In case of a major illness (e.g., heart disease, cancer, stroke, and other 40-50 common diseases), the insured is eligible for compensation.
Wherever you are globally, at any given moment, you benefit from continuous 24/7 protection, providing peace of mind for your family and yourself.
Child insurance can be added to prevent accidents during a child's growth, providing compensation to parents for property losses incurred due to work delays caused by caring for their children.
During the underwriting period, before the policy is officially approved, you receive complimentary accident insurance.
Individuals with real estate and loans, seniors, and children may have the following wealth protection needs in the event of a major illness:
Property Protection: Desire to safeguard property, repay loans, and mitigate the risk of leverage issues.
Business Continuity: Seek protection for the business, ensuring a continuous fund flow for effective management.
Income Loss due to Illness: Need financial support to offset lost income due to illness and inability to work.
Medical Bills and Rehabilitation Costs: Want financial assistance for medical bills and ongoing rehabilitation costs not covered by Medicare or Private Health.
What is the mortgage repayment amount? Are there other outstanding debts? How much income needs protection? What are the education costs for children? What is the necessary living expenses?
What is your yearly disposable income? Determine a premium that won't impact your quality of life. A general suggestion is to allocate around 5-10% of your income for insurance configuration based on your individual circumstances.
Tailor the coverage amount to fit within your affordable premium range. The concept is to invest in long-term comprehensive protection without compromising your quality of life. Strive for a balance between coverage and premiums, putting you in control of your wealth.
The Speed Lending Insurance specialist team is highly trained and experienced in risk management. We have successfully assisted many individuals in making claims during crisis situations. Our approach is straightforward, helping you compare top Australian insurance brands efficiently. This empowers you to customize a preferred insurance solution that meets your protection needs—affordable and tailored to your preferences. This streamlined service saves you time and money, providing an intimate one-stop insurance and wealth management experience.
Our comparison service finds the balance, saving you time and effort.
Top insurers, chosen insurance brands, and a dedicated specialist team for your support.
No hidden fees, lower premiums, more discounts, total peace of mind.
Continuous insurance management and claims assistance, worldwide 24/7 protection.
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| Insurance comparison | Life | TPD | Trauma | Income Protection | Active |
|---|---|---|---|---|---|
| Receive Monthly Benefit for being unable to work due to sickness or injuries. | |||||
| Receive a lump sum benefits when you are permanently disabled and unable to work to in your occupation or any occupation. | |||||
| Receive a lump sum benefit when you suffer from one of the listed major health event. (eg. cancer, heart attack or stroke, etc.) | |||||
| Receive Monthly Benefit for being unable to work due to sickness or injuries. | |||||
| Child Cover Option Receive Benefit when a child suffers a serious illness, disability, death or terminal illness. | |||||
| Premium Paid via Super (100% or Partially) | |||||
| Free Health Reward Program | |||||
| Multiple claims | |||||
| Additional Claims Safety Net | |||||
| Protected Cover for Future Claims | |||||
| Premium | From AU$30.00/month | From AU$30.00/month | From AU$30.00/month | From AU$50.00/month | From AU$50.00/month |
If you answered Yes to the following questions, then you need it.
Under normal circumstances, critical illness insurance only covers 40-50 major diseases, including:
The best time to buy critical illness insurance is: when you are healthy, the sooner you buy it, the better! Don’t wait until you feel that you may need to make a claim to buy it, because it may not be available at that time, or it may be difficult to make a claim.
No one knows which will come first, tomorrow or the accident. Insurance products with comprehensive coverage can only be bought in the absence of sickness and disability. In the event of a risk, compensation can be obtained.
This has a lot to do with the insurance buying process. Under normal circumstances, before purchasing insurance, you need to go through the underwriting process, including providing health notices, that is, to truthfully disclose existing risks (such as illness, disability, family medical history, etc.), and the policy can only take effect after the underwriting is passed .
Therefore, if you wait until an illness or accident occurs before considering insurance, it is very likely that the insurance will no longer be available. In addition, being young means that for the same product, the premium is lower than that of the old, because age is an important factor in formulating premiums. The older you are, the higher the risk and the more expensive the premium will be.
Therefore, the implementation of insurance should be done as early as possible. The healthier you are, the easier it is to underwrite and the wider your coverage. The younger you are, the cheaper your total premium and the longer your coverage will be.
Under normal circumstances, Australian critical illness insurance is not mandatory for how many years it is bound, nor is it mandatory for how much it costs. Premium customization can be adjusted completely according to your own situation, goals, and needs. There are many factors that affect premiums, including: sum insured, age, gender, premium structure, whether you smoke, whether you have existing health risks, etc. General insurance will have a “validity period”, such as “valid until the age of 75”. During the validity period, the policyholder can adjust or terminate it at any time according to the protection needs of himself and the beneficiary.
No, because the claims of critical illness insurance no longer meet the statutory withdrawal requirements of Australian pensions.
Do not.
The underwriting officer of the insurance company will comprehensively consider the applicant’s health condition to decide whether to arrange a medical examination.
For example, before applying for critical illness insurance, the applicant has been checked for any health conditions, such as chronic diseases such as hyperlipidemia, high blood pressure, fibroids, nodules, or the critical illness insurance amount you applied for meets the underwriting medical examination requirements, The insurance company will take the initiative to contact you and pay to arrange a medical examination for you.
Who do I contact in the event of a claim? For insurance claim events, please promptly contact the Speed Lending Insurance team at admin@speedlending.com.au; we will notify the insurance company based on your claim event and assist in preparing the necessary supporting documents.
Are there any additional charges for claims service? No, the claims service offered by Speed Lending to Insurance members is provided at no extra cost.
Can I contact the insurance company directly? Yes, you can. As your insurance policy is a legal contract between you and the insurance company, you have the option to directly contact the insurance company to initiate a claim.
