Our covers

Life insurance – is a term used to refer to a number of different types of covers that will help you and your loved ones manage the financial impact of your passing or becoming ill or injured.

Nothing matters more than the important people in your life, especially those who depend on you. Help make sure your loved ones are financially protected with our range of comprehensive Life covers, which are comprehensive, affordable and simple to take up.

  • Up to $15m of Life cover.
  • Average 20% saving on premiums*.
  • $15,000 Funeral Advance Benefit
  • Dedicated claims consultant.
  • Comprehensive cover.
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  • Up to $5m of cover.
  • Comprehensive – covers illnesses and injuries occurring during the period of the policy.
  • Choice of ‘Own’ or ‘Any’ Occupation definitions
  • Dedicated claims consultant.
  • Competitive premiums.
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Trauma insurance

optional cover – linked to Life insurance or stand-alone cover

  • Up to $2m in cover.
  • 37 medical conditions covered (including the top four most commonly claimed conditions).
  • Dedicated claims consultant.
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  • Up to $25,000 of cover per month.
  • Covers up to 75% of income per month.
  • Choice of 30 or 90 day waiting period.
  • Dedicated claims consultant.
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  • Maximum cover of $25,000 per month.
  • Partial disablement benefit included.
  • Comprehensive cover.
  • Dedicated claims consultant.
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Compare the features and benefits of our range of Life covers, as well as how we compare against other life insurers.

Why is Life insurance cover important?

No one likes to think about the worst that could happen, but you should protect yourself just in case. Life insurance is a vital part of financial planning for anyone who has dependents – whose circumstances and wellbeing would be affected by your death. So that means your partner, your children, or anyone else who is financially reliant on you. More than 1 in 5 families will be confronted by an insurable event during their working lives.

Life insurance products do more than provide financial assistance to your loved ones if you die. They can also provide you with financial protection through the addition of Total and Permanent Disability (TPD) and Trauma insurance in the event you were to become severely ill or injured. The lump sum payments you and your family could receive under these covers can provide financial assistance when it’s most needed – allowing debts to be cleared, the payment of ongoing medical and rehabilitation expenses, as well as helping your family to maintain their lifestyle.

Our products are fully underwritten– meaning we ask the right questions up front before you take out cover with us. This results in better value for money for you, and greater certainty at claim time that your claim will be paid quickly and without further requirements. You can even choose to buy direct from us, which means no agent or adviser commissions are included in your premium, saving you even more each year.

All Life insurance policies are renewable annually and the premiums will increase each year on your anniversary date as your age increases (this is known as stepped premiums). There is also a built-in indexation feature which will automatically increase cover to keep up with inflation, which will be reflected in your premiums.

Usually only a death certificate, a copy of the birth certificate, and a completed claim form are required to initiate a claim. The insurance company may then seek additional information from the medical providers consulted prior to death.

Most Life insurance policies, including NobleOak’s, will pay out a lump sum of money on diagnosis of a terminal illness, and where you have been given less than 12 months to live. If this payment is made and you recover, the payment generally doesn’t have to be returned.

Top NobleOak features

  • Coverage for both terminal illness and death.
  • One standard exclusion only (i.e. suicide in the first 13 months of the policy commencing). Other exclusions may apply to some applicants depending on health and pastimes.
  • Up to $15m in cover.
  • Dedicated claims service specialist.
  • Guaranteed renewability to age 99, even if your health changes.
  • $15,000 funeral advance benefit.
  • Worldwide cover.
  • Further discounts for larger amounts of cover.
    • Optional TPD (Total and Permanent Disability) insurance up to $5m.
    • Optional Trauma insurance up to $2m. Includes cover for the most common medical conditions (accounting for over 90% of traumas) and 33 additional conditions.
    • Optional Income Protection insurance up to $25,000 per month.
    • Optional Business Expenses insurance up to $25,000 per month.

Our products

  • Available directly from NobleOak.
  • Flexible – Life and Income Protection covers.
  • Average saving of 20%* on Life premiums.
  • Dedicated claims consultant.
  • Comprehensive worldwide cover.
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  • Available through advisers and partners.
  • Flexible – Life and Income Protection covers.
  • Competitive premiums.
  • Dedicated claims consultant.
  • Comprehensive worldwide cover.
Obtain a quote

Our speciality covers

NobleOak offers specialty Life insurance products catered to meet the growing demand for adequate Life cover within Self Managed Superannuation Funds (SMSFs) and particularly for those aged between 50 and 70.

  • Choose up to $15 million of Life insurance and $5 million for TPD cover.
  • Provides competitive “group like” premium rates.
  • Comprehensive world wide cover.
  • Provides unmatched flexibility unique to NobleOak.
  • Guaranteed renewal up to age 99.
  • Meets Superannuation Industry Standards (SIS) requirements for SMSFs.
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  • Available through the 50 Up Club only.
  • Up to $15m in Life insurance.
  • Typical premium savings of around 30% per annum compared to similar policies.
  • If medicals are required with your application, NobleOak will cover the cost.
  • Comprehensive world wide cover.
  • Guaranteed renewal up to age 99.
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*Disclaimer

*The savings quoted are the average of the savings when comparing NobleOak’s premiums for its Term Life cover under NobleOak’s Premium Life Direct product to the average cost of Term Life insurance products offered by other insurance companies, including products available directly with the insurer and those available for purchase through a financial adviser or broker.  The premiums are based on a non – smoker with a Life insurance sum insured of $500,000 at 5 year age bands from age 20 to 65 for advised products and 20 to 55 for direct products. Your age, occupation, gender, sum insured, smoker status, and health will determine the premium amount charged by NobleOak.  Life insurance rates for insurers, including NobleOak, may change in the future and this could change the outcome.  The premium comparison was undertaken on November 2015 based on published premium rates.  Readers may obtain a quote from NobleOak by contacting us on 1300 041 494.​

Why NobleOak?

What makes us different…

 

Secure cover

NobleOak is one of Australia’s most established life insurers, operating since 1877. We offer high levels of comprehensive cover comparable to other Life products sold through financial advisers. NobleOak’s insurance is backed by the third largest global re-insurer, Hannover Life Re, and we are APRA regulated with an Australian Financial Services Licence (AFSL) issued by ASIC.

 

Low premiums

NobleOak does not invest in upfront external commissions or mass television marketing, and passes those savings back to our clients and members through reduced premiums. We do not provide personal advice with our products if you buy directly through us, and therefore we don’t charge for it. We also offer further discounts on larger levels of cover.

 

Personal service

At NobleOak, you will have a dedicated claims service specialist looking after your claim from start to finish. NobleOak is a market leader in client and customer service and is proud of our Australian based service team. We recently received a highly respected 2014 Plan for Life Direct Insurance Award for Customer Service and achieved a 98.5% satisfaction rating in an independent client survey by Pureprofile in April 2015.

 

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Find the right insurance for you

Secure your financial independence

Singles
Whether you’re a working professional, a recent school leaver, or a mature single, being independent means plenty of responsibility. If you were suddenly unable to work due to a severe accident or illness, how would you be able to manage your basic financial obligations, such as rent, mortgage payments or regular bills? Take control of your financial independence with peace of mind Life insurance, Total and Permanent Disability (TPD), Trauma insurance and Income Protection insurance cover.

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Focus on the future with peace of mind protection

Couples
You may be considering starting a family or simply working and travelling the world together in search of life’s many adventures. Don’t let a severe accident or illness derail your plans. Ensure you and your partner’s financial security with Life insurance, Total and Permanent Disability (TPD), Trauma insurance and Income Protection insurance cover. You can rest assured that your partner will be able to cope financially, particularly in the unthinkable event of your premature death, with the right Life insurance cover in place.

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Cover for the ones you love most

Young families
Your children are your most valuable assets, so their futures are worth protecting. As a parent and a partner, the last thing you want is to leave your family vulnerable to any financial and emotional stress caused by your premature death, or a severe accident or illness. Keep your family safe and give them the ultimate peace of mind with insurance protection tailored to suit their needs. Ensure your family’s financial security with Life insurance, Total and Permanent Disability (TPD), Trauma insurance and Income Protection insurance cover.

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Peace of mind protection for when you need it most

Mature families
When you’ve been managing life’s challenges for some time, it can be easy to forget the difficulties your family could face if you or your partner had a severe accident, became severely ill, or worse still, passed away. With more children relying on their parents and living at home into their 20s and 30s, the financial and emotional impact of a severe accident or illness, or the premature death of you or your partner, could be devastating for your whole family. Enjoy the peace of mind of having the knowledge that your family will be financially secure if the worst was to happen to either one of you.

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Reclaim your financial independence

Empty nesters
Your children have left home – whether it’s to live on their own or start their own families. It’s time to reclaim your financial independence. With the right Life, Total and Permanent Disability (TPD), Trauma insurance and Income Protection insurance cover in place, you and your partner can protect each other financially and emotionally in the event of a severe accident or illness occurring, or the untimely death of either of you. After all, life is meant to start getting easier after the child-raising years are behind you.

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Quality of life starts now

Seniors
You’ve worked hard to build your retirement savings, so make sure you take the necessary steps to preserve your savings for your future, by having the right level of Life insurance and Total and Permanent Disability (TPD) cover in place for you and your partner. You can apply for cover up to age 64. Enjoy your retirement with the peace of mind that your family will be able to manage your medical bills in the event of a severe injury or illness, or clear any outstanding debts and cover funeral expenses if the unthinkable happens.

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