What is the excess amount?

For policies purchased BEFORE you have departed Australia: the excess amount is the level of excess that you choose when you purchase your policy. Your premium will be affected by the excess that you choose. Selecting a higher excess will reduce your premium, whilst a lower excess will increase it. 

For policies purchased AFTER you have already left Australia: If you meet the eligibility requirements for our already overseas policies, the excess for already overseas policies is $500, and it is NOT possible to reduce or remove this excess. 

Eligibility criteria, policy terms, conditions, exclusions and limits apply. Consider the PDS prior to deciding on which policy is right for you and your needs.