NobleOak Wins Sixth Consecutive Canstar Direct Income Protection Award

NobleOak Wins Sixth Consecutive Canstar Direct Income Protection Award

For the sixth year in a row, we are delighted to announce NobleOak has been awarded Canstar’s Direct Income Protection Award for Outstanding Value for its Premium Life Direct Income Protection cover.

This much coveted award from Canstar continues our winning streak – one that has not been achieved by any other direct life insurer in Australia.

NobleOak has now won this prestigious award for six consecutive years – 2016, 2017, 2018, 2019, 2020 and now 2021, and underpins our unrivalled position as the most awarded direct life insurer in Australia.

NobleOak’s unprecedented win follows closely similar awards received by NobleOak including Feefo Platinum Trusted Service Award, and the Plan for Life Direct Life Overall Excellence Award.

Canstar’s Group Manager, Research and Ratings, Mitch Watson said, “We congratulate NobleOak for consistently offering outstanding value to its customers and proving itself to be the leading direct income protection insurance provider in Australia.”

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

How did we do it?

Canstar, an expert financial services product rating agency, used their proprietary methodology to compare NobleOak’s product price and features against 80 different profiles. This year 11 products from 11 providers were evaluated under the methodology.

We scored the highest 5-Star Rating for our Premium Life Direct Income Protection cover in all 80 consumer profiles rated by Canstar, which spans various age groups, occupations and lifestyle habits for both males and females.

NobleOak’s Premium Life Direct Income Protection cover has been assessed by Canstar to be a market leader for both price and features, deemed to offer outstanding value to customers.

We are also the Award holder for Canstar’s Direct Life Insurance Award for Outstanding Value for the last five consecutive years having received this distinction in 2016, 2017, 2018, 2019 and 2020.

What does this award mean for customers?

Being award a sixth Canstar award provides assurances to customers of the quality and value of NobleOak’s Income Protection product.

In addition, customers can have confidence in the quality and value of NobleOak products due to the unique combination of fully underwritten, competitively priced cover and quality features.

Sources: 

2021 Canstar Direct Income Protection Star Ratings