Clearview Life Insurance Review 2024


Originally known as NRMA Life in 1976, ClearView emerged to offer a range of insurance solutions, including ClearView LifeSolutions – with flexible life insurance products available within or outside super.

Key Points

  • Life cover of up to $20 million*

  • Guaranteed annual sum insured increase to accommodate for CPI

  • The option to choose Flexi linking – which is a way of connecting superannuation and non-superannuation covers which allows you to have different policy owners for each type of cover.

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What types of cover does ClearView offer?

Nobody likes thinking about falling ill, having an accident or worse, but it’s important to be prepared if something were to happen to you. It’s all about providing a secure financial future for anyone who depends on you.

If you’ve got no dependents but not much in the way of savings, you may simply want income protection to cover your bills. Have a history of illness in your family? You may want to consider trauma (critical illness) cover. And if you have a growing family or big financial commitments like a mortgage, you might prefer the reassurance of life cover.

ClearView offers a range of flexible options, some of which you can pay for through your super

Life cover

ClearView Life Cover provides a lump sum payment that can help to pay off debts, cover everyday living expenses and assist with your dependents’ future needs. 

Key features:

  • A lump sum payment if you die or are diagnosed with a terminal illness

  • Built-in benefits at no charge, including indexation, and premium suspension or premium freeze

  • An immediate expenses benefit of up to $25,000 in advance to cover things like funeral costs (only available if life cover is held outside super)

Trauma cover (Critical illness cover)

ClearView Trauma Cover gives you a lump sum for an extensive range of critical illnesses, from cancer, to dementia, to heart disease. 

Key features:

  • A lump sum payment if you’re diagnosed with a specific trauma condition

  • Cover for an extensive range of critical conditions, including a heart attack, coma, Parkinsons, stroke and more

  • Trauma Plus option which includes six extra conditions, including blindness in one eye and type 1 diabetes

Total permanent disability (TPD)

If you suffer a serious injury or illness, you may be forced to stop working. TPD insurance gives you one less thing to worry about. 

There are different levels of cover – any occupation, own occupation, home duties and non-working. Our TPD guide has more information on how this type of cover works.

Key features:

  • One-off payment if you suffer a total and permanent disability

  • Offers a partial payment for loss of limbs and/or sight

  • Monthly premium waived while involuntarily unemployed

Income protection

Your ability to earn an income is one of your greatest assets, so it makes sense to protect it. ClearView Income Protection takes the pressure off so you can focus on getting back on your feet. 

ClearView can cover up to 70% of your monthly income if you can’t work because of illness or injury. Choose between three products; Income Protection, Income Protection Flex with Extended Income Support Option or Income Protection Flex. 

Key features:

  • Monthly payments to replace part of your income if you can’t work because you’re sick or injured

  •  TPD Lump Sum benefit which to cover you for a lump sum pay out if you have been on an Income Protection claim for three or more years

  • Choose a waiting period from 30 days to two years

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What member benefits does ClearView offer?

Some policies feature extra benefits, including Indexation – where your sum increased will be automatically increased based on the CPI. 

You could also request a premium freeze and in some cases a Financial Advice Benefit where ClearView will reimburse the cost of engaging a financial adviser after a lump-sum benefit has been paid out. The Financial Advice Benefit is included within every non-super policy with ClearView.

Can I get ClearView Life Insurance through my superannuation?

Yes, you can get Life, TPD and Income Protection through your super. Compare Club can help with this

Trauma/Critical Illness cover isn't available with your superannuation through any insurer. 

Want to know more about how life insurance works with superannuation?Read our guide.

Performance of Clearview

According to, Clearview's number of finalised claims between 1 July 2020 and 30 June 2021 is too small to provide a reliable reading on how long, on average, they take to pay a claim, as well as their claims acceptance rate.

The industry average during this period for claiming on advised life insurance policies is 1.5 months to settle a claim, with a 96.6% acceptance rate. Clearview has a 15.6% policy cancellation rate, which is slightly higher than the industry average of 13.6%.

Maximum cover amount*

  • Life cover – $20 million 

  • TPD – $5 million 

  • Trauma cover (Critical illness) – $2 million 

  • Income protection – $30,000 per month (including any superannuation contributions)

Maximum entry age

  • Life cover – 75 (stepped premium), 60 (level premium)

  • TPD – 60

  • Trauma cover (Critical illness) – 60

  • Income protection – 60

Expiry age

  • Life cover – 99 

  • TPD – 65 

  • Trauma cover (Critical illness) – 65

  • Income protection – 65

Key exclusions

ClearView Insurance has listed its key exclusions by product type. You can see them below.

Life cover

A Life Cover claim will not be paid if the Life Insured’s death was caused or contributed by:

  • Suicide within the first 13 months of the date that the Life Cover starts, if there is an increase in the premium amount or the date on which the cover was last reinstated

  • Something ClearView has specifically excluded, as stated on your policy certificate


A TPD Cover claim will not be paid if total and permanent disablement is either caused, or contributed to, by,

  • A self inflicted injury or attempted suicide

  • You committing or attempting to commit a criminal offence

  • Something ClearView has specifically excluded, as stated on your policy certificate

Trauma Cover (Critical illness)

A Trauma claim will not be paid if:

  • The sickness, injury or death is caused directly or indirectly by an intentional self-inflicted act, suicide or an attempted suicide

  • Occurs within the 90 day qualifying period where your application for Trauma cover was received, an increase in benefit amount was requested or the date the cover is last reinstated

  • Something ClearView has specifically excluded, as stated on your policy certificate

Income protection

ClearView will not pay any benefit under their two out of three  income protection options, which are Income Protection Cover and Income Protection Flex Cover if your disability, sickness, injury or death is caused directly or indirectly by:

  • An intentional self-inflicted act, suicide, or attempted suicide

  • War or act of war (whether declared or not)

  • You committing or attempting to commit a criminal offence

  • Normal or uncomplicated pregnancy or childbirth

  • Elective surgery which you voluntarily undergo within the first six months of the commencement of cover, an increase in the insured monthly benefit amount or the date the cover is last reinstated

  • Something ClearView has specifically excluded, as stated on your policy certificate

ClearView Life Insurance costs

Everybody’s different, so your premium will be based on your individual circumstances, including your age, occupation and your insurance needs.

That's where Compare Club's specialists can help, by working out what type of policy could be right for you at a cost that fits in with your budget.

Of course, it’s worth consulting a financial advisor before making any financial decisions.

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Who owns ClearView Life?

ClearView LifeSolutions is owned by ClearView Wealth Limited.

Do I need a medical exam to get life insurance with ClearView?

Possibly yes, as the underwriter may require blood tests/ quick overall health checks to be done.

Does smoking affect my premiums?

Yes. Smokers can pay up to 50% more for their premiums than non-smokers.

Does Clearview life insurance include funeral cover?

An Immediate Expenses benefit of up to $25,000 is included with Life Cover held outside of super.

Is it easy to cancel ClearView Life Insurance?

Yes. You can cancel in writing within the cooling off period, which is 30 days from the start date of your policy you receive at no cost to you. You can cancel at any time after the cooling off period in writing; however, premiums paid through monthly instalments are not eligible for a refund.

Where can I buy life insurance with ClearView?

Compare Club’s life insurance experts can help you find an affordable policy quickly and easily, and take care of the paperwork for you.

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The information contained in this guide is of general nature only and has been prepared without taking into consideration your objectives, needs and financial situation. As such, it is important that you consider the appropriateness of any advice and the relevant product disclosure statement (PDS) before proceeding. Any opinions expressed within an article are those of the author and do not specifically reflect the views of Life Insurance Comparison Pty Ltd.