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NobleOak life insurance review

NobleOak life insurance is one of the cheapest providers on the market, plus it can pay out up to $25,000,000 – but your premiums will increase as you get older.

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Our verdict

  • It's our 2019, 2020, 2021, 2022 and 2023 Finder Awards winner for Best Life Insurance.
  • It's good for accepting claims. It has a claims acceptance rate of 96.90%.
  • It's price competitive. On average, it's the cheapest life insurance policy available on Finder.
  • It only offers stepped premiums (these increase in price as you age).
  • It's not good if you want a funeral advancement of more than $15,000.

Maximum Cover


Maximum Age


Total & Permanent Disability Cover

Trauma Cover

Congratulations, NobleOak!

NobleOak received the highly commended award for 'Life Insurance' in the 2024 Product Awards.

Full list of 2024 winners

Compare key features of NobleOak life insurance and get a quote today

Name Product Maximum Cover Maximum Entry Age Terminal Illness Benefit Claims Acceptance Rate Average Claim Time Sum Insured
NobleOak Life Insurance
Finder AwardBonus
NobleOak Life Insurance
1.1 months
$24,483 million
Our verdict: Finder Life Insurance Award winner for the last 5 years in a row. Good value for money, simple application process and a high claims acceptance rate.

⭐ Current offer: Get two months free on all cover types apply by 14 June 2024. T&Cs apply.
NobleOak TPD Insurance
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Get fully underwritten TPD cover that can be shaped in a way that takes into account your job and other circumstances. The $5 million benefit limit is – alongside RAC – the highest sum on Finder.
NobleOak Trauma Insurance
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Get a quote for up to $2,000,000 in Trauma Cover.

Get 2 months free

Expires 14 Jun 2024
On all cover types apply by 14 June 2024. T&Cs apply.

Why compare life insurance with Finder?

  • You pay the same price as buying directly from the life insurer.

  • We're not owned by an insurer (unlike other comparison sites).

  • We've done 100+ hours of policy research to help you understand what you're comparing.

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NobleOak life insurance

There's no adviser with NobleOak's Premium Life Direct policy, which means no adviser fees. It's good if you're happy to work out how much life insurance you need yourself but less so if you want the security of a financial adviser.

NobleOak life insurance comes with the following benefits:

  • Life insurance. Your beneficiaries (e.g. your family) can receive up to $25,000,000 when you die, subject to underwriting. This is a larger amount than any of the other 25 insurers we reviewed. However, most people probably won't need a life insurance payout this big.
  • Terminal illness benefit. If you're diagnosed with a terminal illness, you can claim all of your life insurance benefit. Most insurers offer this benefit.
  • Financial advice benefit. NobleOak will pay up to $2,000 for the cost of a qualified financial adviser for benefits in excess of $200,000. If you're worried this isn't enough, you might want to opt for NobleOak's My Protection Plan – this comes with a $5,000 financial advice benefit.
  • Grief counselling benefit. Some other insurers offer this. You can get up to $1,000 for grief counselling for you or your loved ones.
  • Premium freeze benefit. If your premium is becoming unaffordable, you can freeze your premium amount so it doesn't increase any more. However, this will lower your cover sum insured.
  • Future increases benefit. This lets you increase your cover amount by the lesser of $100,000 or 20% of the original cover amount without having to provide any further medical evidence.​​

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Optional add-ons

You can add the following optional extras onto your NobleOak life insurance policy:

  • Trauma insurance. This gives you up to $2,000,000 of your life insurance payout if you suffer a serious, listed medical condition. To apply: You must be an Australian resident and have an insurable health status at the time of application. The minimum entry age is 18 and the maximum age is 59. Cover expires at 70.
  • Total and permanent disability insurance. This can pay you a lump sum if you become permanently disabled. The benefit will reduce your life insurance cover and after you reach 65, your TPD benefit will be reduced by 10% each year until you are 75. To apply: You must be an Australian resident and have an insurable health status at the time of application. The minimum entry age is 16 and the maximum age is 59.
  • Disability income insurance. This replaces 70% of your lost income up to $30,000 per month if a serious illness or injury forces you to temporarily stop work. To apply: You must be an Australian resident aged between 18 and 55 and have an insurable health status at the time of application. You must also be employed, working at least 20 hours per week and earning no less than $1,500 a month (the minimum insurable income limit).

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How much does NobleOak life insurance cost?

Prices in the table below are an average taken from NobleOak based on a non-smoking office worker. These prices show an average weekly premium and should only be taken as a rough guide. We got these quotes in October 2022 and are subject to change.


NobleOak life insurance costs: Female

Age$200,000 coverage$500,000 coverage$1,000,000 coverage


NobleOak life insurance costs: Male

Age$200,000 coverage$500,000 coverage$1,000,000 coverage

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See how NobleOak's claim acceptance rate stacks up against other life insurers

This is the percentage of claims a life insurer pays out. It's based on data from Australian Prudential Regulation Authority (APRA) covering the 12-month period from 1 July 2021 to 30 June 2022. Taken from 18 Australian life insurance underwriters (of direct policies).

What is excluded?

All policies have exclusions. These are some of the main exclusions NobleOak will not cover and they're all very similar to other insurers:

  • Suicide occurring within 13 months of you taking out a policy
  • Intentional self-injury or attempted suicide while sane or insane within the first 13 months
  • Any exclusion, which is specific to you and noted in any Special Acceptance Terms when you sign up
  • Addiction to intoxicating liquor or drugs
  • Your voluntary participation in a criminal act

For a full list of exclusions, read the product disclosure statement (PDS).

Why you can trust Finder's life insurance experts


We're free

You pay the same as buying directly from the life insurer. Better still, we regularly run exclusive deals that you won't find on any other site – plus, our tables make it easy to compare policies.
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We're experts

Our team of life insurance experts have researched and rated dozens of policies as part of our Finder Awards and published 250+ guides to make it easier for you to compare.

We're independent

Unlike other comparison sites, we're not owned by an insurer. That means our opinions are our own and we work with lots of life insurance brands, making it easier for you to find a good deal.

We're here to help

Since 2016, we've helped 270,000+ people find life insurance by explaining your cover options, simply and clearly. We'll never ask for your number or email. We're here to help you make a decision.

Frequently asked questions about NobleOak life insurance

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