NobleOak Clinches 9th Consecutive Canstar Outstanding Value Income Protection Award

At NobleOak we are committed to offering value to Australians through quality affordable life insurance products. That’s why we are delighted to announce that we are taking home a Canstar Outstanding Value Income Protection Award for 2024. This marks the ninth consecutive year of receiving this award from Canstar, a respected financial research and ratings agency, for our income protection product. Canstar has acknowledged NobleOak’s consistent performance, emphasizing the company’s dedication to delivering outstanding value in income protection.

Canstar judge the Outstanding Value Income Protection Award by placing a 40% weighting on the features of the income protection product offered and 60% weighting on price. This unique balance ensures that the winners not only excel in providing comprehensive coverage and benefits, but also offer competitive pricing, presenting exceptional value to customers.

In NobleOak’s 2024 Life Insurance Pulse Report surveying over 1,000 Australians*, the importance customers place on value for money really came to light with ‘good value for the covered offered’ chosen as the most important factor for people when choosing a life insurer, followed by the insurers’ claims reputation.

“Knowing our products offer outstanding value to our customers is extremely important to us. We want to ensure our customers are looked after in difficult times, but we also want to ensure that they don’t have to pay through the roof for that peace of mind” said Anthony Brown, NobleOak’s CEO.

Income protection remains a crucial aspect of financial planning, designed to safeguard individuals against the financial implications of unforeseen events such as illness, injury, or disability. In essence, it serves as a financial safety net, offering policyholders a regular income stream during periods when they are unable to work due to covered circumstances. This invaluable coverage provides peace of mind, allowing individuals to focus on recovery without the added burden of financial uncertainty.

NobleOak is the only Life Insurer to have received the Canstar Outstanding Value Income Protection award 9 years in a row and the only insurer to receive the Canstar Outstanding Value Direct Life Insurance award for the past 8 years (2016 – 2023). These awards are testament to the quality and value of NobleOak products, and we are proud of these achievements which emphasize we are doing the right thing by our customers.

*Independent research conducted nationally by The Market Intelligence Co. In December 2023 with over 1,000 Australians aged between 30 and 60.