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Finder Life Insurance Awards 2023

Our experts compared 10 policies – analysing 200+ features and 192 quotes to help you find the best life insurance products of 2023.

Best Life Insurance Best Life Insurer for 2023

NobleOak life insurance

NobleOak Life Insurance

NobleOak's life insurance policy won this year's Finder Award. The reasons it won include:

  • NobleOak offers low pricing along with some of the highest benefit limits and cover options around.
  • According to our latest 2023 research, NobleOak's average policy costs $1,540 per year. That's cheaper than 9 other providers including RAC, Allianz, Medibank and Suncorp.
  • It covers more than other insurers. For example, it can pay out up to $15,000,000 if you die or are diagnosed with a terminal illness.
  • You can add as much as $5 million in TPD cover – the most out of all 10 providers our experts analysed.

Finalist Life Insurance Highly Commended

TAL life insurance

TAL Accelerated Protection

TAL's life insurance scored highly as it couples a well-priced policy – it was the second cheapest provider across 4 age groups – with strong policy features, such as children's cover and advanced payment benefit of up to $25,000 to help with funeral expenses. It offers flexibility by not setting a maximum benefit limit. As well as offering interim cover as standard, TAL lets you add TPD, trauma or child cover to your policy in case you want full peace of mind with your cover.

RAC life insurance logo

RAC Life Insurance

RAC life insurance is underwritten by NobleOak. This means it offers similar cover levels, high benefit limits (RAC goes up to $25 million) and quality add-ons. Our research team found NobleOak more competitive than RAC on cost – by $75 per month on average – when looking at both smokers and non-smokers.

About Finder's Awards methodology

The Best Life Insurer Award for 2023 was based on 2 key factors: price and features. To determine the providers who are competitive on cost, we ran 192 quotes across 4 age groups: 30-, 40-, 50- and 60-year-olds.

To find the brands who offer top-quality cover, we compared 216 features and rated every single one of them. The features score was based on a 80/20 split of policy benefits and price.

Life insurance methodology

Why you can trust our awards

expert advice

Expert analysis

Our life insurance award winners are based on 200+ hours of research by our expert authors and insights team.


They're comprehensive

We researched 10 of Australia's most popular life insurance policies including AAMI, TAL, Allianz and NobleOak.


They're independent

Some winners may be partners but this never influences our decisions. All policies are based on a clear methodology and must meet editorial standards.

Meet our experts

James Martin insurance editor

James Martin

Editor for insurance

James is Finder's insurance editor. He oversees the editorial strategy for life insurance and speaks with industry experts on a daily basis.
Saranga Sudarshan awards analyst

Saranga Sudarshan

Insights Analyst, Finder Awards

Saranga is responsible for gathering the data that fuels the Finder Awards. He ensures our winners are based on facts, not biases.
Gary Ross Hunter insurance expert

Gary Ross Hunter

Senior Writer, Insurance

Gary is an insurance expert at Finder with over 5 years' of experience in life insurance. He's responsible for reviewing all of the features we analyse to help determine the award winners.

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