South Australia

Our online presence makes it easy for us to provide fast, accurate and transparent quotes no matter where you are in Australia. Over 5% of our clients from the past 12 months have come from South Australia.

South Australia

We have put together comprehensive guides which will help you when you are comparing quotes:

  1. Stamp Duty
  2. Life Expectancy
  3. Life Insurance Example Quote
  4. Trauma Insurance Premium Example
  5. TPD Insurance Sample Quote
  6. Income Protection Quote Example

Stamp Duty

Stamp Duty is a state based tax which is charged for a number of transactions – including car and home sales as well as some insurance. As it is a state based tax, the amount of tax charged can differ between states.

Generally, insurers will include the charge for stamp duty in the base premium; however this may be different for TPD, Traumaand Income Protection insurance.

Cover Type Stamp Duty Included in Base Premium of Additional Charge
Life Cover (stand alone or linked)

1.5%

Included in Base Premium

Accidental Death (stand alone or linked)

11%

Additional Charge

TPD Cover (stand alone or linked)

11%

Additional Charge

Accidental TPD Cover (stand alone)

11%

Additional Charge

Trauma Cover (stand alone)

11%

Additional Charge

Child Cover

1.5%

Included in Base Premium

Life Expectancy South Australia

Life Expectancy for a male born in 2011 is 79.7, compared to females who have a life expectancy of 84.0. There were 12,665 deaths in 2011, with a median age at death of 82.6

Source: Australian Bureau of Statistics, ClearView Life Risk

SA Life Expectancy

SA Number of Deaths

Life Insurance – Example Quote

Gender Male Female
Age 30 30
Level of Cover $1,000,000 $1,000,000
Smoking Status Non-smoker Non-smoker
Home State SA SA
Premium Style Stepped Stepped
Monthly Premium Amount $46.48 $33.55

Trauma Insurance Premium Example

Gender Male Female
Age 30 30
Level of Cover $1,000,000 $1,000,000
Smoking Status Non-smoker Non-smoker
Home State SA SA
Premium Style Stepped Stepped
Monthly Premium Amount $111.82 $113.85

TPD Insurance Sample Quote

Gender Male Female
Age 30 30
Level of Cover $2,000,000 $1,000,000
Smoking Status Non-smoker Non-smoker
Home State SA SA
TPD Definition Own Own
Occupation Accountant Accountant
Premium Style Stepped Stepped
Monthly Premium Amount $97.24 $97.24

Income Protection Premium Quote

Gender Male Female
Age 30 30
Monthly Benefit $6,250 $1,000,000
Smoking Status Non-smoker Non-smoker
Home State SA SA
Premium Style Stepped Stepped
Insurance Type Indemnity Indemnity
Waiting Period 30 Days 30 Days
Benefit Period To Age 65 To Age 65
Monthly Premium Amount $63.75 $94.84

 

Please note these are example quotes only. Actual premiums and cover available may differ
If you live in South Australia we would love to assist with any quote request you have. Please contact us today for assistance.

Source: Australian Bureau of Statistics 31 July 2013, ClearView Risk View 8 July 2013

Published: August 20, 2013

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