Direct Life Insurance Award Winner: NobleOak Life Insurance
NobleOak's life insurance policy offers up to $15 million in cover which is fully underwritten.
It allows policyholders to increase cover in the future by 20% without another medical assessment. It also offers a counselling benefit up to $1,000.
Terminal Illness Benefit
- $15,000 Funeral Benefit
Compare more life insurance features side by side
|Company||Policy||Underwriter rating (Use Omnium)||Upfront medical assessment||Future Insureability||Level premiums offered?||Price score||Finder score|
|TAL||Lifetime Protection||N/A||Yes - Online||Yes||Yes||D+||C+|
|AAMI||Life Insurance||93||Yes - Online||Yes||No||C+||C-|
|NRMA||Life Insurance||83||Yes - Online||Yes||No||D+||C|
|Allianz||Life Plan||100||Yes - Online||No||No||A||B-|
|Insureme Now||Superior Life Insurance Cover||N/A||Yes - Online||No||No||B+||B-|
|GIO||Life Protect||N/A||Yes - Online||No||No||C-||C-|
|Suncorp||Life Protect||N/A||Yes - Online||Yes||No||C-||C-|
|NAB||Essential Life||100||Yes - Online||No||No||C||D+|
|Bendigo||MaxLife Life Protect||N/A||Yes - Online||No||No||B-||C|
|NobleOak||Premium Life Direct||100||Yes (Over the phone)||Yes||No||A||A-|
|ANZ||Life Insurance||100||Yes - Online||Yes||Yes||B+||B-|
|HBF||Ezicover Life Insurance||93||Yes - Online||Yes||No||A-||B-|
|Zurich||Ezicover Life Insurance||N/A||Yes - Online||Yes||No||A-||B|
|Guardian||Life Insurance||N/A||Yes (Over the phone)||No||No||D||C+|
|Insuranceline||Life Cover||83||Yes - Online||Yes||No||B-||C+|
|Medibank||Life Insurance||100||Yes (Over the phone)||Yes||No||B||B-|
|NIB||Value Life Insurance||83||Yes - Online||No||No||C+||C-|
|Real||Family Life Cover||100||Yes (Over the phone)||No||No||C||C+|
|AHM||Life insurance||N/A||Yes (Over the phone)||Yes||No||B||B-|
There are three ways you can purchase life insurance in Australia:
- Direct (bought from an insurance brand)
- Retail (bought with an adviser)
- Super (cover that's included with your superannuation)
Here are the top life insurers in regards to claims outcomes for each category.
Best direct life insurer for claims outcomes: ClearView
Here's why ClearView Life Insurance bought directly has an excellent claims score.
Best retail life insurer for claims outcomes: TAL
Here's why TAL Life Insurance bought with an adviser has a high claims score.
Best super life insurer for claims outcomes: MetLife
Here's why MetLife Life Insurance bought through super has a high claims score.
Best life insurance for various categories
When looking at which insurer offered the best choices for older Aussies, we looked at three key areas: minimum sum insured, the maximum entry age and the policy expiry age. It turns out that both TAL and Qantas scored well according to our algorithm.
Best income protection insurance policy
Winner: Virgin Income Protection Insurance
* The products compared on this page are chosen from a range of offers available to us and are not representative of all the products available in the market. There is no perfect order or perfect ranking system for the products we list on our Site, so we provide you with the functionality to self-select, re-order and compare products. The initial display order is influenced by a range of factors including conversion rates, product costs and commercial arrangements, so please don't interpret the listing order as an endorsement or recommendation from us. We're happy to provide you with the tools you need to make better decisions, but we'd like you to make your own decisions and compare and assess products based on your own preferences, circumstances and needs.
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