What do I need to know?
Find out how life insurance works and the ways it can help protect you and your loved ones.
Common Life Insurance terms
Our life insurance jargon buster covers our life insurance facts in plain language.
Life Insurance FAQs
Find your answers faster in our popular FAQ topics.
What is life insurance and how does it work?
-
TAL's Accelerated Protection life insurance
-
What is Life Insurance?
-
What is Income Protection?
Life insurance articles
Dedicated to empowering Australians to make the right financial choices, with insightful content about health, family, finances and protecting you and your loved ones.
Things to be aware of about Life Insurance
Planning ahead could ensure you have the necessary financial security and protection if the unexpected happens.
Comparing and reviewing life insurance cover
Find out why knowing when and how to review life insurance is important in ensuring loved ones are looked after financially, should something unforeseen happen.
The importance of life insurance
Learn about the importance of life insurance and how it can provide peace of mind, helping loved ones to be taken care of in case of the insured persons death.
Stay financially fit: How Income Protection insurance may help
Learn how Income Protection can give you peace of mind by providing an income replacement when you are unable to work due to sickness or injury.
Preparing for the unexpected: The importance of Critical Illness Insurance
Discover the benefits of Critical Illness insurance that can provide peace of mind when illness, or injury is suffered.
What is Total and Permanent Disability insurance
Learn about Total and Permanent Disability (TPD) insurance and its benefits. Find out what should be considered when deciding on how much TPD to apply for.
Want to know more about life insurance?
You can learn more about Life Insurance and cover options on the TAL website or visit the ASIC’s MoneySmart website. The information you provide on the TAL website will be subject to TAL’s Privacy Statement and Privacy Policy, available on their website.
Important information
*Claims statistics based on total claims paid under TAL Life Limited and TAL Life Insurance Services Limited insurance products between 1 April 2023 and 31 March 2024.
Any financial product advice provided on this website is of a general nature only and does not take into account your personal circumstances. BankSA refers customers to TAL Life Limited ABN 70 050 109 450 AFSL 237848 (TAL Life), the issuer of life insurance policies. TAL Life is part of the TAL Dai-ichi Life Australia Pty Ltd ABN 97 150 070 483 group of companies (TAL). If you purchase a life insurance policy as a result of a referral from us, BankSA will receive a commission of 10% of your premiums (exclusive of GST) for the period you continue to hold a policy.
Before purchasing life insurance, you should read the Product Disclosure Statement (PDS) and the Target Market Determination (TMD) to help you decide if life insurance is appropriate to your objectives, circumstances and needs. You can obtain the PDS and TMD from TAL’s website or by calling TAL on 1300 346 705.
By accessing TAL’s website, you will enter a third-party site not owned by BankSA. Any personal information you provide to TAL's website will be collected, used, and disclosed in accordance with TAL's Privacy Statement and Privacy Policy, also available on their website.
If you would like help deciding whether life insurance is right for you, we recommend speaking to a financial adviser.
BankSA's Privacy Statement is available at banksa.com.au/privacy/privacy-statement or by calling 13 13 76. It covers:
- How you can access the personal information BankSA holds about you and ask for it to be corrected;
- How you can complain about a breach of the Privacy Act 1988 (Cth) or a registered Code by BankSA and how BankSA will deal with your complaint; and
- How BankSA collect, hold, use and disclose your personal information in more detail.