Life moves fast—and protecting what matters most doesn’t always sit at the top of the to-do list. But if you’ve ever wondered, “Do I really need life insurance?” or “What’s the difference between trauma cover and income protection?”—you’re not alone. At Thrive Protect, we make it easier to understand how life insurance works in Australia so you can feel confident exploring your options.
What Types of Cover Are Available?
In Australia, there are a few key types of personal insurance to be aware of:
- Life Insurance – Pays a lump sum if you pass away or are diagnosed with a terminal illness.
- TPD Insurance (Total & Permanent Disability) – Provides a lump sum if you become permanently unable to work.
- Trauma Cover – Pays a lump sum on diagnosis of certain serious medical conditions like cancer, heart attack or stroke.
- Income Protection – Offers ongoing payments if you’re temporarily unable to work due to illness or injury.
Each type of cover does something different—and understanding how they work can help you decide what’s most relevant to your situation.
Can You Compare Life Insurance Policies?
Yes. At Thrive Protect, we provide clear, general information to help you compare policies from a range of insurers. You’ll be able to see features like waiting periods, benefit amounts, exclusions and built-in benefits side by side.
How Do I Get Started?
There’s no cost to explore your options, and you won’t be pressured into making a decision. You can even use our Insurance Needs Planner to map out what’s important to you.
Final Word:
Understanding your insurance options shouldn’t feel overwhelming. Whether you’re
new to life insurance or reviewing what you already have, Thrive Protect is here to help you navigate it with ease.
Got questions? Head over to our FAQs or get in touch today.
