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Bill Protection Insurance

When Bills Can’t Be Paid,
Bill Protection Can Take Care of Them!

Bill Protection can provide you with a lump sum benefit paymentof up to $2,500 per month ifyou were:*

  • To become involuntarily unemployed* (payable up to 3 months)
  • Unable to work due to sickness or an accidental injury* (payable up to 6 months)

To apply for cover, there are:

  • No Medical Exams
  • No forms complete
  • No restrictions for smokers; and
  • The premium does not increase due to your age
* Terms, conditions, exclusions and waiting periods apply
Level of CoverYou OnlySpouse/Partner OnlyYou and Your Spouse/Partner Accidental Injury or Sickeness Benefit Involuntry Unemployment Benefit
Level 1 $11.95 $11.95 $22.90 $500 Monthly $500 Monthly
Level 2 $22.95 $22.95 $44.90 $1000 Monthly $1000 Monthly
Level 3 $33.95 $33.95 $66.90 $1500 Monthly $1500 Monthly
Level 4 $44.95 $44.95 $88.90 $2000 Monthly $2000 Monthly
Level 5$55.95$55.95$110.90$2500 Monthly$2500 Monthly

We have made applying for cover really simple because having some basic bill protection insurance is something everyone should be able to access easily.


Benefits

If you’re between the age of 18 and 60 and an Australian resident, you are eligible to apply for True Insurance Bill Protect insurance.

Rent, electricity and water, telephone and internet, mortgages & timely bill payments need to be made no matter what turns your life may take. With True Insurance Bill Protection, you can protect the lifestyle that you and your family are used to, knowing that you have cover to help with your household expenses should an accidental injury or sickness prevent you from working in your permanent employment or if you become involuntarily unemployed*

A benefit payment under True Insurance Bill Protect could be used to ease the stress of finding the means to pay bills so you could focus on other matters, such as recovering your health.

True Insurance Bill Protect gives you the freedom to focus on getting back on track in unforeseen circumstances.

True Insurance Bill Protect can ease the stress of finding the means to pay bills. True Insurance Bill Protect can provide you with a lump sum to assist with payment of your bills if you are unable to work due to:

  • involuntary unemployment; or
  • a serious accident and sickness*

Please refer to the PDS for the full terms, conditions, waiting periods and exclusions.


Accidental Injury or Sickness Benefit

If You:

(a) have suffered an Accidental Injury or Sickness which entirely prevents You from engaging in Your Permanent Employment for more than thirty (30) consecutive days;  and

(b) were in Permanent Employment immediately prior to that Accidental Injury or manifestation of the Sickness; and

(c) remain under the continuous care and follow the advice of a Doctor,

We will pay You the Accidental Injury or Sickness Benefit shown on Your Policy Schedule current at the time of the accident causing the Accidental Injury or manifestation of the Sickness and you are entirely prevented from engaging in Your Permanent Employment. We will start the payment of benefits after the Waiting Period ends.

Payments for the Accidental Injury or Sickness Benefit will cease when:

(a) You return to work; or

(b) We have made six (6) monthly benefit payments for the Accidental Injury or Sickness Benefit, in the aggregate in any one (1) Period of Insurance;

whichever occurs first.

There is a thirty (30) day Waiting Period applicable to the Accidental Injury or Sickness Benefit commencing on the date You are unable to engage in Your Permanent Employment. If You have returned to Your Permanent Employment within three (3) months of the date of Your original Accidental Injury or manifestation of Your Sickness and, as a result of Your original Accidental Injury or Sickness, You are again prevented from engaging in Your Permanent Employment, this will be deemed one (1) Event and the thirty (30) day Waiting Period will not apply.

Involuntary Unemployment Benefit

In the event You become Involuntarily Unemployed while this Policy is in force and You remain Involuntarily Unemployed for a period in excess of thirty (30) consecutive days, We will pay You the Involuntary Unemployment Benefit shown on Your Policy Schedule current at the time You became Involuntarily Unemployed. If You remain Involuntarily Unemployed during this time We will pay benefits for up to a maximum of three (3) months in respect of any one (1) Period of Insurance.
The Involuntary Unemployment Benefit will not be paid if:

a) Your termination was due to wilful misconduct or retirement; or

b) The Involuntary Unemployment is due to the seasonal nature of Your employment, a project or specific period of employment is completed; or

c) You voluntarily resign; or

d) You were Involuntarily Unemployed at or immediately prior to the Commencement Date of You taking this option or at any time during the first ninety (90) days after the Commencement Date; or

e) Your business is being closed or sold; or

f) circumstances of which You were reasonably aware would lead to bankruptcy and which existed prior to the Commencement Date of You taking out this Policy; or

g) You return to work, or

h) payments have been made for three (3) months in any one (1) Period of Insurance.

If You Upgrade Your level of cover, any Upgrade of Your Involuntary Unemployment Benefit Option will not commence until ninety (90) days after the Upgrade Effective Date.  Where the Upgrade is the addition of a Spouse/Partner, the Involuntary Unemployment Benefit will not be paid if that person was Involuntarily Unemployed at or immediately prior to the Upgrade Effective Date or at any time during the first ninety (90) days after the Upgrade Effective Date.

If You are Involuntarily Unemployed or entirely prevented from engaging in Your Permanent Employment for a period of less than one (1) month in the period where benefits are payable, We will pay one-thirtieth (1/30th) of the monthly benefit.

There are particular circumstances when this insurance may not provide cover. Please see the product disclosure statement for more details.



Bill Protection Insurance

  • Can provide you with a lump sum to assist pay the bills if you are unable to work due to;
  • Involuntary Unemployment; or
  • A serious Accident and Sickness

Eligibility Criteria

To be eligible to purchase this Policy, You will need to meet the following criteria:

  • You must at least be eighteen (18) years old when You apply.
  • You must not be over sixty (60) years of age when You apply.
  • You must be an Australian resident
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No restrictions for smokers and the premium will not increase due to your age. We just made things really simple because having some basic bill protection is something everyone should be able to access easily.

Disclaimer

Terms, conditions, waiting periods and exclusions apply.
ACE Insurance Ltd ABN 23 001 642 020, AFSL No. 239687 (ACE) is the insurer of this product whileTrue Insurance ABN 21 163 278 493 (True) is the promoter. True is an Authorised Representative of ACE 453262. Any advice provided is general advice only and has been prepared without considering your objectives, financial situation or needs. To decide if this product is right for you, please read the True Insurance Bill Protect Policy Wording and Product Disclosure Statement (PDS) and Financial Services Guide (FSG).