Optional Severity Based Illness Covers
All Australian residents aged 18 to 55 are eligible to apply for these Optional Illness Covers.
There are two types of optional cover you can add to your policy:
- Allows you to access part of your Life Insurance cover forspecified severe critical illnesses or injuries.
- May be used to assist with medical and out-of-pocket expenses incurred as a result of the illness or injury.
- You can select one or both types of cover.
- Combined maximum cover up to $250,000 between both types of cover.
- Cannot be higher than your Life Insurance cover amount.
- 90-day qualifying period applies to some conditions.
AAMI Life Insurance policies are issued by TAL who has 150 years’ experience in life insurance, and they played a key role in creating the Life Insurance Code of Practice. AAMI Life is committed to delivering the best possible customer service standards. AAMI Life will continue to look for ways to raise the standards of customer service now and over the years to come. Read more
At TAL, we are committed to supporting our customers who may be experiencing vulnerability or have unique needs. Contact us or see how we can help if you are experiencing financial hardship or domestic and family violence.
^The '$100 off first year discount' is available to new customers who take out a quote and purchase a new AAMI Life Insurance or Income Protection policy between 28 August 2025 and 25 February 2026. The $100 is spread evenly across the first year's premium payments; full benefit requires maintaining the policy for 12 months unless premiums are paid annually. If the policy is cancelled or payment frequency changes during the first year, any unallocated portion of the discount will not be honoured. This discount applies only once per policy and does not continue after the first year.
Where an eligible customer is also an existing AAMI customer who hold other AAMI branded insurance policies such as home or car insurance, the customer will also receive the standard 5% Existing Customer discount offered on AAMI Income Protection or Life Insurance.
TAL as issuer of the policy reserves the right to change or withdraw this offer for future customers at any time without prior notice.