Existing Avant Life Insurance Plan policy holders
The Avant Life Insurance Plan (plan), which closed to new customers in October 2021, provides cover for life, total and permanent disability (TPD), trauma, and income protection directly to Avant members.
Continue to receive secure cover, with options to adjust or increase your existing protection.
If you are an existing plan policy holder you can continue to receive secure cover, with options to adjust or increase your existing protection (if eligible) – your policy number(s) will start with 2100 or 5100.
You can find information to manage your existing policy including paying your premiums, updating your policy information, contact detail, accessing policy documents, increasing your existing protection, or making a claim.
For policies from other insurers arranged by Avant, please call contact us to discuss your cover.
You can contact us or complete a payment authority form. Any missed premium payments will be debited from your account to bring your policy payments up to date.
Your policy will lapse due to the non-payment of premiums and the process for reinstating it will depend on how long it has been lapsed.
If your policy lapses:
- We will notify you of the date your payment is due to reinstate your cover.
- If you are unable to make a payment by this date, please contact us to discuss your options.
If you are experiencing vulnerability or financial hardship, and require support or assistance during this time, please get in touch with our Customer Service team. We can discuss options to help you through a difficult time. Alternatively, you may wish to speak with your financial adviser.
Yes, if you meet the above criteria.
You can apply to increase your cover at any time by completing an application. In some circumstances, you may be eligible to increase your cover without medical underwriting using the Future Needs Guarantee facility within your policy.
Contact us to discuss options or apply.
Lump Sums (Life, TPD, Trauma): If you meet eligibility criteria based on personal or professional events that occurred in the policy year, you may be able to increase your lump sum cover. This increase can be up to 25% without the need for medical underwriting.
Income protection: You may be able to increase your monthly sum insured by up to 30% without medical underwriting. This must be completed within:
- 30 days of your renewal, or
- 30 days of submitting your personal tax return,
Please refer to the Product Disclosure Statement for more information.
The litigation support benefit is only available to medical practitioners who are voting members of Avant and insured under an Avant Practitioner Indemnity Insurance Policy or Avant Intern/RMO1 Indemnity Insurance Policy.
What does it cover?
If you meet the eligibility requirements outlined in the Product Disclosure Statement, the litigation support benefit will pay the lower of:
- the monthly sum insured stated on your plan schedule; or
- 50% of your pre-litigation income less any post-litigation income
Eligibility
You must:
- Be a voting member of Avant at the time of making a claim under this benefit.
- Have indemnity and legal representation provided by Avant under your Avant Practitioner Indemnity Insurance Policy or Avant Intern/RMO1 Indemnity Insurance Policy for:
- a disciplinary, criminal, or coronial matter
- a civil liability matter
- any other agreed matter.
- Experience a drop in income below 50% of your pre-litigation income.
For more information and conditions please read the Product Disclosure Statement.
The Client Portal is a communication tool we offer our members where they can ask questions about their policies, update information, submit related forms and download policy related documents).
Common Forms
Administration forms
Claim forms - Lump sum covers
Claims forms - Practice expenses cover
Disclaimers
Avant Life Insurance (Avant) is a registered business name of Doctors Financial Services Pty. Ltd. ABN 56 610 510 328 (DFS), a wholly owned subsidiary of the Avant Mutual Group. Avant Life Insurance products are issued by NobleOak Life Limited ABN 85 087 648 708 AFS Licence Number 247302 (NobleOak). All general insurance is issued by Avant Insurance Limited ACN 003 707 471 AFS Licence Number 238765 (Avant). DFS provides administration services on behalf of NobleOak in respect of life risk insurance policies previously issued by NobleOak and administration services on behalf of Avant in respect of general insurance policies previously issued by Avant.
The information provided here is general advice only (unless otherwise explicitly stated in writing) and may not be appropriate for you. General advice does not take into consideration your financial situation, objectives or needs. You should consider the appropriateness of the advice having regard to your own objectives, financial situation and needs before deciding to purchase or continuing to hold a policy or product with us.
For full details including the terms, conditions, and exclusions that apply, please read and consider the relevant policy wording and PDS, available by contacting us on 1800 128 268.