Bounceback Cover


Bounceback Cover is specifically designed for 16-30 year olds, and is only $1 per day until you reach the age of 35^. It includes cover for specified accident and illnesses designed for young adults~, with key features such as:

  • Cover for specific illnesses requiring surgery, including common ones such as hernia, gallstones, tonsillitis and appendicitis*
  • Benefits starting from $1,000 for accidental injuries covered under the policy, up to $100,000 benefit for certain major accidents
  • A number of claims can be made, some with a maximum of up to $100,000
  • Approved claims are paid directly to you to be spent however you choose
  • Easy to apply - no medical questionnaires or examinations

A 90 day waiting period applies to all cancers and heart conditions.

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Frequently asked questions

Who is eligible to apply for this policy?

Bounceback Cover is available to Australian Permanent Residents aged between 16-30.

What age does my policy cease?

You can keep your Bounceback Cover up until the age of 65, unless the full benefit amount is paid out .

I have a pre-existing illness, can I have this cover?

You can take out a Bounceback Cover policy if you have a pre-existing illness, however we do not pay benefits for any accident or illness which occurs before cover starts, or for any illness resulting from a pre-existing condition for the life of the policy.

View the PDS & FSG

We’re here to help

At HCF, we have an Australian based call centre with expert consultants ready to talk with you about our range of Life cover.

If you have any questions or need more information, call our Life Solutions Team on 1800 560 855.


^ Premium will be $1 per day until you reach the age of 35, after which premiums will increase based on your age.

~ Cover is subject to exclusions, including for pre-existing conditions. Does not cover accidents that occur, or illnesses that are diagnosed or treated, outside Australia. The maximum total of all benefits payable under your policy is $100,000.

Please consider the combined Product Disclosure Statement (PDS) and Financial Services Guide (FSG) available by calling 13 13 34 or visiting  You should consider your financial situation, objectives, and needs before deciding on Bounceback Cover as any advice provided does not take these into account.

Bounceback Cover are 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 the life insurance products are paid to HCF Life. HCF distributes Bounceback Cover and 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.