How do we compare?Choosing the right Life Insurance can be challenging. Conducting research using independent resources is a good place to start.
We believe you deserve better, which is why we're Australia's most awarded Direct Life Insurer
Compare the value – the results of an independent review
Plan for Life (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.
The Life Insurance cover provided through NobleOak’s Premium Life Direct product has been independently reviewed by Plan For Life. The matrix is prepared from information in the Plan For Life Direct Insurance Report 2020©. It clearly illustrates that NobleOak is a market leader with respect to price and features when compared to other Life Insurance providers.
How our premiums compare
NobleOak offers similar comprehensive levels of cover as you would normally expect through a financial adviser or broker, at a competitive cost.
Our competitive Life insurance premiums are on average at least 20% lower than a range of major insurers based on a range of products purchased through an adviser and directly through the insurer.
The savings quoted are the average 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 cover offered by a range of other Life Insurance companies, including products available directly from the insurer (6 products included in this comparison) and those available for purchase through a financial adviser or broker (6 products included in this comparison).
Notes for the comparison below
- Direct’ refers to Life insurance products available directly from an insurer, or a third party that does not provide financial advice.
- Advised’ refers to Life insurance products available through a financial planner, adviser or broker, with the inclusion of financial advice.
- Direct products offer life insurance cover in a similar manner to Advised Products, however Advised Products may also offer other additional ancillary benefits and options.
How we compare against other life insurers
NobleOak vs. advised life insurers
The table above illustrates how, based on premium rates available as at November 2020, Plan for Life has calculated that for Term Life Insurance cover, NobleOak’s Premium Life Direct product is on average 11% lower than the selected products available as Advised Offerings (using an analysis of 6 products, Male and Female non-smoker with a Sum Insured of $500,000 and across 5 year age bands from age 30 to age 60 for Advised products). Plan for Life, Actuaries and Researchers is a popular independent provider of comparison information used by Life insurers.
NobleOak vs. other direct life insurers
The table above illustrates how, based on premium rate information available at November 2020 for products from a range of other Life Insurance companies, Plan for Life has calculated that for Term Life Insurance cover, NobleOak’s Premium Life Direct product including the discount to our standard premium rates is on average 46% lower than other selected comparable Direct Offerings (using an analysis of 6 products, Male and Female non-smoker White Collar workers with a Sum Insured of $500,000 and across 5 year age bands from age 30 to age 60).