If you answered Yes to the following questions, then you need it. 

• In the event of an illness/accident/"off-the-earth" event, will it affect your future cash flow?
• Do you have an adequate back-up plan to provide the necessary financial security?
• Do you have responsibilities to pay off your home loan?
• Do you want to build a wealth moat for those who depend on you (family or children)? 
• Do you want to build a layer of leveraged protection for your property?
• Do you want to feel more secure in your future work and life? 
• Do you want a product with the widest coverage without worrying about which one is missing?
• Do you want to have multiple claims options to get claims in the event of a new illness that is not covered by the policy?

(For more applicable customers of insurance products, please refer to the Target Market Determination target market description in the compliance document file) 

Three-in-one insurance (also known as Active Cover) is currently the most unique comprehensive commercial health insurance in the Australian market. One policy, covering three types, not only includes critical illness protection clauses, but also claims for disability and life events.

In addition to the self-contained life insurance and disability insurance claims, the three-in-one insurance can claim up to 169 health conditions (the coverage far exceeds the critical illness insurance products of any insurance company on the market), and can also be paid according to the severity and corresponding proportions. Settlement of claims or multiple claims, to solve the needs of loan repayment, children's education, income support, asset leverage protection and other protection needs.

The 169 health events include: 

• cancer
• Cardiovascular
• brain and nerves
• Digestive
• kidney and urethra
• lungs
• Musculoskeletal
• Burns
• sensory
• inpatient
• AIDS
• diabetes
• Wait

Please refer to the Product Disclosure Statement (PDS) in the compliance document for the detailed terms of insurance, or you are welcome to click on the insurance comparison application form directly.

In general, events not covered by 3-in-1 insurance include: 

• Suicide within 13 months
• self-harm
• Pre-existing conditions cause disclaimer.
• Disease events within 90 days

Under normal circumstances, Australian three-in-one insurance is not bound for many years, and there is no mandatory cost. You can choose the premium you can pay according to your own situation, goals and needs. There are many factors that affect the premium, including: the amount insured, age, gender, premium structure, whether you smoke, whether there are existing health risks, etc. General insurance will have a "validity period", such as "validity until the age of 99". During the validity period, the policyholder can adjust or terminate it at any time according to the protection needs of himself and the beneficiary.

Can. The general pension can be used to pay the life and disability premiums in the three-in-one insurance, because critical illnesses can only be purchased under the individual's name.

Typically, these two sum assured can be customized separately to fit your pension and personal premium budget.

Yes, because these three types of insurance have different clauses and different protection objectives, which are complementary to each other.

Reminder: The minimum premium for child insurance is about $10 Australian dollars per year, and you can get about 1,000 times the protection leverage, which is very cost-effective. 

The amount of coverage you choose depends on your individual circumstances and needs. Everyone's situation is different, but generally there are a few main aspects to consider: 

Income: If I can't work, how much money do I need to maintain the quality of life in the future, even retirement? 

Loans: If there is no income, how can I help my family pay off the debt and keep the house?

Children: In the event of not being able to work, how can we ensure that our children's lives and education are not affected?

Of course, the higher the sum assured, the higher the premium will be. You also need to consider your insurance affordability. For example, many people may use less than 5-10% of their income to cover the cost of full family insurance. Everyone can freely customize the amount of insurance and premiums according to their own circumstances.

In a word, the golden principle of insurance for Hippo Wealth is to provide a long-term comprehensive protection without affecting the quality of life, and to find a balance point in the three aspects of insurance products, insured amount and premium.

If you are not sure, you can consult Hippo Fortune today to start customizing your policy.

The Australian government also provides a personal insurance policy calculator for your reference:

Life insurance calculator – Moneysmart.gov.au

• Who do I contact in the event of a claim?

In the event of an insurance claim event, please contact the Hippo Insurance team at [email protected] as soon as possible; we will inform the insurance company according to your claim event and prepare the supporting documents required for your claim.

• Are there any additional charges for claims service?

As an added value, the claims service provided by Hippo Wealth to Hippo Insurance members is free of charge.

• Can I contact the insurance company directly? 

Can. Because your insurance policy is a legal contract between you and the insurance company, you can also contact your insurance company directly to file a claim.