Bendigo Bank Life Insurance Review

Read Here for Our Bendigo Bank Life Insurance Review:

Bendigo Bank Life Insurance Review: Discover MaxLife Life Insurance from Bendigo Bank

Buying local products does not necessarily make you a patriot. Sometimes it is a matter of principle. This is especially true if the company you are buying from is big on giving back to the local community.

In the case of Bendigo Bank, they are committed to making sure that their customers and partners succeed. Their community bank also ensures that local people and the community as a whole flourish because this means that everyone can partake of the success of the business.

Who is Bendigo Bank?

Bendigo Bank has more than 160 years of industry experience. It merged with Adelaide Bank in 2007 to form the Bendigo and Adelaide Bank Group. Today, Bendigo Bank is Australia’s 5th biggest retail bank, servicing close to 2 million customers in more than 500 locations in the country. It is a Top 100 ASX listed company with over 110,000 shareholders and more than 7,000 employees. It is also one of Australia’s most trusted brands.

MaxLife Life Insurance

The Bank has partnered with AIA Australia to give you MaxLife Life Insurance. It is a comprehensive set of insurance products developed to meet the needs of the Australian population. AIA Australia is one of the leading life insurance specialists in the world, servicing more than 3.5 million Australians.

Two Types of Life Insurance Products

MaxLife Life Insurance comes in two different products.

MaxLife Life Protect

This product pays the insured up to $1 million in the event of death or when diagnosed with a terminal illness.

Key features:

  • $15,000 advance payment in the event of the insured’s death. This is to assist the family with immediate expenses such as funeral costs.
  • 5% joint policy discount
  • Eligible individuals get access to AIA Vitality. It is a personalised, scientifically-backed program that helps you get healthier by providing knowledge and tools to improve your wellbeing.
  • AIA Vitality lets you receive up to 10% of your MaxLife insurance premiums when you reach AIA Vitality Silver status or higher
  • Simple application and immediate coverage once your application is approved
  • Worldwide coverage for temporary travels abroad
  • Optional Trauma and Total Permanent Disability coverage
  • Optional Children’s Trauma coverage

MaxLife Income Protect

This insurance covers up to 75% of your income. You’ll be able to receive a maximum of $10,000 per month.

Key features:

  • Total Disability coverage
  • Covers specific injury for accidents only
  • 5% joint policy discount
  • Eligible individuals get access to AIA Vitality. It is a personalised, scientifically-backed program that helps you get healthier by providing knowledge and tools to improve your wellbeing.
  • With AIA Vitality, you’ll receive up to 10% of your MaxLife insurance premiums when you reach AIA Vitality Silver status or higher.
  • Simple application and immediate coverage once your application is approved
  • Worldwide coverage for temporary travels abroad.
  • Premium waiver benefit and Premium pause benefit

Other Insurance Products

You can also come to Bendigo Bank for products other than life insurance. They offer home insurance, car insurance, travel insurance, landlords insurance and motorcycle caravan and boat insurance. They can also insure your valuable items against fire and home theft, as well as from damages caused by storm, flood and cyclone. You can also extend your coverage for portable items such as phones, cameras, laptops and tablets against accidental damage anywhere in Australia.

No Medical Check-up Needed

Taking out a MaxLife policy is easy. You don’t need to have any medical check-up or blood tests. However, you may be asked to provide your medical history to determine your premiums.

Make a Comparison Today

At Makes Cents, we make your life insurance search easy, saving you time and effort. You’ll be able to compare multiple life insurance providers in one go, and it’s completely free. Start today.

Our Bendigo Bank Life Insurance Review is just one of many. You can also read reviews on many more Life Insurance Reviews at MakesCents.



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