Life Insurance with Free Gifts

Find out more about the free gifts available through life insurance and compare quotes through Savvy.

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, updated on July 19th, 2023       

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Life Insurance

We’ve partnered with Compare Club to bring you a range of life insurance policies to help you compare them side by side.

Looking for life insurance with free gifts? Some insurance providers offer added incentives as part of their life insurance policies. These gifts can include everything from shopping vouchers to technology devices. However, it's important to choose a policy that not only offers attractive bonuses but also provides the coverage you need to protect yourself and your loved ones in the event of your injury, illness or passing.

You can compare life insurance policies from a range of reputable insurers in one place through Savvy. Our online form provides you with instant offers from leading insurers, so you can choose the policy that meets your needs and determine whether any come with free gifts suited to your needs. Get started with a free quote today.

What free gifts can I get when purchasing life insurance?

Some common free gifts offered with life insurance policies in Australia include the following:

  • Gift cards: some insurers offer gift cards to popular retailers or online stores as a sign-up incentive. These can range from $50 to several hundred dollars and can be a good option if you're looking for a practical and flexible reward.
  • Discounted premiums: some insurers offer discounts on your premiums as a sign-up incentive or for purchasing a certain level of coverage. These can be attractive if you're looking to save money over the short term, but it's important to make sure you're getting a good deal overall than purely a cheap policy.
  • Cashback offers: cashback offers are another common incentive offered by life insurers. This means you'll receive a certain amount of cash back after a set period, such as a year, if you've held the policy for that length of time and paid your premiums consistently.
  • Fitness and wellbeing programs: some insurers may offer free or discounted access to certain wellness programs when you take out a policy. These can be a great way to track your exercise goals and monitor your health, as well as potentially earn you further discounts down the track on your life insurance premiums.
  • Rewards programs: you may also have access to a rewards program through your life insurance if your insurer is partnered with a particular provider or runs its own program. By earning points, you may unlock access to other gifts.
  • Other gifts: depending on the insurer and policy you choose, you may be offered other types of free gifts such as home appliances or travel vouchers. Be sure to read the terms and conditions carefully to make sure you understand any restrictions or conditions which apply.

Remember, while free gifts can be a nice perk, they shouldn't be the only factor you consider when choosing a life insurance policy. Be sure to compare policies based on coverage, premiums, and other factors to help you find the best option for your needs, which you can do through Savvy.

Life insurance with free gifts and discounts: April 2023

Some of the life insurance deals available from providers as of April 2023 are:

Life insurance company Free gift or discount
Access to AIA Vitality, which includes access to a free Vitality check through participating pharmacies, discounted gym memberships and fitness devices, quit smoking programs and nutrition consultations.
TAL Health Sense BMI discount of up to 15% on Life, Critical Illness and/or TPD insurance if you have a BMI of between 19.0 and 28.0 and aren’t a smoker.
Access to Vivo services, which include Vivo Wellness (with fitness and nutrition consultations), Vivo Health (access to online doctors and medical opinions), Vivo Recovery (tailored exercise physiology plans and other rehabilitation support) and Vivo Specialist Care (mental health guidance, wellbeing coaching and CancerAid coaching).
New Cover Reward discount of 10% for the first year of Life, TPD, Income Protection Plus and/or Business Expense Cover, with the possibility of extending this discount if you pass the Health Maintenance Reward Survey.
Discount of 10% on the second policy if you apply for two at the same time and both are accepted.

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Savvy is partnered with Compare Club Australia Pty Ltd (AFS representative number 001279036) of Alternative Media Pty Ltd (AFS License number 486326) to provide readers with a variety of life insurance policies to compare. Savvy earns a commission from Compare Club each time a customer buys a life insurance policy via our website. We don’t arrange for products to be purchased from these brands directly, as all purchases are conducted via Compare Club.

Savvy does not compare all life insurance policies or providers currently operating in the market. Any advice presented above or on other pages is general in nature and doesn’t consider your personal or business objectives, needs or finances. It’s always important to consider whether advice is suitable for you before purchasing an insurance policy.

For any further information on the variety of insurers compared by Compare Club or how their business works, you can read their Financial Services Guide.