Bendigo SmartCover - Basic

  
Basic is accident only cover for the unexpected which offers:
 
 up to $1 million Life cover (due to an Accident) plus up to $300,000 Living cover, depending on your age, for 25 Living Cover Events due to an Accident
 optional benefits including:
- monthly Expenses cover up to $3,000 if you are unable to work due to an Accident
- Children’s cover
 easy application in just minutes - over the phone or online.
 
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Feature Description
Comprehensive range of benefits all in one policy 
Receive a Life cover benefit of up to $1,000,000, depending on your age, to secure your family’s financial future should you pass away due to an Accident, plus a Living cover benefit of up to 30% of your Life cover for 25 injuries due to Accidents - all covered under the one policy. For details of the 25 covered Living events, please refer to the Product Disclosure Statement.
Affordable premiums
Choose the plan type and benefit level which best suits your needs and budget. Bundling cover together can make it cheaper than having multiple policies for the same broad range of injuries.
Multiple living benefits
Make any number of different claims throughout the life of your policy until your Living cover amount is exhausted.  Payments vary according to the injury so you will get the most money when you need it the most. And no matter how many Living cover claims you make, your Life cover will not be affected.
Optional Benefits
You have the option to add Expenses cover and Children’s cover to your Bendigo SmartCover plan.
Additional benefits at no extra cost
SmartCover includes additional benefits such as:
 Final Expenses benefit - A $15,000 advance on the death benefit, paid quickly to assist with final expenses.
 Financial Planning benefit - We will reimburse up to $3,000^ of financial planning costs incurred and paid within six months of the payment of a Life or a Level 1 Living Cover Event benefit to help you best manage or invest any benefit we pay for.
Worldwide cover – 24 hours a day, 7 days a week
Once covered, you are covered all day, every day, wherever you are in the world. Plus, as long as you continue to pay your premiums when due, your cover is guaranteed renewable, right through to age 99.
Simple, immediate cover
Apply online or over the phone in minutes — no complicated forms or medical or blood tests. Once approved you are immediately covered.
  
^$3,000 maximum reimbursement is across all covers.
Main benefit
Product feature Life cover Living cover
Eligibility
Life cover pays a lump sum benefit in the event of your death as the result of an Accident.
Living cover pays a lump sum benefit if you suffer a covered Living Cover Event due to an Accident.
Age at entry
18 to 59
18 to 59
Expiry age of cover
99 65
Minimum Sum Insured*
$100,000
$30,000
Maximum Sum Insured at Policy Commencement Date**
Age 18 to 45
Age 46 to 55
Age 56 to 59
 
 
$1,000,000
$750,000
$500,000
30% of the Life cover amount.
 
$300,000
$225,000
$150,000
Built in benefits
Final Expenses benefit – If you die, we will pay a $15,000 advance of your Life benefit towards your final expenses e.g. funeral costs.
Financial Planning benefit – If you die due to an Accident, we will reimburse up to $3,000^ of costs incurred in consulting with a financial planner about investing or managing any benefit we pay.
Financial Planning benefit – If you suffer a Level 1 Living cover Event, we will reimburse up to $3,000^ of costs incurred in consulting with a financial planner about investing or managing any benefit we pay.

 
* We may set a higher minimum Sum Insured to ensure you meet our minimum premium requirements.
** Maximum Sum Insured at time of policy commencement – your Sum Insured may rise above this due to indexation increases.
^ $3,000 maximum reimbursement is across all covers.

 
Product feature
Basic
Optional Expenses cover

If you are unable to work due to Sickness

If you unable to work due to an Accident

Sum Insured
1% of your Living cover Sum Insured per month
Waiting Period

Benefit Period
30 days

Choice of 6 or 12 months
 
Children’s cover

If your insured child suffers a Children’s Trauma Event

If your insured child dies
✔ ($15,000 benefit)
Minimum Sum Insured per insured child
$15,000
Maximum Sum Insured per insured child
$50,000
As you would expect, Bendigo SmartCover does not cover you for absolutely everything. Please read this section carefully to understand what isn’t included.
 
Exclusions on all covers
Engaging in any criminal activity or any unlawful act or whilst imprisoned, resulting from that imprisonment.
Participating in any aerial activity (except as a fare paying passenger in a fixed wing, motorised aircraft owned and operated by a licensed airline or charter company) or in any motorised sport in any capacity.
War (whether declared or not), any acts of terrorism, riots or civil commotion.
The direct or indirect effects of alcohol or drug misuse or any illicit drug use.
Injury or Sickness which arises from a condition which first occurs, or where symptoms leading to the condition first occur or are diagnosed or first became apparent before the Policy Commencement Date, Policy Reinstatement Date or for any requested increase in the Sum Insured, the date of that increase on the amount of that increase.
As a direct or indirect result of carrying out the duties of your occupation, if your occupation involves:
 
 working above 10 metres from the ground; 
 working underground;
 working offshore; 
 underwater diving;
 working with explosives;
 working as a professional sportsperson or coach; or
 employment in the armed forces.
Exclusions on Life cover only
Deliberately self-inflicted Injury or Sickness, including suicide and attempted suicide in the first 13 months from the Policy Commencement Date, Policy Reinstatement Date or, where there is a requested increase in the Sum Insured, from the date of that increase on the amount of the increase.
Death occurring more than 90 days after the Accident.
Exclusions on Living and Expenses covers only
Deliberately self-inflicted Injury or Sickness, including attempted suicide.
Participating in abseiling, mountaineering, football (all codes), long distance sailing, martial arts (except Tai Chi), trail bike riding, scuba diving, hang gliding, parachuting, non-motorised aviation activities or any hazardous recreational activities of a competitive nature (including but not limited to engaging in speed or time trials).
Exclusions on Expenses cover only
Injury suffered in an area listed by the Department of Foreign Affairs and Trade (DFAT) as "Do not travel”.
Sickness occurring within 90 days of the Policy Commencement or Reinstatement Date or, where there is a requested increase in the Sum Insured, from the date of that increase on the amount of the increase.
As a result of normal pregnancy, terminating a pregnancy or giving birth (including any associated conditions).
Mental Illness, including any condition which is directly or indirectly contributed to, caused by or aggravated by Mental Illness.
Exclusions on Children’s cover only
Death, Injury or Sickness which is:

 deliberately self-inflicted, including suicide and attempted suicide;
 intentionally caused by the Child Insured’s parent, guardian or relative or someone who lives with or supervises the Child Insured;
 resulting from a congenital condition; or
 suffered within the first 90 days of the Policy Commencement Date, Policy Reinstatement Date or for any requested increase in the Sum Insured, the date of that increase on the amount of that increase.

 

The Bendigo Life™ suite of products is distributed by AIA Financial Services Limited ABN 68 008 540 252, AFSL 231109, including through its authorised representatives, and is issued by AIA Australia Limited ABN 79 004 837 861, AFSL 230043 (AIA Australia).

Bendigo and Adelaide Bank Limited ABN 11 068 049 178, AFSL 237879 (Bendigo Bank) is a distributor of the Bendigo Life suite of products only; it does not sell, issue or guarantee these products.

Descriptions of product benefits and features are a summary only. Other terms and conditions also apply as described in the Product Disclosure Statement available on this site. This information is subject to change.  It has been prepared without taking into account the objectives, financial situation or needs of any individuals and you should consider the appropriateness of this information in these contexts before acting on it.  You should consider the Product Disclosure Statement in deciding whether to acquire or continue to hold a financial product.