The benefits of bundled cover in life insurance

If you need the protection of multiple insurance products, bundling might be the solution. Bundling enables you to save time while earning a reduction in your total premium.

What is bundling insurance?

You can think of bundling as a product package for insurance. It allows you to purchase more than one insurance product from a single provider.

One such key bundle could be the trio of income protection, life insurance, and total permanent disability (TPD) cover. This bundle could cover you for a wide range of scenarios.

While income protection provides for a temporary inability to earn money, TPD provides for a life-long injury—and life insurance helps ensure that your loved ones will be looked after, in the event of your death.

What are the benefits of bundling insurance?

Bundling helps reduce the time and hassle associated with buying multiple insurance policies. Instead of having to communicate with various providers about various products, you pay a single provider for all the products you need—usually in one, straight-forward premium, paid fortnightly, monthly, or annually.

And whenever you need to seek advice or make a change to one of your policies, you only have to deal with one provider.

If you choose to bundle your cover, you may also have more options available to you. For example, if you bundled TPD with Life Insurance, you may have Life Buy Back available.

How does bundling insurance affect your premiums?

At times, bundling results in a reduction in the cost of your total premium—whether you buy two products or several.

What are the benefits of standalone insurance?

Standalone means that your insurances are not linked together; therefore you can keep your insurances independent. A benefit of choosing to structure your policy in this way is that if you make a claim there is no effect on the other insurances Benefit Amounts. If you don’t want to have an impact on your Benefit Amount, you can still purchase one, two, three, or all four insurances independently and receive the full Benefit Amount on acceptance of your claim^, however you may not receive a reduced premium that the product issuer might have offered if you bundled your policies.

If you would like to review how your insurance is structured or see if there are better options for you, please get in touch with our Oran Park office on (02)9188 1547 or email





The material shown in this article is for general information purposes only. It is not intended to be, nor should it be read as specific personal investment or risk advice.
Before acting on any of the information contained in this article you should obtain special advice from a specialist investment or risk professional, which is appropriate to your specific investment or risk needs, objectives, and financial situation.
Whilst all care is taken in the preparation of this material, no warranty is given with respect to the information provided, and accordingly, no responsibility for errors or omissions, including responsibility to any person by reason of negligence is accepted by RP Wealth Management.

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Ronald Pratap

Principal Financial Planner at RP Wealth Management | Financial Planning l SMSF I Insurance l Property Advisory. Our purpose is to provide our clients with sound advice and direction to assist with their financial affairs and help them make the best choices in achieving what is important to them.


Level 2, Suite 205
90 Podium Way
Oran Park NSW 2570

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