Life Insurance

NobleOak Wins Fifth Consecutive Canstar Direct Income Protection Award

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In an unprecedented win, NobleOak Life Limited (NobleOak) has been awarded Canstar’s Direct Income Protection Award for Outstanding Value for the fifth year in a row – a feat that has not been achieved by any other direct Life Insurance provider.

NobleOak’s Premium Life Direct Income Protection cover has been assessed by Canstar to be one of the market leading policies for both price and features, deemed to offer Outstanding Value to customers.

Anthony Brown, CEO of NobleOak said, “In a tough environment where there isn’t a lot of good news, we are delighted to receive this fifth award from Canstar that recognises the superior value our Direct Income Protection cover provides to clients.”

NobleOak has now won this prestigious award for five years in a row – 2016, 2017, 2018, 2019 and now again in 2020. This win follows closely NobleOak winning the Plan for Life Overall Direct Life Insurance Excellence Award for 2019 for the second consecutive year and the Life Insurance Company of the Year at the RFi Group Australian Insurance Awards for 2018. Recent awards from Mozo and Finder has cemented the insurer’s position as one of the most awarded direct Life Insurance companies in Australia.

Canstar, an expert financial services product rating agency, used their proprietary methodology to compare NobleOak’s product price and features with 16 products from 14 direct insurers.

Canstar’s Group Manager, Research and Ratings, Mitch Watson said,

“Income protection insurance may provide peace of mind if you are injured or ill and unable to work.”

“It’s important to know that like other insurances you need to take out cover in advance of an event occurring, such as the coronavirus. The current health crisis serves as an unfortunate reminder to think about how you could protect yourself and your family in future from loss of income from such events.”

Commenting on NobleOak’s award win, Mr. Watson said, “For anyone considering taking out cover, one of Australia’s leading income protection insurers, NobleOak has consistently shown dedication to providing outstanding value to its customers.”

“NobleOak is the only direct life insurer to win five consecutive Canstar Outstanding Value Awards for its Income Protection product. The primary driver of the consistently strong performance is its low premiums and the range of features on offer to its customers.”

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