GET 6 WEEKS FREE
Save on Personal Accident Insurance with 6 weeks free when you join by the 9 December 2024++.
Get a quote
CASH TO GET YOU BACK ON YOUR FEET
We get it, accidents happen. We also understand the path to recovery is dotted with unexpected costs – transport, meals, cleaners, shopping and visits to the doctor.
Personal Accident Insurance~ from our Recover Cover range of recovery and life insurance products gives you flexible financial help to support you with your recovery.
"I got a lovely surprise as a cash payment went straight into my bank account in a week or so, it was wonderful. [Personal Accident Insurance] helped with my bills and HCF were just excellent. I feel so blessed that I am with HCF. I feel like HCF really showed me a level of care that you don’t get everywhere.”
Anne, Recover Cover member, Personal Accident Insurance
CASH FOR RECOVERY
CASH TO GET YOU BACK ON YOUR FEET
Personal Accident Insurance is designed by HCF as part of our unique range of flexible life insurance options designed to help with the unexpected costs that come with recovery.
Who can apply?
People aged 55–74 who are permanent residents of Australia, with cover expiring at 85.
What does it pay for?
Available in 2 levels of personal accident cover:
- $25,000 cover level pays from $250–$7,500 for particular injuries, including certain fractures and burns, if you have an accident in Australia, and $25,000 for accidental death*.
- $50,000 cover level pays from $500–$15,000 for particular injuries, including certain fractures and burns, if you have an accident in Australia, and $50,000 for accidental death*.
What makes our Personal Accident Insurance uncommon?
Our Personal Accident Insurance is:
- affordable: $3.20 per week for the $25,000 cover level, and $6.35 per week for the $50,000 cover level
- fast: most claims are paid in less than 5 days (once we get the information we need)
- easy: no complex medical checks when you take out cover
- flexible: cash payments^ give you flexibility to recover your way.
AWARD-WINNING PERSONAL ACCIDENT INSURANCE
Our unique range of recovery and life insurance products has been recognised by the Plan for Life Excellence Awards – Direct Life Insurance for 5 years in a row. Our Personal Accident Insurance won the Accident Injury award for 2020-2022, just another way HCF provides Uncommon Care.
PERSONAL ACCIDENT FAQS
When does my cover begin?
Your cover starts the day after the cover commencement date.
Does the premium increase with age?
No, your premium does not increase with age.
Is there a maximum benefit for injuries caused by the same accident?
The maximum benefit paid for all injuries caused by the same accident is $7,500 on the $25,000 level of cover and $15,000 on the $50,000 level of cover.
How do premiums work for Personal Accident Insurance?
Your Personal Accident Insurance premium is based on the level of cover you choose ($25,000 or $50,000). It does not increase with age.
From time to time, we may change the Personal Accident Insurance premium for all policyholders to allow us to cover rising claims costs and better support our members’ needs. You’ll be notified at least 30 days in advance if your premium will change.
For more information, please call us on 13 13 34.
Have another question? Head over to our Recover Cover FAQs to find answers on topics like eligibility, quotes and waiting periods.
MORE OF OUR PRODUCTS
LIFE PROTECT INSURANCE
Receive a lump sum that can help financially support your loved ones if you pass away or are diagnosed with a terminal illness+. Cover up to $1.5m#. For those aged 18 to 65.
CASH BACK COVER
Make the most of a cash payment to help cover costs like parking, taxis to doctors and babysitters when you’re recovering from an illness or injury. For those aged 16–60.
CRITICAL ILLNESS COVER
Looking for cover for people aged under 55? Critical Illness can help you or your loved ones deal with the financial impact of serious illness so you can concentrate on recovery instead of bills. For those aged 18–54.
IMPORTANT INFORMATION
~ Please read the relevant Product Disclosure Statement, Policy Document and Financial Services Guide available by calling 1800 560 855 or visiting hcf.com.au/lifeinfo, and consider your financial situation, objectives, and needs before deciding on these products as any advice provided does not take these into account. In addition to these documents, you should also read the Target Market Determination (TMD) for the product, which is available at hcf.com.au/lifeinfo. Recover Cover is issued by our own HCF Life Insurance Company Pty Ltd. ABN 37 001 831 250, AFSL 236 806 (HCF Life). HCF Life is a wholly owned subsidiary of The Hospitals Contribution Fund of Australia Limited ABN 68 000 026 746, AFSL 241 414 (HCF). The premiums for Recover Cover products are paid to HCF Life. HCF receives commission from HCF Life for their sale of up to 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 may receive an incentive depending on the annual premium of these products which they sell. This will not exceed 15% of the first year's premium.
* Subject to exclusions and limitations - please refer to the PDS and the Policy Document for further information.
^ Get your cash payment when your claim is approved.
+ Less than 24 months life expectancy. Subject to terms and conditions, exclusions, limitations and definitions. Please refer to the PDS and Policy Document for further information.
# This is the maximum benefit amount depending on your age and level of cover. Premiums will vary depending on age, gender, smoking status, level of cover, any applicable inflation increases and discounts and your health and lifestyle assessment.
++ HCF Life will provide six weeks free cover to eligible members in accordance with these terms. To be eligible to receive the six weeks free cover offer (Offer), you must purchase a HCF Life Recover Cover Policy between 8 October 2024 00:00 ADST and 9 December 2024 23:59 ADST (Offer period). Once you pay your first 90 days’ premium, you will be entitled to have the date your policy is paid to extended by six weeks. HCF may take up to six weeks to process the extension.
*** WeMoney winners, Best for Income Protection Insurance and Best for Quality (Life Insurance).
LIFE INSURANCE CODE OF PRACTICE
HCF Life is bound by the Life Insurance Code of Practice which sets out the Australian life insurance industry’s key commitments and obligations to customers. Further information is available at CALI Life Insurance Code of Practice.