How much funeral insurance cover do I need?

The amount of cover that’s right for you will depend on you, your family’s circumstances, and the type of funeral you or your loved ones would like to have. Funerals can cost anywhere between $4,000 for a basic cremation up to around $15,000 1 . With Apia Funeral Insurance, you can choose cover between $3,000 and $15,000. When selecting the amount of cover, consider the sort of funeral you would like, and how much money your family may need to help pay for the expenses. 1 Moneysmart.gov.au: paying for your funeral

How often do I need to pay Funeral Insurance premiums?

You can choose to pay your Apia Funeral Insurance premiums in a way that best suits you and your finances. You have the option of paying your premium fortnightly, monthly or yearly.

Funeral Insurance

Funeral insurance could give you and your family peace of mind for the future. You’ll pay monthly, fortnightly or annual premiums, and if you were to pass away, your loved ones could receive a lump sum payment to help cover the costs of your funeral or to settle your affairs.

Tailor your policy to suit your budget and needs¹
Cover starts from just $2.95 a week
Trust your family will be supported in their time of need

Get a quote online

Call 13 50 50

Why is funeral insurance important?

Funeral insurance is one way to plan ahead and could take the financial strain off your family when they need it most. You might consider a funeral insurance policy if you’re an Australian resident aged 45 – 80, want to help your children financially when you pass away or are in retirement.

What is funeral insurance and what is covered?

It’s simple and you could make your policy work for you. Choose to pay premiums for a fixed cover amount of $3,000 to $15,000. So, you can keep enjoying life’s possibilities now, and know your loved ones could get a lump sum for funeral cars and grave, clergy or chapel fees. Or to settle affairs, like outstanding debts.

How much does funeral insurance cost?

It’s important to make your money go further. So, even though the amount you pay will depend on things like your cover level, payout amount, age, health and lifestyle. Once you’ve locked in your policy, your premium is calculated based on your age at the time you take our cover, and won’t go up as you get older. Get a funeral insurance quote online to see how you can tailor a policy to suit your budget.

Get a quote online

Or call 13 50 50
Mon-Fri, 8am-6pm AEDT

Apia Funeral Insurance at a glance

What’s included?

Cover for Accidental Death
After the first 12 months of cover, any cause of death is covered.
Tailor your funeral insurance cover
Apia Funeral Insurance offers between $3,000 – $15,000, which can be increased to up to $25,000 once your policy is in place. Payout is a lump sum and is generally tax free². It could help your loved ones cover funeral costs, debts and other expenses.
Fast payout within 24 hours
Enjoy funeral cover with no waiting period. Payment is usually made within 24 hours of an approved claim, so your family will have one less thing to worry about.
Add a family member to your funeral policy⁶
Receive a 5% discount when you add another adult aged 45-80 and is an Australian resident to the same funeral insurance policy.
10% Bonus Cover after 5 years³
Bonus cover is provided at no extra cost, as thanks for your loyalty.
Early payout option⁴
Enjoy the option of receiving the 120% of your average cover amount after your 85th birthday. Please be aware that there are income tax implications you should consider before exercising this option
Value Promise⁵
The amount your family receives as payout will depend on the option you select when you take up a policy. Here’s a quick guide: 1) You choose 100% option = payout will be your cover amount or 100% of premiums paid (whichever is greater)
2) You choose 70% option = payout will be your cover amount or 70% of premiums paid (whichever is greater)
Annual premium discount⁷
If you choose to pay your premium annually, you’ll only pay 11 months instead of 12.

What’s not included?

No payout if you die during the first 12 months
No funeral benefit is payable if you die during the first 12 months from any cause other than Accidental Death. If this occurs, we will pay a benefit amount equal to the Funeral Insurance premiums you’ve paid so far.
Limited payouts on Accidental Death
No funeral benefit or optional Accidental Death Cover is payable for Accidental Death if your death is directly or indirectly a result of:

• Suicide or an intentional, self-inflicted act

• Participation in any criminal or unlawful activity

• Being under the influence of alcohol, illicit drugs or any pharmaceutical drug not taken in the correct dosage

• War, hostilities or war-like operations

• Undertaking a dangerous occupation

• Participation in dangerous pursuits

• For more information on the exclusions, read the PDS

OPTIONAL ADD-ON

Accidental Death Cover

Designed to help you and your family with the unexpected costs of an accidental death, for an extra premium, this will provide a payout if you die from an accident, or within 6 months of an injury leading to your death, on proof satisfactory to us. You can choose a cover amount between $1,000 and $50,000 – which will be paid to your loved ones on top of your funeral cover benefit.

Get a quote online

Or call 13 50 50
Mon-Fri, 8am-6pm AEDT

Want to know more?

For full details of what is and isn’t covered, please refer to the Product Disclosure Statement (PDS).

Policy Documents

For full details of what is and isn't covered please refer to the relevant Product Disclosure Statement (PDS)

Who can apply for Apia Funeral Insurance?

Apia Funeral Insurance is available to any customers who permanently reside in Australia and are:

aged 45 to 80
an Australian citizen or
an Australian permanent resident
New Zealand citizen

Get a quote online

Or call 13 50 50
Mon-Fri, 8am-6pm AEDT

Why Apia Funeral Insurance?

Apia Funeral Insurance is tailored to suit Australians over 45.

Apia Funeral Insurance gives you the flexibility to create a policy that suits your budget and needs.

Enjoy added value and savings, like 5% off when you add a family member to your policy or 10% bonus cover after 5 years.

Frequently Asked Questions

Funeral insurance can provide a lump sum payment to your family to help pay for funeral costs and other associated expenses.

Funerals can cost between $4,000 and $15,000 according to the Moneysmart.gov website¹. When it comes to paying for funeral director fees and other expenses, we understand this can put a strain on many people’s finances. Apia Funeral Insurance gives you and your family the confidence of knowing that, in the event of your death, your family will have help to cover the costs of your funeral.

¹Moneysmart.gov.au: paying for your funeral. Source accessed on 17/04/2020

Funeral insurance involves paying a premium (under Apia Funeral Insurance, this can be paid fortnightly, monthly or annually) to receive a certain payout at the time of the death of the life insured. Funeral Insurance payouts can be used to pay funeral expenses, but can also be used for any other purpose of the beneficiary's choosing. A pre-paid funeral plan involves speaking with a funeral director so you can plan and pay for your funeral in advance and is not insurance.

The amount of cover that’s right for you will depend on you, your family’s circumstances, and the type of funeral you or your loved ones would like to have.

You can choose to pay your Apia Funeral Insurance premiums fortnightly, monthly or yearly.

Get set with the right insurance

Call the Apia Funeral Insurance Team

For insurance advice or help with a quote, contact us for a chat.

13 50 50
Monday to Friday,
8am to 6pm (AEDT)

Email us

A dedicated consultants will get back to you.

Send an email

Get support

If you’d like guidance on how to talk about death and funeral insurance with your loved ones, have a look at the below resources.

Dying to Talk

QLD Health

¹The premiums may change if you make changes to your Policy or if the underlying premium rates are changed by us. However, you will never be singled out for a premium rate increase.

²This is a guide only and does not take into account changes in taxation laws or your particular circumstances. You should ask your tax adviser or the Australian Taxation Office about your own circumstances.

³Bonus 10% more cover is calculated on the fifth anniversary from the Cover Commencement Date. Each adult life insured will have an extra 10% of the average Funeral Insurance Cover amount held during the previous five years added to their Funeral Insurance benefit. Terms and Conditions apply. Refer to the Product Disclosure Statement for more information.

⁴After the Policy Anniversary following a Life Insured reaching age 85, the Policy Owner can cash in the policy and receive a payout of 120% of the Life Insured’s average Funeral Insurance cover amount, excluding Bonus Cover, the optional Accidental Death cover. The Early Payout Option may affect entitlements to the age pension and other government benefits.

⁵Highest payout is paid on receipt of a valid claim and is calculated on your Funeral Insurance cover or Funeral Insurance premiums paid.

⁶The multi-life discount doesn’t apply to the optional Accidental Death Cover.

⁷The premiums may change if you make changes to your Policy or if the underlying premium rates are changed by the insurer However, you will never be singled out for a premium rate increase.