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St. Andrew’s Australia Insurance Guide

St. Andrew’s Australia is one of the leading insurers in the country. The company was founded in 1998. It is based in Perth but offers services across the country.

  • The company is not just an insurance retailer; St. Andrew’s Australia underwrites financial responsibility.
  • St. Andrew’s Australia provides a suit of insurance products spanning multiple sectors of the economy including real estate and personal finance.
  • The company offers credit, general, and life insurance policies.
  • The Australian insurer often partners with other financial institutions to offer innovative and streamlined insurance products to their customers.
  • St. Andrew’s Australia’s insurance products are comprehensive and competitive.
  • Many of the company’s insurance products are tailored to suit a wide variety of lifestyles for your customers. The pricing options are flexible to accommodate a wide range of budgets.
  • The company offers white-labelled solutions that will enable your company to sell its insurance products under your own logo and branding.
  • St. Andrew’s Australia can provide you with additional administration help as well as specialist account managers if you partner with them as a business.

St. Andrew’s Australia offers life insurance cover at a personal level. The products are offered directly and via its partners. The premiums on offer are stepped-up and are subject to change based on age considerations. And you must be between 18 and 61 to apply for these insurance covers.

But the level of coverage is flexible. If you want more coverage you can have your premiums adjusted accordingly and vice versa. So that means you can add your children and spouse. You can also remove or add certain features of your insurance policy. This enables you to get adequate protection based on the current circumstances you are dealing with in life.

Term Life Insurance

The life insurance cover offered by St. Andrew’s Australia will protect you from financial problems when specified life events occur in your life. The maximum benefit payment you can select for all Term Life policies issued by St. Andrew’s Australia is amount is $500,000. The policy provides worldwide coverage, 24 hours a day. Your beneficiaries, no matter how many, will receive this pay out in accordance with your wishes.

The term life insurance policy will ensure that your beneficiaries are given a lump term benefit if you die. Other things that this life insurance will cater for include mortgage, your children’s education and general living expenses.

Additionally, your beneficiaries can also receive a $10,000 advance to pay for the funeral expenses. Or if you have been diagnosed with a terminal illness and have less than 12 months to live, you will be able to access an early payout.

Term life insurance from St. Andrew’s Australia is available to you if you are between 18-56 years old and an Australian resident. And there is a 30-day cooling off period. The insurance cover offers stepped-up premiums, which mean that they are subject to change based on prevailing factors especially your age. However, the protection of this cover does not extend beyond 70 years.

Also, if you have a congenital or pre-existing condition, or recurring cancer, your beneficiaries will not receive benefits. Also, if you commit suicide within the first 12 months of paying the policy, no benefits will be paid out. The same rule applies if you die while engaging in criminal or illegal activities. These include acts of terrorism and civil disorder.

Involuntary Unemployment Cover

You can also obtain financial protection for redundancy or if you involuntarily lose your job. The monthly benefit will last for 6 months, until a maximum benefit of $100,000 has been achieved, or if you achieve a 50% working capacity. The minimum monthly benefit is $500 and the maximum is $12,000.

To qualify for payouts, your work must not be seasonal or temporary in nature. You should be employed as a permanent, casual, fixed-term, or self-employed worker, and working for an average of 20 hours a week. If you are a casual or fixed-term worker you should have been employed continuously for at least 12 months prior to a claims event.

Accident and Sickness Cover

If you can’t work due to an illness or accident, then the accident and sickness cover from St. Andrew’s Australia will help you weather the storms. You will receive monthly benefits for up to 36 months, until the maximum benefit of $100,000 has been paid, or until you achieve 50% working capacity. The minimum monthly benefit is $50 and the maximum monthly benefit is $12,000. To qualify for benefits you must be employed or self-employed within Australia.

Since 1998, St. Andrew’s Australia has been at the forefront of creating innovative insurance projects. As a result, its model has been adopted in a number of leading Australian institutions. These include IMB, Bankwest, and Bank of Queensland.

Awards

During its two decades in operation, St. Andrew’s Australia has won a number of awards. Some of these awards include:

  • Canstar’s Outstanding Value Life Insurance -Direct Life Insurance Award – 2017

If something bad happens, you can begin the process of making a claim online on the St. Andrew’s Australia website. Select the Claims option under the Customer tabs and download the relevant form based on the insurance cover that you have. You should then submit the written notice to the address provided on the form within 120 days from the time an insured event occurred.

You can also use the telephone numbers provided and ask for a form to fill. The number to call is 1300 653 751.

As a corporate partner and customer of St. Andrew’s Australia, you will have access to additional help if you choose to ask for it and are willing to partner with the insurer. These include:

  • If you are a corporation looking to partner with an insurer, St. Andrew’s Australia will provide the coaching and support that you need to sell your insurance products.
  • The company provides a national Account Management Team to help corporate partners sell insurance products more effectively.
  • St. Andrew’s Australia provides a white labelling solution to enable you rebrand the insurance products it underwrites.
  • The insurer will act as an outsource centre for any business administration needs you may have if you want to concentrate on core business operations.

Website: https://standrews.com.au/

Phone: (08) 9322 0600 or 1300 363 159

Email: standrews@standrews.com.au

Address: St Andrew’s Australia
PO Box 7395, Cloisters Square
WA 6850

N.B

St. Andrew’s Australia currently is not one of the insurers Life Insurance Comparison works with.

We are able to offer you quotes from our panel of insurers, which include AIA, BT, CommInsure, OnePath, TAL, MLC, ClearView, Zurich, and NEOS.

For life insurance we sell income protection, trauma, life insurance and total permanent disability.

To see sample quotes online, enter your details here.

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