NobleOak Life makes it 5 consecutive Canstar wins for Outstanding Value Direct Life Insurance
NobleOak Life Limited (NobleOak) has won the prestigious Canstar Outstanding Value Award for its Premium Life Direct Life cover for the fifth year in a row, after winning this award for the first time in 2016.
NobleOak CEO Anthony Brown said winning back-to-back coveted Canstar awards is recognition of the outstanding value NobleOak’s Direct Life insurance cover offers. We are also the only company to win Canstar awards for Direct Income Protection Insurance in the same five consecutive years.
“NobleOak has been built on a genuine desire to protect our clients and customers in the best way possible, so the team is very proud to be acknowledged for this,” Mr Brown said.
“It’s testimony to the NobleOak philosophy of providing Australians with more affordable and accessible Life insurance without any compromise on the quality of their cover. Our philosophy of providing quality comprehensive cover together with affordable pricing is the reason we continue to win the prestigious Canstar Award. Our customer focused approach, together with fully underwriting the cover, means our clients can save an average of 20%* on premiums compared to other Direct Life Insurance companies.”
Canstar is an expert independent financial services product rating agency. Canstar’s Group Manager, Research and Ratings Mitch Watson said they used proprietary methodology to compare NobleOak’s price and features against 23 policies from 23 insurers.
“NobleOak has consistently provided its customers with value when it comes to the insurer’s direct life insurance offering,” said Mr Watson.
“NobleOak is the only life insurer to achieve the maximum 5-Star Rating in the past five consecutive years for its Premium Life Direct Life cover in all 20 consumer profiles we research and rate across different age groups, genders and smoking status.”
The 5-Star Rating is awarded based on a combination of best in class pricing together with top tier features like policy terms and conditions, the ease of application and claims process, and policy benefits and options.
“Canstar identified a number of standout policy features for NobleOak including the non-automatic exclusion of typical pre-existing conditions,” added Mr Watson.
Unlike many other direct insurers, NobleOak conducts a full health assessment at the time of application and pays all costs for any medicals and tests if they are required. The benefit means there is no surprises at claim time, when emotional stress is often very high.
Mr Brown said NobleOak specialises in providing Life and Income Protection insurance to self-directed people who don’t feel the need for personal financial advice. Premiums are tailored to suit people’s individual circumstances without the need for them to compromise on what they are covered for. This is one of the major differences between us and other direct insurers.
“We offer the best of both worlds,” Mr Brown said.