Funeral Insurance

Help cover the cost of your funeral & other associated expenses

Receive a lump sum payout

  • Choose a level of cover between $5,000 and $15,000. There are no restrictions on how this money can be spent.
  • If you are terminally ill and your claim is accepted, we will pay your full sum insured early, helping you to arrange your financial affairs.
  • At claim time we will compare your sum insured to the amount you have paid in premiums over the life of your GIO Funeral Insurance policy and if you are eligible for payment we will pay whichever amount is greater.

Have flexibility and control over your cover

  • Single and joint policies available. Plus receive a 20% discount on your premiums when you purchase a joint policy
  • With GIO Funeral Insurance your premium is generally fixed so that it doesn't increase as a result of your age. We call this a ‘Level’ premium.
  • Increase or decrease your cover anytime by simply calling 1800 203 639
  • 30 days from purchase to cancel if you change your mind, and receive a full refund of any premiums paid, as long as you haven't made a claim during that time.

Straightforward claims process

  • You let us know who you'd like your money paid to (your beneficiary)
  • Access to payment is usually within 2 business days from an approved claim. How to claim
Payouts in the event of death

Accident within the first 12 months of your policy

Sickness within the first 12 months of your policy

Any cause after the first 12 months of your policy

Payouts in the event of terminal illness

Before or during the first 12 months of your policy

No payment. Your policy continues and you will become eligible for payment from your first policy anniversary

After the first 12 months of your policy

Your sum insured

For more information on the details of this cover please read the Product Disclosure Statement (PDS)

Cover in under 10 minutes

Quick & easy to purchase online or over the phone

  • No medical tests or doctors reports are required to purchase GIO funeral insurance.
  • There are no health questions. All we need to know is your age, gender, type of premium, and how much cover you'd like.
  • Fortnightly, monthly or annual premiums available at no extra cost, to suit your budget.
Check you're eligible

If you can answer 'yes' to both of these questions you are able to purchase GIO Funeral Insurance

1. Are you aged 45-75 years? 2. Are you a citizen or permanent resident of Australia or New Zealand who currently resides in Australia?

Get covered in 4 simple steps

1. Get a quote
Select the cover amount that best suits you

2. Enter your contact details
Name, address, phone and email

3. Purchase
Pay via direct debit or credit card.

4. You're covered
24 hours a day, 7 days a week

Get a quote

Straight-forward & personal claims process

Claim time doesn’t have to mean stress time. Below is a brief summary of our simple and straight-forward claims process.

1. Call Us

Call us on 13 10 10 as soon as possible after the event

2. Receive a claims pack

We will email, fax or post you a claims pack to be filled in and sent back with all requested information

3. Assessment

Our claims team will keep you updated on the progress of your claim

4. Payout

We pay claims that meet policy terms and conditions usually within 2 business days of an approved claim

Feel in control with GIO

Established since 1927

Trusted insurer for 90 years

Australian based call centres

We are here to help

Join 1.2 million Australians & New Zealanders1

Helping to look after the insurance needs of 1.2 million customers

Frequently asked questions for Funeral Insurance

How to apply or find out more

Online

Get a quote and apply online in under 15 minutes

Get a quote now

Call us

Quotes / Sales / New business
Monday to Friday: 8am – 8pm AEST

Customer service / Existing policies
Monday to Friday: 8am – 6pm AEST

13 10 10

Read the PDS

For more detailed information i.e. how to make changes to your policy, when cover starts and stops, etc

Download PDS Download Key Fact Sheet

1. Includes customers of both AAI Limited and Asteron Life & Superannuation Limited (Asteron) which hold GIO branded products. Asteron is part of the TAL Dai-ichi Life Australia Pty Limited ABN 97 150 070 483 group of companies (TAL) and is authorised to use the GIO brand.

GIO Funeral Insurance is issued by Asteron Life & Superannuation Limited ABN 87 073 979 530, AFSL 229880 (Asteron). Asteron is authorised to use the GIO brand. TAL Direct and Asteron are part of the TAL Dai-ichi Life Australia Pty Limited ABN 97 150 070 483 (TAL) group of companies. If you decide to purchase or vary a financial product, PV will receive fees and other benefits, which will be a dollar amount or a percentage of the premium you pay. You can ask us for more details. Any advice on this page is general in nature and is provided by Platform Ventures Pty Ltd ABN 35 626 745 177 AFS Representative Number 001266101 (PV). PV is part of the Suncorp Group and an authorised representative of TAL Direct Pty Limited ABN 39 084 666 017, AFSL 243260 (TAL Direct). The advice does not take into account your personal objectives, financial situation or needs. Therefore, before acting on the advice, you should consider the appropriateness of the advice, having regard to those matters. Before making a decision about the product you should consider the GIO Funeral Insurance Product Disclosure Statement available from Asteron at gio.com.au/funeral or by calling 1800 604 215. The different entities of TAL and the Suncorp Group are not responsible for, or liable in respect of, products and services provided by the other.

Asteron supports and adheres to the Life Insurance Code of Practice (Code). The Code has been developed voluntarily by the Life Insurance industry through the Financial Services Council to promote high standards of service to consumers, provide a benchmark of consistency within the industry, and establish a framework for professional behaviour and responsibilities. Download the Code here. For more information contact the Financial Services Council on (02) 9299 3022 (local call cost), email info@fsc.org.au or visit www.fsc.org.au

Premium pause benefit

If you are unable to pay your premiums, for example due to financial hardship, you can contact us and request your premium be paused for up to 3 months over the life of the policy. To activate your Premium pause benefit, you must have paid premiums for the previous 12 consecutive months and your policy must have no outstanding premium payable at the time of your request.

During the period your premiums are paused, your GIO Life Protect policy will only cover you in the event you die as a result of an accident. After the premium pause has ended and you have started paying your premiums, you will be eligible for all the benefits under your policy.

Stepped premiums

If you choose the stepped premium option, your premium is based on your age, gender and your sum insured. The premium stated on your schedule applies during the first 12 months after your policy commencement date. Ongoing premiums will be recalculated each year based on your age at the time of each policy anniversary. This means your premiums will increase with age.

Level premiums

Your premium is based on your age at your policy commencement date, your gender and your sum insured. Ongoing premiums will not increase each year as a direct result of your age but will increase due to any increase to your sum insured, including as a result of the Automatic Indexation Benefit.

If you accept the Automatic Indexation Benefit or apply to increase your sum insured, the increased portion of the sum insured will be calculated based on the applicable premium rate for your age at the time of applying for the increase. If you have had a birthday since your policy commencement date, the premium rate that applies to the increased sum insured will generally be higher than when you applied for the original sum insured.

We can also change the premium rate for all policies at any time. In the event we apply an increase to all policies, we will provide you with at least 30 days’ notice and you will be charged the new premium from your next policy anniversary.