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Life Insurance Companies in Australia

Compare 25+ life insurance companies in Australia — see our top picks and check out prices to find the right brand.

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Top life insurance companies in Australia: 2021 finalists

Compare life insurance brands and prices

To give you an idea of how much life insurance costs, we requested quotes from 18 different insurers using the profile of a 40-year old, non-smoking accountant with 100K annual income, has no pre-existing medical conditions and is seeking $500,000 life insurance.

The pricing in the table is the premium amount per month.

BrandFemale quoteMale quoteFind out more
NobleOak logo$22.50$28.58Go to Site
medibank logo$42.50$54.74Go to Site
Zurich logo$37.72$47.60Go to Site
ahm logo$40.38$52.00Go to Site
RAC logo$27.89$35.43Go to Site
TAL logo$16.25$21.02Go to Site
OnePath logo$17.49$21.94More info
ClearView logo$19.93$24.73More info
MLC logo$22.57$29.68More info
AIA logo$23.80$29.87More info
BT logo$32.00$39.24More info
Allianz logo$31.31$40.33More info
RACQ Logo$48.25$56.38More info
Bendigo bank logo$51.12$60.15More info
AAMI logo$53.01$66.50
Insuranceline logo$53.01$66.50More info
Suncorp logo$53.01$66.50More info
Woolworths logo$67.53$84.15More info

*These quotes were accurate as of December 2021.

What's the difference between a life insurance company and a brand?

  • Companies. These are the ones who create the policy and assess the risk of the applicant,
  • Brands. This is who distributes and sell the policies to customers online or through advisers.

Note: A company can also be a brand, e.g. TAL also sells under its own brand TAL.

There are currently 27 listed life insurance companies in Australia, according to the latest Australian Prudential Authority (APRA) (29 June 2021). These are:

  • AIA Australia Limited
  • Allianz Australia Life Insurance Limited
  • AMP Life Limited
  • Asteron Life & Superannuation Limited
  • Challenger Life Company Limited
  • ClearView Life Assurance Limited
  • Combined Life Insurance Company of Australia Ltd
  • General Reinsurance Life Australia Ltd
  • Hallmark Life Insurance Company Ltd.
  • Hannover Life Re of Australasia Ltd
  • H C F Life Insurance Company Pty Limited
  • Integrity Life Australia Limited
  • Macquarie Life Limited
  • MetLife Insurance Limited
  • MLC Limited
  • Munich Reinsurance Company of Australasia Limited
  • OnePath Life Limited
  • Pacific Life Re (Australia) Pty Limited
  • QInsure Limited
  • RGA Reinsurance Company of Australia Limited
  • RLNM Limited
  • SCOR Global Life Australia Pty Limited
  • St Andrew's Life Insurance Pty Ltd
  • Swiss Re Life & Health Australia Limited
  • TAL Life Limited
  • Westpac Life Insurance Services Limited
  • Zurich Australia Limited

Search our A-Z list of life insurers

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2 Responses

  1. Default Gravatar
    SharonJuly 4, 2017

    Which type of provider is safest?

    Health providers ie medibank or long standing insurance companies such as RAC?

    • Avatarfinder Customer Care
      MayJuly 4, 2017Staff

      Hi Sharon,

      Thanks for reaching out.

      Both brands are actually safe. Please note that all banks and insurers in Australia are overseen by the Australian Prudential Regulation Authority (APRA) and consumer complaints can be submitted through the ombudsman.


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