NobleOak’s My Protection Plan is a comprehensive, low-cost insurance product available through financial advisers and our alliance partners.
With My Protection Plan, you can choose the type and amount of cover you want – so you pay only for what you need.
Please refer to the My Protection Plan Product Disclosure Statement for more information.
Flexible payment options
Worldwide cover 24/7
30 day money back guarantee
There are five types of covers available through My Protection Plan.
Choose up to $15m of Life cover in case you die or become terminally ill, helping you to clear your debts and support your family.
TPD insurance (purchased with Life cover)
Choose up to $5m of TPD cover in case you’re never able to work again because of sickness or injury, helping you to modify your home, replace lost income and clear debts.
Trauma insurance (purchased with Life cover or as stand-alone cover)
Choose up to $2m of Trauma cover in case you suffer one of the serious medical conditions listed in the Product Disclosure Statement, helping you to pay your treatment expenses and adjust your lifestyle.
Income Protection insurance
Choose Income Protection cover of up to 75% of your income (max $25,000 per month) in case you can’t work due to sickness or injury, helping you to support your family and cover essential living expenses.
Business Expenses insurance
Choose Business Expenses cover of up to $25,000 per month in case you can’t work due to sickness or injury, helping you to cover the fixed costs of running your business.
Easy application process
Maximum sum insured $15m of Life cover.
Apply over the phone in 15-20 mins on average
A dedicated local claims specialist will look after each claim.
Fully underwritten cover. We assess your health upfront so you know exactly what you’re covered for. See below for more
Fast-track applications for healthier lifestyles – usually no paperwork.
We pride ourselves on having paid 100% of all genuine claims
24/7 Worldwide cover. All travel plans, occupations and pastimes considered.
If medicals are required with your application we will cover the cost.
Our policies are backed by the third largest global re-insurer, Hannover Life Re.
Early payment upon terminal illness for life expectancy less than 12 months (up to $3m) on Life cover.
One standard exclusion only (i.e. intentional self-injury in the first 13 months of the policy). Other exclusions may apply to some applicants depending on health and pastimes.
Life cover guaranteed renewable to age 99.
Interim accidental death cover at no additional cost during application assessment period.
$15,000 Funeral advance benefit.
No waiting period for Life cover.
Trauma cover includes cover for the four most common medical conditions (accounting for over 90% of Traumas) plus 34 additional conditions.
Optional Income Protection cover of up to $25,000 per month.
Optional Business Expenses cover of up to $25,000 per month.
Dedicated claims specialist
Easy phone-based application
Australian-based service team
Fully underwritten cover
Cover for mental illness
Payment of a lump sum on diagnosis of Terminal illness
Suitable for use in an SMSF
Application age eligibility
16 to 69
16 to 64
18 to 59
18 to 59
21 to 59
Amount of cover you can apply for
up to $15m
up to $5m
up to $2m
up to $25,000 per month
up to $25,000 per month
90 day qualification (certain conditions only)
Choice of 30 or 90 days
Choice of 30 or 90 days
Choice of 2 year or ‘to age 65’
You need to be an Australian resident between the minimum and maximum ages shown in the below table to be eligible for My Protection Plan.
Type of insurance
Minimum age at entry
Maximum age at entry
Cover expiry age
Total and Permanent Disability (TPD) insurance (optional)
with Life cover (optional)
Income Protection insurance
Business Expenses insurance
About Life insurance
My Protection Plan is a Life and Income Protection insurance product that offers comprehensive cover to clients through NobleOak alliance partners and financial advisers.
It’s designed for people who want to buy comprehensive cover, or require a lot of cover, with lower premiums and great personal service. That gives you control and saves you money, each and every year for the life of your cover.
It provides cover of up to $15 million for Life and up to $5 million for Total and Permanent Disability insurance (TPD).
You can also add Trauma cover (optional with Life cover or stand-alone), Income Protection and Business Expense insurance if required.
You will pay only for the cover that you need.
Life insurance (also known as Life cover, Term Life insurance or Death cover) pays a set amount of money as a lump sum when the insured person dies.
The money will go to the people nominated as beneficiaries on your policy, such as family members, usually to help pay off debts and pay for ongoing family living expenses.
TPD insurance provides a lump sum of money for sickness or injuries causing a permanent disability that stops you from working again.
This is a popular type of cover, as many people want to be financially independent if they are permanently disabled. A permanent disability often means many additional costs for care and rehabilitation.
Trauma insurance, also referred to as critical illness cover or recovery insurance, provides a lump sum of money if you suffer a medical condition or trauma that impacts on your life or lifestyle – such as being diagnosed with cancer or suffering a stroke or heart attack.
These days, many people are fortunate enough to recover from such traumas and in time, continue on with their day to day lives. If you are servicing large debts like a mortgage, or if you or your spouse/partner need some time off work, this type of cover may be important in helping to maintain your lifestyle.
Even if you have private health insurance, Trauma insurance can help you cover the additional costs of out-of-pocket medical expenses, replace lost income and allow you to reduce your working hours while you recover.
Income Protection insurance pays an ongoing income if you can’t work due to a serious illness or injury. The money will be paid to you to help pay bills and keep up with your mortgage or rent as well as other living costs.
This type of insurance is needed more often than you might think. Some estimates are that you are up to 10 times more likely to become disabled than to die during the life of an insurance policy.
Business Expenses insurance is a financial back-up plan for your business. It pays an ongoing monthly amount if you can’t work due to a serious illness or injury.
It gives you the confidence of knowing that you’ve got a plan in place to keep the business running if you’re unable to work.
Business Expenses insurance covers your fixed business costs, as a monthly reimbursement, so you can focus on your recovery – and not worry about your bills.
NobleOak is an independent Life insurer established as a friendly society in 1877.
You haven’t seen us on TV because we don’t spend money on expensive advertising or mass marketing.
We rely heavily on alliance partners and word of mouth to promote our products and service.
We’re able to provide lower premiums than comparable competitor products as we don’t spend a lot of money on mass advertising, and we don’t pay high upfront commissions to advisers.
We pass these savings on to our clients and members.
Applying for cover
It’s easy to obtain a Life insurance quote from NobleOak. For each person who needs cover, we require their name, date of birth, gender, smoking status, the waiting period and benefit period, and the amount of cover they require.
We’ll need your contact details too, so we can send the quote to you.
If you would like a quote, click here.
It generally takes around 15-20 minutes to complete the application. The assessment process time can vary, depending on whether any medical information is required, and whether there are any additional requirements (e.g. a medical report from your doctor or short-form medical exams and blood tests for high levels of cover). These requirements will be arranged by us at our cost.
When additional requirements are necessary, the process to finalise our underwriting decision may take between 10-20 working days, depending on how quickly the doctors can provide their reports. At all times, we will manage the requirements for you and keep you informed of the progress of your application.
Provide copies of any of your recent medical records or blood test results and details of any prescription medicines you are taking as this will speed up the application and assessment process.
Many clients are able to answer all of the questions in our application with no additional requirements necessary.
It’s very easy. Simply call NobleOak on 1300 041 494. One of our Australian-based Life insurance specialists can provide you with a quote and take you through the application process over the phone at a time that suits you.
Our underwriters at NobleOak will then assess the application. We’ll keep you up-to-date with progress and confirm with you when your application for insurance is approved. We can start the cover immediately once we confirm our approval.
No. There is no obligation for you to accept the policy after you’ve received a quote or even applied for cover. There is also a 30-day cooling off period once the policy has been activated.
Yes. One of our underwriters will be able to provide a pre-assessment on the same day you enquire to confirm the likely terms we can offer you.
If you currently have a financial adviser or broker, this is a great question for them. They can help assess your needs.
We are often asked the question “How much cover do I need?” To help our clients determine the level of cover they need, we have developed a new self-serve Life insurance calculator.
By simply answering a few questions you will receive an in- depth personalised Life Insurance Analysis report on the types of insurance and level of cover you may need.
This comprehensive tool will help you determine how much Life, TPD, Trauma and Income Protection insurance you need.
It’s important to review your insurance needs as your circumstances change.
Many clients review their Life insurance needs every one to two years, or if they have experienced a significant life event – such as a new job, marriage, birth of a child, child reaching school age or house purchase.
Yes. NobleOak insurance gives you the flexibility to add different types of cover.
Please call us on 1300 551 044 or email us at email@example.com to obtain a quote for any additional cover, and we’ll outline any further requirements we need to commence the process.
Like most Life insurance sold in Australia, our products have stepped premiums. This means your premium will increase by:
My Protection Plan has been designed to be sold through our key advisers and partners and cannot be purchased directly through NobleOak.
If you require a policy directly through NobleOak, please refer to our comprehensive Premium Life Direct product.
When buying Premium Life Direct directly from NobleOak, no personal advice is provided.
Yes. We can give you a quote for your spouse’s cover. Your spouse will then need to speak with a NobleOak representative to complete their application.
If your spouse isn’t immediately available, we can call them at a suitable time. All we need is their name, phone number and the best time to call. Please call us on 1300 041 494 or email us at firstname.lastname@example.org
While we can’t provide personal or taxation advice, Life Insurance premiums are generally not tax deductible. Income protection premiums are generally tax deductible and the benefits are tax assessable.
There can be tax advantages in arranging Life and TPD insurance within a SMSF (Self Managed Super Fund).
Premium Life Direct Life and TPD are both suitable for an SMSF environment.
As everyone’s situation is different, please speak to your accountant or adviser about your requirements and situation to be sure.
NobleOak aims to review and pay all claims quickly and efficiently. We assign a dedicated claims consultant to each claim to ensure the process is smooth and hassle-free.
We aim to assess the claim within 5 business days after receiving all the required documentation. Payments are paid monthly in arrears after the expiry of the waiting period.
No. All NobleOak applications are fully underwritten at the time you apply for insurance.
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.
Like every other Life insurance company in Australia, NobleOak is regulated by APRA (Australian Prudential Regulatory Authority) and subject to stringent capital and reserving requirements to protect our members. These protections help ensure we remain stable and are able to pay out all genuine claims.
We are one of Australia’s most established insurers, having operated in Australia since 1877. Our products are also backed by a top 3 global reinsurer, Hannover Life Re, which provides extra security.
Images have been changed for privacy reasons.
“It was a pleasant experience to have someone call me when it suited me and answer all my questions without me feeling pressured into purchasing anything. I saved a substantial amount of money on my premium which was a bonus. I would recommend you at least speak to NobleOak to see what they can do for you.”
“NobleOak arranged all my health checks and kept me fully informed during the application process. I found them very easy to deal with.”
“Very professional and helpful service throughout the application process. The Life, Trauma and Income Protection insurance products are all market leading in my view! Well done.”
“Very helpful in the whole process of finding better Life Insurance and TPD than the policy I had.”
“Noble Oak staff are very friendly and competent and provide excellent service. The insurance they provide is a great product at a reasonable, competitive price. I would recommend NobleOak to anyone.”
“I was extremely happy with the service I received from NobleOak. The whole process was very easy and I would recommend NobleOak to my friends and family.”
Our Australian based consultants will call you at your preferred time