Australian Insurance Statistics

It’s a worrying fact that so many Australians are seriously underinsured

At Bestdealinsurance we can help you find the best prices and products from Australia’s leading insurance companies to help protect you and your loved ones.

Call our consultants now for a free, no obligation quote or Quote Online and you could save up to 25%    (and that's after we've already saved you - by shopping around for you!)

Your Loved Ones & Your Health

Did you know?

6 out of 10 Australians with dependant children don’t have enough life insurance cover to care for their loved ones for more than a year if they were to die>

96% of their families don’t have enough life insurance to protect them for 10 years or more>

Cremation services can range from $3,500 - $9,000+>

Burial services can range from $5,000 - $20,000+>

1 in 3 men and 1 in 4 women will suffer some form of cancer in the first 75 years of life<

There is a 50% chance of a 40 year old man and a 33% chance of a 40 year old woman developing coronary heart disease+ <

You can help protect your loved ones against these worrying statistics with Life Insurance , TPD Insurance, Trauma (Critical Illness) Insurance or Funeral Expenses Insurance

>Source: “Fast Facts – a nation overexposed, Investment and Financial Services Association 2005”
+>Source: Funeralline Australia 2008

<Source: Australian Institute of Health and Welfare, Australia’s Health, 2002
+<Source: National Heart Foundation Statistics, Australian Facts, 2001 Highlights

Your Income

Did you know?

Working Australians have a 1 in 3 chance of becoming disabled for more than 3 months before reaching 65>

The average Australian earns well over $2 million dollars in their lifetime

Income Protection Insurance premiums are usually tax deductable for most Australian taxpayers

But – nearly 70% of self employed Australians have no income protection insurance even though it’s tax deductable!<

Your can help protect your income against these worrying statistics with Income Protection Insurance

>Source: Zurich research from The Institute of Actuaries data 2000
<Source: The Investment and Financial Services Association July 2005 survey

Your Business

Did you know?

Small to Medium Enterprises (SME’s) with turnovers of less than $3 million were the best performing business sector in 2009>

BUT – Less than 1 in 14 businesses have taken out any form of Business Insurance<

You can help protect you business and staff against these worrying statistics with Business Expenses Insurance, Keyperson Insurance, Business Loan Protection and Group Insurance

>Source: NAB SME Survey March 2010
<Source: Australian Small Business Market for Financial Services July 2002

Your Mortgage

Did you know?

In March 2010, The Reserve Bank of Australia estimated that over 27,000 households are in mortgage arrears.(90 days or more). The main triggers being loss of income, unemployment, rising interest rates, sickness, accident and divorce>

You can help protect your mortgage against these worrying statistics with Mortgage Protection Insurance or Income Protection Insurance, Life Insurance, TPD Insurance and Trauma (Critical Illness) Insurance

>Source: Australian Housing and Urban Research Institute (AHURI) survey July 2010

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