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Children’s Insurance Option

This option is only available with Life Insurance. You only have this cover if we accepted your application and it is shown in your Policy Schedule.

1. What is Children's Insurance?

Children's Insurance provides a benefit in the event the Child Insured suffers a death by any cause, Terminal Illness, Blindness, Deafness, Total and Permanent Loss of Use of One Limb, Encephalitis, Major Head Trauma, Meningitis, Paralysis, Benign Tumour of the Brain or of the Spinal Cord, Cancer, Severe Burns, Chronic Kidney Failure or Major Organ Transplant at least three months after the day cover starts, while covered under the Policy. These medical conditions are defined in the "Glossary".

2. Children's Insurance eligibility

If you (and/or Partner Life Insured) are a parent or legal guardian of a child, you can apply for this Insurance cover for the child, if the child is aged between 2 and 17 years of age, and the child is an Australian Resident.

3. Children's Insurance Benefit Amount

You can apply for an Insurance Benefit Amount from $20,000 up to a maximum of $50,000 for each Child Insured under the Policy (in increments of $10,000).

4. Children's Insurance benefit payment

We will pay the benefits explained below if the Child Insured of a Life Insured suffers an insured event; namely death from any cause, Terminal Illness, Blindness, Deafness, Total and Permanent Loss of Use of One Limb, Encephalitis, Major Head Trauma, Meningitis, Paralysis, Benign Tumour of the Brain or of the Spinal Cord, Cancer, Severe Burns, Chronic Kidney Failure or Major Organ Transplant while covered under the Policy except in the circumstances explained in "Children's Insurance exclusions".

Only one Benefit Amount is payable per Child Insured. Once a Benefit Amount has been paid for a Child Insured, the Children's Insurance will cease and no further claims can be made.

Death from any cause

We will pay the Children's Insurance Benefit Amount as a lump sum in the case the Child Insured dies from any cause, or is diagnosed with a Terminal Illness, at least three months after the day cover starts, providing we have paid no Children's Insurance Benefit Amount in relation to a serious injury or illness for that Child Insured.

Accidental Death

We will pay the Children's Insurance Benefit Amount as a lump sum in the case of Accidental Death of the Child Insured providing we have paid no Children's nsurance Benefit Amount in relation to a serious injury or illness for that Child Insured.

Serious injury or illness

We will pay the Children's Insurance Benefit Amount as a lump sum in the event the Child Insured suffers Blindness, Deafness, Total and Permanent Loss of Use of One Limb, Encephalitis, Major Head Trauma, Meningitis, Paralysis, Benign Tumour of the Brain or of the Spinal Cord, Cancer, Severe Burns, Chronic Kidney Failure or Major Organ Transplant as a result of injury or illness while covered under the Policy, except in the circumstances explained in "Children's Insurance exclusions".

Where we have paid a Children's Insurance Benefit Amount in relation to serious injury or illness, there are no further benefits payable under this Children's Insurance option for that Child Insured.

The injury or illness condition must be diagnosed by a Medical Practitioner and confirmed by our medical advisers.

Limit on benefits

Only one Benefit Amount is payable per Child Insured. The total benefit payable cannot exceed $50,000 for each Child Insured, plus any automatic sum insured increases.

If the Child Insured is covered for Children's Insurance under more than one Guardian Life Insurance Policy, we will apply this limit to the total of the Children's Insurance Benefit Amounts payable for the Child Insured under all Guardian Life Insurance policies. Any reduction in the Children's Insurance Benefit Amount will be applied to the Children's Insurance most recently commenced and we will refund the premiums paid referable to the amount by which the Children's Insurance Benefit Amount is reduced.

5. Children's Insurance premiums

The premium you are required to pay for this option when the Policy starts is shown in your Policy Schedule. The premium is calculated at each Policy Anniversary and is based on the Benefit Amount provided for each Child Insured.

For a premium quote you can contact a Guardian Insurance Consultant on 1300 709 560 (Monday to Friday between 8am and 8pm AEST).

6. Children's Insurance exclusions

We will not pay a Benefit Amount if the Child Insured suffers Blindness, Deafness, Total and Permanent Loss of Use of One Limb, Encephalitis, Major Head Trauma, Meningitis, Paralysis, Benign Tumour of the Brain or of the Spinal Cord, Cancer, Severe Burns, Chronic Kidney Failure or Major Organ Transplant directly or indirectly as a result of:

  • a Congenital Condition; or
  • the intentional act of the Policyowner or person who will otherwise be entitled to all or part of the Benefit
  • Amount; or
  • an injury which occurs or an illness which becomes apparent, before the Children's Insurance for the Child
  • Insured starts, or during the first three months after the date that the Children's Insurance starts or, if reinstated,
  • the reinstatement date. We will pay for any new and unrelated occurrence of Blindness, Deafness, Total and
  • Permanent Loss of Use of One Limb, Encephalitis, Major Head Trauma, Meningitis, Paralysis, Benign Tumour of
  • the Brain or of the Spinal Cord, Cancer, Severe Burns, Chronic Kidney Failure or Major Organ Transplant suffered
  • by the Child Insured after this three month period, while covered under the Policy; or

We will not pay for a Children's Insurance Benefit Amount if the Child Insured dies or is diagnosed with a Terminal Illness which becomes apparent before or during the first three months after the Children's Insurance starts or, if reinstated, the reinstatement date.

7. Children's Insurance start and end

If your application for Children's Insurance is accepted by us, then Children's Insurance starts on the Acceptance Date. If we agree to add Children's Insurance to your Policy after the Acceptance Date, we will advise you of the date the Children's Insurance starts.

The Children's Insurance ends for the Child Insured when the first of the following occurs:

  • the date of death of the Child Insured; or
  • the date of payment of a Children's Insurance Benefit Amount for the Child Insured; or
  • the date you cancel the Policy; or
  • the date we cancel the Policy; or
  • the date you cancel this cover; or
  • the Policy Anniversary following the Child Insured's 21st birthday.
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