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Allianz Australia Life Insurance Limited is one of the best private life insurance corporations in Australia. In 2006, this company was rewarded as the best insurance company in the country. For its clients the Allianz Australia Life Insurance Limited has introduced several profitable schemes. Here we are providing you information about some of the most important schemes introduced by the company. The four major products introduced by the company are as follows:

• Business Insurance Solutions
• Life Insurance
• Home Insurance
• Car Insurance

The life insurance scheme of this company is quite simple and effective unlike plans of the other companies. They are offering you life cover which can be availed up to $1.25 million. Critical illness cover and permanently unable to work cover, both of these provide you insurance up to $500,000 and $1.25 million respectively.

Features of Allianz Australia Life Insurance Plans:

• A simple online process
• Immediate decision
• Affordable cover
• 30 day cooling off period
• No medical check-ups
• 24 hour worldwide cover (It applies to Australian residents who must be residing in Australia to apply for the cover)
• Inflation proofing
• Guaranteed renewable contracts

Factors dependent on cover sanction:

When decision is upon the insurance company how much cover is required it is important to consider every aspect of life. The amount of cover which is required to be provided depends on individual needs and circumstances. Consideration of the following factors is necessary but these are not absolute to determine the amount of coverage for the insurer:

Whether you are single or married;
Whether you have dependents such as children;
Financial obligations such as a mortgage, school fees or personal loans;
Current and accessible income, assets and any savings that you have;
Your lifestyle and how much money would be needed to maintain this lifestyle

These factors are important to determine the amount of your cover. While you will be choosing your cover, depending on these factors you have to make sure if the coverage that the insurance company will provide, suites your needs or not.