How our premiums compare
At NobleOak we’re committed to providing our clients with high quality Life Insurance and independent comparison research reflects this.
Life Cover that’s designed to protect your family’s financial security.
Save an average of 20%* on premiums
Winner 2017 & 2016 Canstar Direct Life Insurance Outstanding Value Awards
Up to $15 million of cover
Fully underwritten cover means ‘no surprises’ at claim time
Funeral advance of $15,000~
Grief counselling and financial advice support of $3,000
With NobleOak, you can access up to $15 million in cover, a level of cover usually only available through financial advisers. The difference is you’re buying Life Cover directly from the insurer, so you don’t pay upfront commissions saving an average of 20%* on your premiums.
It’s the smart way to buy comprehensive Life Insurance, backed by outstanding personal service.
NobleOak has won Canstar’s Direct Life Insurance Award in 2017 and 2016. We’re the only direct Life insurer to have ever achieved a maximum 5-Star rating in all 20 consumer profiles for Life Cover in consecutive years.
You can apply for up to $15 million of cover for death and terminal illness, without having to go through a financial adviser. That’s much higher than most direct insurers.
We don’t pay fees or upfront commissions to advisers. That means you’ll save 20%* on average compared to other insurers.
We take the time to get to know you upfront, so we can tailor your cover and premium. Giving you more certainty at claim time.
We will pay a benefit up to the Life Cover sum insured to a maximum of $3 million if you are diagnosed with a terminal illness, allowing you to access your insurance benefits immediately.
We provide Interim Accidental Death cover (up to $1 million) at no additional cost during the application assessment period. This cover starts as soon as we receive a completed application for Life Cover.
On top of your claim payment, we’ll reimburse you or your partner up to $1,000 for grief counselling, and up to $2,000 for financial advice, to help navigate a path forward. This is available when you take out $200,000 or more of cover.
No one likes filling in long forms. That’s why we offer an easy application process over the phone, taking on average 20 mins.
Our Life Insurance products are backed by a leading global re-insurer, Hannover Life Re. In 2016, Hannover Life Re paid out globally over $7.7 billion^ for Life and Health Insurance claims (and related expenses).
If you or your family make a claim with NobleOak, you’ll be dealing with a friendly, Australia-based claims consultant from start to finish. We’re here to make the process easy for you.
Life Insurance cover provided through NobleOak’s Premium Life Direct has been independently reviewed by Strategic Insight.
The matrix above is an extract from the Strategic Insight Direct Insurance Report 2016©. It clearly illustrates that NobleOak’s Life Cover is a market leader with respect to price and features when compared to other Life Insurance available directly.
Strategic Insight (Actuaries and Researchers) is the leading independent supplier of Australian Life Insurance and managed funds market information, relied upon for over 20 years by the leading life offices, analysts, dealer groups and government bodies.
One of NobleOak’s friendly insurance specialists will give you an obligation free Life Insurance quote over the phone.
If you’re happy with the quote, you can apply immediately either over the phone or book a time for a call back.
We’ll assess your application. If you need medical tests we’ll pay for them and update you during the process.
Life Cover pays a lump sum amount if the insured person dies or becomes terminally ill. This money can be used to eliminate debt, pay any medical and funeral expenses and provide for the ongoing needs of any dependants.
You can apply for Life Cover as stand-alone cover, or bundle it up with other cover types – including Income Protection Insurance, Total and Permanent Disability (TPD) Insurance and Trauma Insurance. Once you’re accepted for Life Cover, we guarantee to renew your cover up to 99, as long as your premiums are paid.
Your premium is calculated based on your age and gender, occupation, level of cover, and your answers to the health and lifestyle questions we ask when you apply. It’s tailored to you, so you don’t have to worry about paying more to compensate for other people’s risks.
If you have copies of any of your recent medical records or, blood test results and details of any prescription medicines you are taking, this will speed up the application and assessment process. Many clients are able to answer all of the questions in our application without additional requirements.
No, all NobleOak applications are fully underwritten at the time you take the cover out.
As long as you fully and correctly disclose your medical history and other details in the application, your claim will be assessed based on this information and processed efficiently. Apart from the industry standard 13 month suicide exclusion, there are no other pre-built in exclusions in NobleOak Life Insurance.
If any Special Acceptance Terms are imposed on your cover, we tell you about these at the time of your initial assessment (underwriting stage) and formally agree these with you prior to issuing your cover. We firmly believe this is the best way to provide Life Insurance as it provides more certainty and clarity for you and your family.