.7 million customers all across Australia, with over $2.6 billion in-force premiums and around 1600 team members supporting them to live their lives. TAL has a reinsurance treaty agreement with Gen RE.

History of TAL Life Limited

A 147 years ago The Government Life Insurance Office was created, quickly developing a reputation as an outstanding life insurer. 121 years later, in 1990, The Government Life Insurance Office enters Australia with the purchase of Adriatic Life Insurance and is rebranded as TOWER.

TOWER expands by purchasing Friends Provident Life Assurance in 1993 and FAI Life in 1999. Now able to offer tailored solutions, TOWER increases their offering even further in 2006 by incorporating PrefSure Life Limited within their fold. They then became known as TOWER Australia and listed on the ASX.

In 2008 TOWER Australia enters into an agreement with Dia-ichi Life. In 2011 the Dia-ichi Life successfully acquires 100% ownership of TOWER Australia, renaming it TAL and cementing their position as an Australian life insurance specialist.

In 2015 TAL Life introduced their health incentive program, TAL Health Sense, encouraging customers to live heathier lives and providing eligible customers a discount for doing so.

Government Life Insurance Office New Zealand Stamp

1869

The Government Life Insurance Office is started in New Zealand.
TOWER Australia Insurance

1990

The Government Life Insurance Office changes it's name
to TOWER and begins operations in Australia.

1993

TOWER purchases FAI Life Insurance.
Prefsure Insurance

2006

TOWER purchases PrefSure and changes
name to TOWER Australia.
Tal Insurance

2011

TOWER Australia is taken over by
Dai-Ichi Life Group. TOWER changes it's name to TAL.

2015

TAL Health Sense Introduced.

TAL FAQ

When TAL was known as TOWER Australia, it was listed on the ASX under the ticker code TAL. In 2011 Tower Australia rebranded to TAL Limited.
No, while TAL has Australian headquarters, its parent company, Dai-Ichi Life, is based in Tokyo, Japan.
Prefsure was acquired by Tower Australia Limited in 2006 who then changed their name to TAL in 2011.

Yes, you can still contact TAL regarding your Prefsure policy. Your reference number will be your PrefSure policy number. When you call TAL, just mention that you have a PrefSure policy.

To qualify, your policy for Life, TPD or Trauma cover must be held outside of super. Child cover is available to children aged (next birthday) between 2 and 15 years old at the time of application. The Child’s Critical Illness option will expire on the Policy anniversary prior to the child’s 19th birthday.
No, you are only eligible to claim once on the free child cover for the first event in relation to any of your children covered. Therefore if your oldest child for example fell ill and met the definition of an event as defined in the PDS and you were paid out $10,000 you cannot then make a second claim on the free Child’s Critical Illness Benefit for the younger child.
You can qualify for TAL Health Sense by being in good health and maintaining a healthy weight. Qualification is based on your Body Mass Index (BMI). You need to have a BMI between 19 and 28. Visit our TAL Health Sense page for more information.

For any questions you may have in relation to a TAL please ask them below or contact one of our insurance specialists for further assistance.

TAL’s Accelerated Protection plan offers you the opportunity to mix and match insurance options to fit your lifestyle; Life Insurance, Critical Illness Cover, TPD, Income Protection and Business Expense Insurance.

Now, you can save up to $84 a year for the lifetime of your policy if you purchase a TAL Accelerated Protection plan between 8 September 2017 and 31 December 2017. The policy fee will only be waived for new Accelerated Protection policies, including all new and existing quotes, as well as all new applications.

The $0 policy fee for life, opportunity ends 31 December 2017.

For any questions you may have in relation to a TAL please ask them below or contact one of our insurance specialists for further assistance.

Value for Money
4.2
Features & Benefits
4.2
Customer Service
4.5
Review Promotion

Write a Review on TAL

How would you rate this insurer for the following: (1 Star = poor, 5 Star = Excellent)
Please describe your overall experience with this insurer. i.e. what you liked, disliked and would you recommend this insurer to your family or friends. (Min 20 words).
Your Information
By submitting a review you are confirming that you have had, or currently have an insurance product with this insurer. You also accepted and acknowledge our review posting guidelines.
Competition closes 02/02/2018 and prizes will be drawn on 05/02/2018. Participants must be over 18 years of age, be Australian permanent residents and have held either a Life Insurance, Income Protection, Total Permanent Disability, Trauma or Funeral Insurance from the insurer they review. Terms and Conditions apply.
Tony
4 of 5
Value for Money
Feature & Benefits
Customer Service
Overall Rating
Income Protection - 0 to 1 year
Was fairly pleasant and straight-forward process
2017 Nov 21 Tue, 09:17:27
Debbie
5 of 5
Value for Money
Feature & Benefits
Customer Service
Overall Rating
Life Insurance - 0 to 1 year
The person i was talking to on the phone to arrange the insurance knew what they were talking about and answered any questions i had which was great.
2017 Nov 20 Mon, 12:30:34
Sara
5 of 5
Value for Money
Feature & Benefits
Customer Service
Overall Rating
Life Insurance - 0 to 1 year
Excellent customer service, kept me continually informed along the way. TAL considered my own personal circumstances which were not so straight forward. I would definitely recommend TAL to family, starting with my husband.
2017 Nov 08 Wed, 12:20:53
Ilya
4.1 of 5
Value for Money
Feature & Benefits
Customer Service
Overall Rating
Life Insurance - 0 to 1 year
Atttentive staff, quick turnaround, well organised interview
2017 Oct 24 Tue, 22:00:08
Chloe
3 of 5
Value for Money
Feature & Benefits
Customer Service
Overall Rating
Life Insurance - 0 to 1 year
Thanks it all seemed pretty easy to sort out, with the medical questions being straightforward.
2017 Oct 23 Mon, 10:38:43
Osvaldo
4.9 of 5
Value for Money
Feature & Benefits
Customer Service
Overall Rating
Life Insurance - 0 to 1 year
Very friendly staff, went above and beyond in the process of finding the appropriate policy for my needs.
2017 Oct 19 Thu, 16:33:10
SONGYAN
5 of 5
Value for Money
Feature & Benefits
Customer Service
Overall Rating
Life Insurance - 0 to 1 year
Representitive is very professional and I am happy with the rates
2017 Aug 25 Fri, 16:15:54
Asitha
3 of 5
Value for Money
Feature & Benefits
Customer Service
Overall Rating
Life Insurance - 0 to 1 year
Good experience, only took 30min or sonto conplete the forms
2017 Aug 12 Sat, 09:10:50
Linda
5 of 5
Value for Money
Feature & Benefits
Customer Service
Overall Rating
Life Insurance - 0 to 1 year
It was a very easy process, and I was surprised by the price of the premium as I thought it was very reasonable.
2017 Aug 01 Tue, 09:57:05
Anne
3.1 of 5
Value for Money
Feature & Benefits
Customer Service
Overall Rating
Life Insurance, Income Protection - 0 to 1 year
Great support from staff. Do not have much experience re policy so cannot comment.
2017 Jul 31 Mon, 09:09:31

Ask an Expert?

4 Comments

  • Anastasia Moon |

    Can a person with a psychological illness claim a lump sum from income protection?

    • SPECIALIST
      Brett Lenertz |

      Thanks for your question, Anastasia. I will answer your question in two parts. Firstly, generally speaking most Income Protection policies pay a monthly benefit in arrears after the waiting period has passed for a period not to exceed the benefit period on the policy. Generally, an Occupation related ‘TPD’ policy would issue a ‘Lump Sum’ on an approved claim. This should be checked with the applicable Life Insurer. Secondly, Mental Illness can potentially be claimed on Income Protection unless the policy has a ‘Mental Health Exclusion’ which means the policy owner chose to have a ‘Mental Health Exclusion’ on the policy to reduce the cost of the premiums ie.. they can’t claim for this reason on the policy in the future or based on disclosing previous Mental Health illnesses during the Duty of Disclosure on an Income Protection application, the Insurer issues the policy but with a ‘Mental Health Exclusion’ essentially meaning they will cover you but you will not be able to lodge a claim for a Mental Health event. A person would also have to meet the definition in the Insurers PDS to be able to potentially lodge a claim for Mental Illness and importantly all Life Insurance Companies can have different definitions for Mental Illness.

  • Nadia Jacobs |

    Good Morning.
    My Family and I currently have Life Insurance with Partnerslife. They are a NZ based company.
    We relocated to Perth more that a year ago and would like our Insurance to be in Australia.
    We have top cover at the moment, but think we pay to much. Can someone please give us more information in regards to you Policy Plans?
    Thank you in advance.

    • SPECIALIST
      Brett Lenertz |

      Thanks for contacting us Nadia. One of the considerations with taking out Life Insurance in Australia is that the Insurer will require you to be a Permanent Resident of Australia or have intentions of becoming one in the near future. It still means you are eligible to apply for cover but the Insurer will stipulate that you will require to be a PR by a certain date in the future. This would be clearly outlined to you in the Policy Schedule. At Life Insurance Direct we specialize in assisting New Zealand Citizens that move to Australia so we can help you further in this regard with no obligation quotes from up to 11 x Life Insurance Providers in the Australian Market. We look forward to assisting you further and you are welcome to contact us on 1300 135 205 and speak to one our Life Insurance Specialists.

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