Best life insurance in Australia July 2026

Best Overall

Finder Award

TAL Accelerated Protection Life Insurance

Get Quote

T&Cs apply

2026 Finder Award winner

Best Customer Satisfaction

Medibank Life Insurance

Get Quote

T&Cs apply

2025 Finder Customer Satisfaction Award

Best Claims Experience

NobleOak Life Insurance

Get Quote

T&Cs apply

High claims acceptance rate

The best life insurance for you will depend on your budget and personal circumstances. Our experts have chosen a bunch of picks that will suit a range of people, but these should only be used as a guide. You should always read the product disclosure statement (PDS) to know if a product is a good fit for you.

Best life insurance

• Best life insurance: TAL Accelerated Protection Life Insurance
• Best for customer satisfaction: Medibank Life Insurance
• Best claims experience: NobleOak Life Insurance

How we calculate Life Insurance Finder Scores

Read full methodology

What different scores mean

9+

Excellent

These products offer great value, with a good score across both features and price.

7+

Great

These are competitive products, though they didn't quite get top scores.

5+

Standard

These products might offer less value or command a higher premium than others in the market.

0+

Basic

These products might only offer a basic set of features or aren't very competitive on price.

Finder Score	Maximum Cover	Funeral Benefit	Optional TPD Cover	Optional Trauma Cover
Best life insurance
Finder score 9.9 Excellent TAL Accelerated Protection Life Insurance Finder Award	Finder score 9.9 Excellent	Maximum Cover No set limit	Funeral Benefit $25,000	Optional TPD Cover $3 million (maximum cover)	Optional Trauma Cover Yes	Get up to 15% off your TAL Life, Trauma or TPD insurance policy for life - if you have a Body Mass Index (BMI) between 19 and 28 at the time of your application. T&Cs apply.	Get Quote View details Compare product selection Compare	loading	Why we like it TAL won the 2026 Finder Award winner for best life insurance provider. It's a great value policy; includes decent coverage with high benefit limits, yet remains one of the cheapest policies we could get online quotes for. And there is no set limit for the maximum cover available - it's the only insurer to do this. Pros & cons Pros Generous funeral benefit of $25,000 Cons Below-average claims acceptance rate of 87.6% Total and permanent disability cover limited to $3 million
Best for customer satisfaction
Finder score 9.3 Excellent Medibank Life Insurance	Finder score 9.3 Excellent	Maximum Cover $2.5 million	Funeral Benefit $15,000	Optional TPD Cover $1.5 million (maximum cover)	Optional Trauma Cover Yes	Discount: Get your first 2 months free when you apply and get cover by 03 Aug 2026, using promo code MB2MF. T&Cs apply.	Get Quote View details Compare product selection Compare	loading	Why we like it Medibank won the 2025 Finder Customer Satisfaction award. That's because it scored highly in areas of customer satisfaction, ease of application, value for money and features & benefits. 91% of Medibank customers surveyed said Medibank is a trustworthy and reliable brand. Pros & cons Pros Medibank health members get 10% off premiums each year Cons $2.5million max cover cap is lower than some Only offers stepped premiums which increase as you age
Best claims experience
Finder score 9.5 Excellent NobleOak Life Insurance	Finder score 9.5 Excellent	Maximum Cover $25 million	Funeral Benefit $25,000	Optional TPD Cover $5 million (maximum cover)	Optional Trauma Cover Yes	Get Quote View details Compare product selection Compare	loading	Why we like it NobleOak has a high 98.8% claims acceptance rate. This is above the industry average of 91.1%. It has a faster claim payout time of 1.9 months — the industry average is 2.7months for policies bought directly through an insurer. NobleOak has fewer disputes than average at just 7.5 disputes per 100,000 lives insured. The industry average is 26.5 disputes per 100,000. Pros & cons Pros High claims acceptance rate Fast claims payout time Cons Only offers stepped premiums, which increase as you age TAL was a few dollars cheaper on average

loading

5 best life insurance brands for customer satisfaction in 2024

We asked 500+ Australians to rate their life insurer for customer service, value for money and more — these are the winners.

Brand	Overall satisfaction	Trustworthy/reliable
	★★★★★ 4.27	91%
	★★★★★ 4.18	88%
	★★★★★ 4.16	94%
	★★★★★ 4.14	94%
	★★★★★ 4.09	91%

How to find the best life insurance policy

• Make a list of debts owing. Make a list and know what your loved ones would need to be financially stable in the event of your passing. This should take into account any mortgages, home loans, car loans, etc. This will let you know what the minimum amount for cover should be and this will help narrow down your search.
• Decide if you want cover for other unexpected events. This includes things like trauma cover, total and permanent disability cover and income protection. This will help you know if you should look for a policy with lots of add ons or if a simple policy will suit you just fine.
• Know the state of your health. Your life insurance premium is largely dictated by the state of your health so to understand how to best go about getting cover, it can be helpful to know what kind of health you're in. The healthier you are, the more options you have. If you've got pre-existing conditions then you might like to get life insurance via a broker or look into options via your super.
• Compare at least 3 different options. The cost of life insurance can vary hugely between providers so it's important to get at least 3 different quotes so you have a good idea of what's out there. The admin can be a bit frustrating but it can be really costly to not take the time to compare.

FAQs

• Who is the best life insurance company in Australia?

  TAL life insurance won the 2026 Finder Award for Best Life Insurer because it offers thorough coverage with high benefit limits, yet remains one of the cheapest providers we researched. However, what's best for you will depend on your personal circumstances so you should always compare a few different providers to decide what's best for your needs.

• Who is the most trustworthy life insurance company?

  Finder research shows that HCF is one of the most trusted life insurance providers in Australia. On average, 97% Australians surveyed said HCF is a trustworthy brand.

• Which insurance company is best at paying claims in Australia?

  Clearview, St Andrews and NobleOak all have a great claims acceptance rate for policies bought directly from the provider. The industry average is 91.1%, here's the claims acceptance rate for those 3 brands:

  • ClearView - 100%
  • St Andrews - 100%
  • NobleOak - 98.8%

• Is it worth getting life insurance in Australia?

  If your family wouldn't be financially stable in the event of your death, then it's probably worth getting life insurance. If they'd manage okay, then it's probably not worth it.

To make sure you get accurate and helpful information, this guide has been edited by Jason Loewenthal and reviewed by Karen Eley, a member of Finder's Editorial Review Board.

Written by

Peta Taylor

Publisher of Insurance

Peta Taylor is a publisher at Finder, working across all of insurance. She's been analysing product disclosure statements and publishing articles for over 2 years. Peta is passionate about demystifying complex insurance products to help users make well educated decisions with confidence. Peta is part of Finder's insurance awards team and works alongside editorial and insights experts to bring users the best insurance products every year. See full bio

Co-written by

Gary Ross Hunter

Journalist

Gary Ross Hunter has over 6 years of expertise writing about insurance, including life, health, home, and car insurance. Having reviewed hundreds of product disclosure statements and published over 800 articles, he loves simplifying complex insurance topics for everyday readers. Gary has contributed to major outlets like Yahoo Finance, The Sydney Morning Herald, and news.com.au, and holds a Bachelor of Arts (Honours) in English Literature from the University of Glasgow, along with a Tier 2 General Advice certification, ensuring his work adheres to ASIC’s RG146 standards. See full bio

Gary Ross's expertise

Gary Ross has written 560 Finder guides across topics including:

• Health, home, life, car, pet and travel insurance
• Managing the cost of living