Are my insurance premiums tax deductible?

Income Protection Insurance premiums are generally tax deductible, whether you are insured with NobleOak or any other insurer.

However, Life Insurance, Total and Permanent Disability Insurance, and Trauma Insurance are generally not tax deductible for most taxpayers when insuring themselves.

If you are purchasing Life and TPD insurance for business purposes, then your tax situation may differ. In this case, and for all queries about taxation, we recommend you seek advice from your accountant or financial adviser.