I’m looking for a Life Insurance quote

On 28 June 2018, Budget Direct temporarily stopped offering life insurance quotes to new customers.

We apologise for any inconvenience this may cause you.

Budget Direct will resume offering life insurance to new customers in the near future.


I’m a policyholder

Though we’ve temporarily stopped offering cover to new customers, existing policyholders will continue to be covered.

Life Cover

Also known as a ‘death benefit’, Life Cover can pay you or your beneficiaries a benefit if you die or are diagnosed with a terminal illness that results in a life expectancy of less than 12 months.

  • Lump-sum benefit of up to $1 million (depending on your age when you apply)
  • Advance payment of up to $10,000 to help cover funeral costs and other expenses
  • Cover automatically increased each year to keep pace with rising living costs
  • Guaranteed cover until the age of 100, regardless of changes in your health, occupation or leisure activities.

Life Cover add-ons

If you have Total and Permanent Disability (TPD), Trauma, and/or Children’s cover, you can find out more about your cover below.

Total and Permanent Disability Cover

In case you lose your sight or the use of your limbs or are unable to work in any occupation or live independently ever again.
Read more

Trauma Cover

In case you’re diagnosed with a specific illness or injury that makes it difficult or impossible for you to continue to earn an income.
Read more

Children’s Cover

In case your child dies (due to an illness or accident), is diagnosed with a terminal illness, or suffers a specified illness or injury.
Read more

Other life insurance

Find out more about your existing Income Protection Cover and/or Accidental Death Insurance policy:

Income Protection Cover

In case you suffer a serious illness or injury and cannot work in your usual occupation.
Read more

Accidental Death Insurance

In case you die accidentally, for example as a result of a road accident, poisoning, fall, drowning, or choking.
Read more

Documents and forms

Life Insurance and Accidental Death Insurance Product Disclosure Statement Important information about Budget Direct life insurance (Life Cover, Express Life Cover, TPD Cover, Trauma/Trauma Plus  cover, and Children’s Cover) and Accidental Death Insurance, including benefits, terms, conditions, exclusions, and more.  Download
Income Protection Cover Product Disclosure Statement Important information about Budget Direct Income Protection Cover, including benefits, terms, conditions, exclusions, premium payments, policy changes, claims, and more. Download
Financial Services Guide Outlines financial services we offer, how we’re paid, our complaints process, and more.  Download
Direct Debit Service Agreement Explains the terms and conditions of our direct-debit scheme. Download

Make a claim

We understand life insurance claims can be stressful, so we try to deal with each claim as quickly, efficiently and compassionately as we can.

Make a claim on your life insurance policy.

Frequently asked questions

Got a question about life insurance? Find the answers to our customers’ frequently asked questions.