Cash Back Cover is a simple, low-cost way to protect yourself or your family in the event of illness and accidents.
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Cash Back Cover is issued by HCF Life Insurance Company Pty Limited (ABN 37 001 831 250, AFSL 236 806). Before you apply, you should read the Product Disclosure Statement and Financial Services Guide and consider if this cover is appropriate for your objectives, financial situation or needs, as the information we have provided does not take these into account. The premiums for the life insurance products are paid to HCF Life. HCF receives commission from HCF Life for their sale of 40% of the first year's premium plus an additional commission of 80% of HCF Life's underwriting profit each year calculated as premiums less claims and expenses. HCF's staff receive an incentive depending on the annual premium of these products which they sell. This will not exceed 20% of the first year's premium.
Cash Back Cover pays you $5000* if you or any person covered suffers an accident that requires surgery in an operating theatre within six months of the date of the accident.
You also receive $5,000* for malignant cancer, chronic kidney failure,
heart disease requiring bypass surgery, heart attack, stroke, or any disease requiring a major organ transplant. Note that waiting periods apply.
*For Cash Back policies issued prior to 15 February 2015 the benefit payable is $2,500.
A maximum of $20,000 is payable for single cover and $40,000 for family cover if you have a number of accidents or illnesses during the life of the policy.
Available to permanent Australian Residents aged 16 to 60.