Real Life Insurance Review

Real Life Insurance offers reasonably competitive life cover that could meet the needs of many Aussies, but do check if the cover limits meet your needs.

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Maximum Cover


Maximum Entry Age


Terminal Illness Benefit

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Product NameReal Family Life Cover
Maximum Cover $1,000,000
Terminal Illness Benefit$1,000,000
Funeral Benefit $10,000
Guaranteed Renewability
Cooling-off (days)30
Online Quote

With Real, you'll be able to secure life cover through one phone call and there's no need for time-consuming medicals or blood tests. What's more, the insurer's Australia-based call centre can help you or your family with stress-free claims. Keep in mind that a life insurance policy with Real Life isn't fully underwritten. However, that's also true for 10 of the 19 brands we compare.


  • Underwriter has a strong financial rating.
  • Additional benefit offered for traumatic injuries.
  • No medical assessment (great if you're in good health).


  • No "level premium" option is offered, meaning you can't lock in your payout benefit at the time you take out a policy.

Get the latest deal from Real Life Insurance


Get 10% of premiums back in the first 12 months

Receive 10% of premiums you’ve paid in the first 12 months with The Real Reward program.

Get a quote for Real Life Insurance

Name Product Maximum Cover Maximum Entry Age Terminal Illness Benefit Average Claims Acceptance Rate Average Claim Time
Real Family Life Cover
1.8 months
Get a refund of 10% of the premiums you've paid (in the first 12 months) with The Real Reward™ .

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Real Life Insurance: Our verdict

  • You can get back 10% of premiums you've paid in the first month. In our view, this is one of the better sign-up offers on the market.
  • Children's cover is available on some plans – you can get up to $50,000 for each child insured.

  • An overall cover limit of up to $1,000,000 might not be enough for some people. Also, some burials can cost around $15,000 and so you'll want to check whether or not Real's $10,000 funeral benefit will be enough for your family.

Why choose Real Life Insurance?

Real Insurance life products are issued by Hannover Life Re of Australasia Ltd ABN 37 062 395 484, a wholly-owned subsidiary of Hannover Re and is part of the Hannover Re Group worldwide. Hannover Re is one of the largest life reinsurers in the world, and has a Standard and Poor's Insurer Financial Strength of AA (Very Strong), and has maintained this rating for a number of years.

Am I eligible for life insurance with Real Insurance?

Type of life insuranceCriteriaKey features
Real Family Life CoverBe an Australian resident between ages 18-64, meet the health and lifestyle criteria during the underwriting application process.Offers up to a $1,000,000 benefit to cover death and diagnosis of a terminal illness.
Total and Permanent Disability CoverBe an Australian resident between ages 18-59, working 20 hours minimum per week, meet the health and lifestyle criteria during the underwriting application process.Benefit amounts range from $50,000 to $1,000,000.
Real Funeral CoverBe an Australian resident between ages 18-79.Payout of up to $15,000; cover includes accidental death cover.
Children's CoverBe an Australian resident. Children must be 2-17 years of age and the policyowner (parent or legal guardian) between ages 18-64.Apply for benefits from $20,000 up to a maximum of $50,000 for each child insured under the policy.

Conditions and exclusions apply, make sure you read the current Product Disclosure Statement (PDS) on thw provider's website before applying. Information is subject to change at any time.

Key benefits and features of Real Insurance policies

No matter which combinations you choose to complement your Real insurance policy, these features will be built-in at no extra cost.

  • 30 day money back guarantee. Real Life and Funeral Insurance allows 30 days from the commencement of your insurance policy to make sure you are happy with it. You are able to cancel your policy and any premiums refunded if you change your mind, unless a claim has already been made.
  • Additional insurance options. You can add Children Insurance on to your Real Family Life Cover. It will pay a lump sum benefit if the insured child experiences death (from after 3 months of the policy starting), accidental death (from the day cover starts) and defined serious illnesses and injuries.
  • Automatic sum insured increases. To keep up with the rate of inflation, benefits on Life Insurance are automatically increased every year by 5%, even if the maximum amount of coverage is reached.
  • Premiums. Your premiums are stepped, this means they are subject to change over time. However, changes must be applied across all policy owners. At least 90 days notice will be given for any premium change. Note: If premiums are not paid when due, the policy will end (subject to the required notice periods) which means your life cover and ability to claim will cease.
  • Payment flexibility. Your premium will be debited on the date of your choice, either fortnightly, monthly or annually. You can pay by automatic debit from your bank, credit union or building society account or by charge to your credit card. You may also change your method of payment at anytime.
  • Claim flexibility and simplicity. Claims can be made through mail or telephone.
  • The Real Reward. Once you have held your policy for 12 months, you will receive a 10% refund on the premiums you have paid in that time.

Find out more about Real Insurance's main policy options

life insurance icon

Real Family Life Cover

Key points of Real Family Life Cover

Real Family Life Insurance offers up to a $1,000,000 benefit to cover death and diagnosis of a terminal illness (with life expectancy of less than 12 months).

  • Ages 18-44: Benefit of up to $1,000,000.
  • Ages 45-54: Benefit of up to $750,000.
  • Ages 55-59: Benefit of up to $500,000.
  • Ages 60-64: Benefit of up to $300,000.

Note: Be sure to check the Product Disclosure Statement (PDS) for terms and conditions.

life insurance shield

Key points of Total and Permanent Disability Cover

Total and Permanent Disability Insurance, also known as TPD Insurance, provides a lump sum benefit payment if you become totally and permanently disabled and are unable to work.

  • Minimum benefit amount: $50,000.
  • Maximum benefit amount: Varies depending on your age.
  • Ages 18-44: Benefit of up to $1,000,000.
  • Ages 45-54: Benefit of up to $750,000.
  • Ages 55-59: Benefit of up to $500,000.
  • Ages 60-64: Not available.

Note: Be sure to check the Product Disclosure Statement (PDS) for terms and conditions.

More about Real

Real Insurance is a fairly new player in the insurance market, but has quickly emerged as a key industry disrupter thanks to its impressive range of products. Real insurance has collected a highly experienced team that are dedicated to providing real customer service, as well as products that are easy to understand and manage.

Real Insurance operates under the Hollard Insurance Group, one of the world's leading insurance groups. Customer service is a priority at Real Life Insurance which has gone a long way in establishing a pool of loyal customers and members.

Real Insurance's products extend beyond life insurance and its products include:

  • Real Funeral Insurance
  • Real Pet Insurance
  • Real Car Insurance
  • Real Home Insurance
  • Real Travel Insurance
  • Real Bike Insurance
  • Real Landlords Insurance

How do I get Real Life Insurance quotes online?

To receive a Real Life Insurance quote, simply follow one of the secure links located in the table above. After submitting your details securely online via the enquiry form, a Real Life Insurance Consultant will contact you to discuss your enquiry and how much you can expect to pay for cover based on the details that you have provided. This will be a preliminary quote and may be subject to change, depending on the product, based on the applicant's situation and any medical conditions. After reviewing the cover and the premiums you can expect to pay, you can kick off your insurance application. Some applicants may be required to submit further medical underwriting if they have pre-existing conditions.

Details that Real Life Insurance requires to provide you with a preliminary quote include:

  • Date of birth
  • Gender
  • Smoker status
  • Level of cover
  • First name
  • Last name
  • Phone

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