Australia term life insurance cost calculator
A healthy 30-year-old in Australia pays about A$22 a month (men) or A$17 (women) for $500,000 of Life Cover — these are stepped premiums that rise every year with age. Estimate yours below.
Estimated premium
$24.00/mo
Stepped premiums rise each year as you age — this is the current-year estimate, not a fixed lifetime cost.
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How this estimate is calculated
Australian retail Life Cover average monthly premiums for a healthy non-smoker (gender-rated), STEPPED premiums that rise each year with age. $250k figures are scaled from published $500k anchors. Cover held inside superannuation is priced differently. Level premiums start higher but don't rise. Authoritative bodies: APRA, ASIC. Real rates depend on your health, age and underwriting.
See our full methodology for assumptions, limits and the 2026 data used.
Sources
- Keep Insurance — Life Insurance Cost Australia by Age (2026) (2026)
- Canstar — How Much Does Life Insurance Cost in Australia? (2026)
- ASIC MoneySmart — Life insurance — how it works (2026)
- Written by
- Colson — Founder & insurance-data researcher, ColsonSuperApps LLC
- Verified
- Every figure checked against its cited primary source
- Last updated
- June 13, 2026
- Standards
- Editorial policy
This is an estimate based on published average-rate data for informational purposes only — not a quote, and not insurance, legal or financial advice. Your actual price depends on the carrier and underwriting. Get a real quote for exact pricing.