Victoria

We provide fast, accurate and transparent quotes to you anywhere across the country. In the past 12 months, over 14% of our clients came from Victoria.

Victoria

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

Stamp Duty

Stamp Duty is a tax imposed by State Governments for a variety of transactions, including home sales, car sales and life insurance.

While stamp duty is generally included in your premiums, it may be an additional charge when it comes to trauma, total and permanent disablement insurance and income protection.

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

5%

Included in Base Premium

Accidental Death (stand alone or linked)

10%

Additional Charge

TPD Cover (stand alone or linked)

10%

Additional Charge

Accidental TPD Cover (stand alone)

10%

Additional Charge

Trauma Cover (stand alone)

10%

Additional Charge

Child Cover

5%

Included in Base Premium

Life Expectancy

In 2011, life expectancy at birth was 80.3 for males and 84.4 for females with a median age at death of 82.2 years. In 2011, there were 36,552 deaths in making up over 24% of all deaths in Australia.

VIC Number of Deaths

VIC Life Expectancy

VIC Population Graph

Life Insurance Premium Estimate

Please note all premiums quoted below include stamp duty and policy fees

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

Trauma 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 VIC VIC
Premium Style Stepped Stepped
Monthly Premium Amount $110.81 $112.83

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 VIC VIC
TPD Definition Own Own
Occupation Accountant Accountant
Premium Style Stepped Stepped
Monthly Premium Amount $97.24 $97.24

Income Protection Premium Example

Gender Male Female
Age 30 30
Monthly Benefit $6,250 $1,000,000
Smoking Status Non-smoker Non-smoker
Home State VIC VIC
Premium Style Stepped Stepped
Insurance Type Indemnity Indemnity
Waiting Period 30 Days 30 Days
Occupation Accountant Accountant
Benefit Period To Age 65 To Age 65
Monthly Premium Amount $63.18 $93.98

Please note these are example quotes only and may not be indicative of actual premiums or cover available.
If you would like to discuss your cover options, the level of cover you may require or how to apply for a quote, contact us today on 1300 822 762.
Source: Australian Bureau of Statistics 31 July 2013, ClearView Risk View 8 July 2013

Published: August 9, 2013

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