NobleOak Wins Third Canstar Life Insurance Award

We’re excited to announce that we have won the prestigious Canstar Outstanding Value Award for our Premium Life Direct – Life Insurance cover for the third consecutive year.

NobleOak is the only life insurer to win three awards for outstanding value three years in a row for Direct Life Insurance – 2016, 2017 and now 2018. This is a proud moment for us as it reaffirms we are delivering what clients want.

We are also the only company to win Canstar awards for Direct Income Protection Insurance in the same three consecutive years.

This sixth award secures NobleOak’s position as the pre-eminent direct insurer in providing outstanding value to clients.

What did Canstar think of this unprecedented win?

Canstar General Manager, Wealth, Josh Callaghan said, “NobleOak is the only Direct Life insurer to win three consecutive outstanding value awards for its Premium Life Direct – Life Insurance product. The primary driver of the consistently strong performance was low premiums and a range of features including a guaranteed future insurability, so a person can increase the sum insured when their circumstances change.”

The NobleOak team is thrilled about the outcome as this latest award validates our focus on always putting our clients first. It’s what sets us apart from other insurers.

How did we do it?

Canstar is an expert financial services product rating agency. Based on Canstar’s methodology, products issued with a 5-Star Rating have been assessed as offering “Outstanding Value” to consumers. Competing against 27 Life Insurance products, NobleOak achieved the 5-Star Rating across all 20 profiles analysed, the most of any insurer this year.

The 5-Star Rating is a combination of best in class pricing together with top tier feature scores covering policy terms, application and claims process, and policy benefits and options.

What does this award mean for our clients?

Our philosophy of providing quality comprehensive cover together with affordable pricing is the reason we continue to win the prestigious Canstar Award. When you come directly to NobleOak, you don’t pay middle men fees, so we can pass savings back to clients. This, together with fully underwriting the cover, means our clients can save an average of 20% on premiums compared to the average cost of Term Life Insurance products offered by other Life Insurance companies, including products available directly from the insurer and those available for purchase through a financial adviser or broker.

Canstar identified a number of standout policy features for NobleOak including the non-automatic exclusion of typical pre-existing conditions.

It is this unique combination of fully underwritten, competitively priced and quality featured cover that has been recognised again as a market leading Life Insurance – an excellent result and achievement for NobleOak in 2016, 2017 and now 2018!

Source

2018 Canstar Direct Life Insurance Star Rating Report