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Individual Insurance

Compare the 16 products offered for Individual Insurance from 9 companies including WIP Group, AHI, DUAL Australia.
Products 1 to 10 of 16
WIP Journey (Group)
WIP Group
  • Docs available F
  • Contract required
Max Coverage AUD 60K Min Premium AUD 500/Year

Coverages: Accident and Sickness

WIP Journey Group Journey Cover offers insurance for Australian individuals injured while commuting to and from work, providing accidental death and disability benefits, as well as weekly accident income replacement. Designed for income-earning individuals under 70, it ensures financial support during unforeseen events not covered by Workers Compensation. Conditions apply; refer to the policy documents for full details.

Canopy Income Protecton (Individual)
WIP Group
  • Docs available F S P
  • Contract required
Max Coverage AUD 20K Min Premium AUD 500/Year

Coverages: Accident and Sickness

Canopy Income Protection (Individual) offers flexible, comprehensive coverage to safeguard your income if you are unable to work due to illness or injury. With 24/7 global protection, it ensures financial support during challenging times, offering 100% income for the first six weeks, followed by up to 85%. Tailored waiting periods and coverage options, including critical sickness and injury protection, provide peace of mind and financial security when you need it most.

Personal Cyber Protection
Emergence Insurance
  • No contract required
Max Coverage AUD 1M Min Premium AUD 99/Year

Coverages: Cyber

Emergence Insurance's Personal Cyber Protection Insurance offers comprehensive coverage for individuals and families against various cyber threats. The policy covers cyber events including, crimeware, cyber extortion and hacking, plus provides cover for identity theft, cyberbullying, cyberstalking, and cyber harassment. Coverage limits are flexible, starting from $50,000 up to $1,000,000, with base premiums beginning at $99 annually.

Personal Accident
High Street Underwriting Agency
  • No contract required
Max Coverage AUD 250K Min Premium AUD 400/Year

Coverages: Personal Liability

High Street Underwriting Agency's Personal Accident Insurance offers financial protection for individuals and groups against unforeseen accidents and sickness, covering medical expenses, loss of income, and more. This policy ensures peace of mind by mitigating the financial impact of unexpected incidents and sicknesses. For personalized assistance and to discuss specific coverage needs, connect with High Street's dedicated team through their portal. 

A+H - Group and Individual PA
Agile Underwiting Services
  • Docs available F
  • No contract required
Max Coverage AUD 2M

Coverages: Accident and Sickness

Designed for individuals and sole traders, this policy provides coverage for accidental death, disability, injury, and sickness. Policyholders can choose from various scopes of cover, including 24/7 protection, working hours only, or outside working hours only. Benefits include weekly income replacement during temporary disablement and lump sum payments for permanent total disability or accidental death. The policy is customizable with over 25 additional benefits to meet specific needs. 

A+H - Bill Cover
Agile Underwiting Services
  • Docs available F
  • No contract required
Max Coverage AUD 2M

Coverages: Accident and Sickness

Agile Underwriting's Bill Cover insurance assists individuals in managing their financial obligations by covering bills for up to 24 months if they're unable to work due to injury or illness. Policyholders can choose monthly benefit limits of $2,000, $4,000, $6,000, or $8,000, with benefit payment periods of 6, 12, or 24 months. Additional features include a Broken Bones benefit up to $8,000.

A+H - Group and Individual Loss of Licence
Agile Underwiting Services
  • No contract required
Max Coverage AUD 2M

Coverages: Accident and Sickness

Agile Underwriting Services offers Loss of Licence Insurance for pilots, providing financial protection in case of temporary or permanent loss of their pilot's licence due to injury or illness. The policy includes weekly income replacement for temporary losses and lump sum benefits for permanent losses. Coverage is customizable with various benefit options and scopes, including 24/7 or working hours only. 

Inbound Medical
AHI
  • Contract required

Coverages: Inpatriate Medical | Travel

In a competitive global marketplace, you want to attract the best available workers, regardless of nationality. Access to Australia’s medical infrastructure may help secure the right people to fill the skills gaps for domestic operations. An alternative to private health cover for international workers here in Australia.

Features: Medical, hospital, and ambulance expenses; Routine dental and optical care; Routine and emergency maternity and newborn child expenses.

Expatriate Medical
AHI
  • Contract required

Coverages: Bodily Injury | Overseas Medical

AHI’s national specialty underwriters and in-house claims team provide primary coverage and support for routine and emergency medical treatment, bridging the gap for employees on international assignments. From major cities to remote locations, AHI is committed to helping protect the financial health of organisations, while supporting the wellbeing of their people.

Features: Hospital benefits; Emergency medical evacuations; Out-patient medical expenses; Medical extras (routine dental, optical and medical); Pregnancy; AHI Assist 24/7 medical incident response; In-house claims team.

Journey Accident
Keystone Underwriting Pty Ltd
  • Contract required
Max Coverage AUD 250K Min Premium AUD 300/Year

Coverages: Accident and Sickness

Keystone's Journey Accident Insurance provides coverage for employees against accidental death or injury sustained while traveling directly between their residence and workplace, or during work-related travel. Key benefits include flexible packaging with other products, tailored quotes or scheme solutions, coverage limits up to $250,000 for accidental death, weekly benefits up to $2,000 for accident or sickness, and a variety of automatic and optional extensions.

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What is individuals insurance? 

Individuals insurance refers to tailored insurance solutions designed to meet the specific needs of diverse groups and unique personal circumstances. This category includes specialised policies for:  

  • bankrupt individuals 
  • high-net-worth clients 
  • students 
  • retirees 
  • non-residents 

It addresses risks that are directly linked to individuality, life stages, and more. 

With options spanning health, liability, and niche solutions for high-profile individuals, individuals insurance protects against life’s uncertainties. This adaptability makes it essential for brokers to assist clients with diverse personal requirements. 

Individuals insurance industry trends and emerging risks 

The Australian individuals insurance sector faces changes from various life challenges. Rising costs, digital advancements, and frequent natural disasters are driving premium increases and transforming claims management. These trends significantly impact various categories, including: 

  • high net worth and high profile individuals: affluent clients face many risks, including cyber threats and reputational damage 
  • non-nationals and students: international clients may encounter challenges due to regulatory changes and geopolitical tensions 
  • retired individuals: an ageing population increases demand for health and life insurance products 

Brokers should proactively learn more about these emerging risks by offering customised solutions and staying updated on industry developments. For a comprehensive list of insurance providers, refer to the IB companies page. 

Individuals insurance FAQs 

What is individual term insurance? 

An individual term life insurance provides coverage for a predetermined period or until a specified age, such as 80 or 99. If the insured passes away during this term, the policy pays a lump sum to the beneficiaries. 

Do you get money back if you outlive term life insurance? 

No, with a standard term life insurance policy, you do not get your money back if you outlive the policy. Term life insurance is designed to provide coverage for a specific period, and if you survive beyond that term, the policy simply expires without any payout. 

However, some insurers offer a return of premium (RoP) option, where you can get back the premiums paid if you outlive the policy term. This option usually comes with higher premiums compared to standard term life insurance. 

Who typically needs individuals insurance coverage? 

Individuals insurance is important for students, retirees, non-residents, and others with unique coverage needs. Policies are customised to fit each person’s lifestyle, profession, or circumstances. 

How individuals insurance helps protect clients 

Individuals insurance protects personal assets and income from unexpected events like medical emergencies or property damage. It covers legal claims from accidents or negligence. This targeted coverage gives peace of mind and helps clients focus on their goals without worrying about financial risks. 

What are common individuals insurance coverage options? 

Coverage options range from financial protection for retirees to personalised policies for students and non-residents. These options ensure flexibility for varying personal circumstances. Common coverage options include: 

  • life insurance: pays benefits to beneficiaries if the policyholder passes away 
  • health insurance: covers medical costs, including hospitalisation and treatments 
  • liability insurance: protects against claims from accidents or legal disputes 
  • property insurance: safeguards homes, belongings, or rented assets from damage or theft 
  • specialised policies: covers criminal records, high-net-worth clients, and more 

These individuals insurance options provide custom protection and help clients handle risks and stay financially secure. 

What are the disadvantages of self-insurance? 

Self-insurance is when someone uses their own savings to cover potential losses instead of buying an insurance policy. Unlike individuals insurance or term life insurance, which are managed by insurance companies, self-insurance depends entirely on personal funds.  

It can work for people with large savings but carries risks since unexpected events like accidents or emergencies can be very expensive. Traditional insurance often provides better protection and a sense of security for most people. 

Who are the best private health insurance providers in Australia? 

Australia offers numerous private health insurance providers catering to a variety of healthcare needs. These insurers provide comprehensive policies covering hospital treatments, specialist care, and extras like dental or physiotherapy. Some of the leading providers include: 

  • Medibank: offers extensive options for singles, families, and retirees, with strong focus on hospital and extras cover 
  • Bupa: provides flexible policies that cover essential treatments and access to wellness programs 
  • HCF: known for no-gap arrangements and excellent dental and optical coverage 

To explore a full comparison of offerings, check out the top 10 Australian private health insurance firms to see how they address different healthcare requirements.