Welcome to TAL Life Limited Australia

October 2025

Group life and disability insurance in Australia is currently predominantly provided through superannuation funds due to a combination of regulatory design, cost efficiency, and broad accessibility:

• Regulatory mandate: Under the Superannuation Industry (Supervision) Act 1993, most members of default superannuation products (MySuper) are required to be provided with Death and Total Permanent Disability (TPD) insurance unless they opt out. This legislative framework ensures that the majority of working Australians automatically receive basic life and disability coverage.
• Automatic cover: Group insurance through superannuation is automatically provided to employees without the need for individual underwriting or health checks for the entry-level insurance offered.
• Cost efficiency: Generally, insurance purchased through super is cheaper due to volume discounts provided to the superannuation funds. 

As the market evolves, some employers are exploring complementary employer-owned insurance solutions to enhance flexibility, align with global compensation strategies, and meet the specific needs of diverse employee populations.

We’re excited to announce that TAL Life Limited Australia (TAL) has joined the International Group Program (IGP) Network as our new partner in Australia.

This partnership allows multinational companies operating in Australia to incorporate group life insurance plans with TAL—including Death, Total Permanent Disability (TPD), and Income Protection—into multinational pooling or captive reinsurance. 

TAL is Australia’s leading life insurance specialist, protecting over 5 million¹ Australians across group, retail, and direct channels. In FY2024/2025 alone, TAL paid AUD 4.7 billion in claims to more than 54,000 customers and their families². With over 150 years of experience, TAL is also recognised as a Workplace Gender Equality Agency (WGEA) Employer of Choice for Gender Equality, ten years running.

As part of the Dai-ichi Life Group, TAL brings global scale, deep local expertise, and a strong commitment to innovation and holistic employee wellbeing.

TAL recognises the growing importance of the corporate segment within the Australian market. This new partnership provides global brokers and multinational clients with greater flexibility in designing employee benefits that:

• align with global benefit strategies
• enhance the employee value proposition
• offer integrated health and wellbeing services
• support talent retention and workforce resilience

TAL’s participation in IGP reflects a shared ambition to support employers and their people with tailored, future-ready protection solutions in Australia.

Life insurance provides a lump-sum payment in the event of an employee's death or diagnosis with a terminal illness. This benefit can help cover expenses such as funeral costs, outstanding debts, and ongoing living expenses. Employees can select an uncapped level of life insurance, with the option for the benefit amount to increase annually in line with inflation if inflation protection is chosen.

Income Protection offers a monthly benefit if an employee is unable to work due to illness or injury. This ensures they can maintain their standard of living and cover expenses while focusing on recovery and returning to work. An Income Protection policy allows members to receive up to 75% of their income, with a maximum benefit of AUD 30,000 per month. Employees can also customise their waiting period (the time before payments begin) and benefit period (the duration of monthly benefits) to fit their needs and budget.

TPD insurance provides a lump sum benefit of up to AUD 3 million if an employee becomes totally and permanently disabled due to illness or injury and is unable to work again. This benefit can be used to access necessary medical care and cover household bills, offering financial security during challenging times.

TAL distinguishes itself in the Australian group insurance market through its evidence-based health, wellbeing and support services designed to assist employees recovering from illness or injury. These services are part of TAL’s group life offering and includes tailored cancer care programs in partnership with Valion Health, fatigue management strategies, and physical rehabilitation plans delivered by providers like Exphys and Guardian Exercise and Physiologists. TAL also offers mental health coaching, return-to-work planning, and financial wellbeing support, ensuring a holistic approach to recovery.

In addition to its broad suite of health support services, TAL’s external Medical Specialist Advisory Board sets a benchmark for how they integrate expert medical advice into claims decisions. This board is comprised of experts in medical practice, mental health, chronic disease management, occupational therapy and preventative care, helping to ensure TAL remains aligned with the latest clinical advancements and best practices. Established alongside TAL’s in-house Health Services team in 2016, this structure supports the integration of the latest medical insights into product design, underwriting, and claims processes.