NobleOak Life Insurance

The table below shows NobleOak Life Insurance policies on our database.

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About NobleOak Life Insurance

NobleOak is a provider of life insurance, as well as direct income protection insurance, total and permanent disability (TPD), and trauma insurance.

NobleOak says it can trace its history back to the 1870s in Australia when the organisation was initially founded as one of the first benevolent societies in the country. But its founding principles go back much further and draw from the Ancient Order of Druids that existed in Europe many centuries ago.

In 2011, the United Ancient Order of Druids Friendly Society of NSW became NobleOak Life Limited.

NobleOak says its vision is to protect Australians and their families by offering “accessible and affordable” insurance.

See how NobleOak compares in Canstar’s Life Insurance Star Ratings and Awards.

Frequently Asked Questions about NobleOak Life Insurance

NobleOak offers life insurance cover that could help to clear any debts and support your family should you die or become terminally ill.

As a provider of life insurance, NobleOak offers the following features:

  • Apply for cover up to $25,000,000 if you’re an Australia resident aged 16 to 69 (higher amounts will be considered where it can be justified).
  • Cover up to $500,000 may still be available if you’re aged 70-74.
  • An advance of $25,000 of your cover to help with funeral expenses.
  • If you become terminally ill you may be eligible for an advance on your death cover before you die.

The cost of your NobleOak life insurance will vary depending on several different factors such as:

  • Your age and gender.
  • Occupation.
  • Lifestyle.
  • Whether you smoke or not (this could include vaping).
  • Your medical history.
  • The level of cover you choose.

NobleOak says you can potentially reduce the cost of life insurance by making sure you’re fit, a healthy weight, a non-smoker, and exclude risky activities (i.e. hang-gliding and quad-bike riding) from your cover.

You can get a quote for NobleOak life insurance on its website before applying to see what you might need to pay in premiums. All you’ll need to do is complete an online form and provide an email address and phone number.

You can’t claim a tax deduction for life insurance premiums, says the Australian Taxation Office (ATO). Premiums for other forms of life insurance such as total and permanent disability (TPD) insurance or trauma insurance are also not tax deductible.

You can claim a tax deduction for premiums you pay that cover the loss of your income. Ask your tax accountant or financial adviser for more details on this.

NobleOak life insurance policies generally use stepped premiums that increase as you age, because the company says the risk of you needing to make a claim grows greater with age. Your level of cover should also increase as you age, to guard against inflation. The amount will increase automatically each year using the Consumer Price Index (CPI), or 3%, whichever is the greater.

You have the option to freeze your premium, upon request, so they don’t increase each year. But note that the level of cover will be adjusted to match the frozen premium, which means the amount you are insured for decreases each year as you get older.

You can change your level of cover by adding or removing optional features such as TPD cover, and by increasing or decreasing your sum insured amount for each type of cover included in your life insurance policy.

Keep in mind that increasing your level of cover and/or adding your spouse or children to your policy is likely to mean you pay a higher insurance premium.

As part of your application, NobleOak says you’ll be asked about your health and lifestyle. You have a legal duty at this time to answer honestly, to disclose any pre-existing medical conditions you have now or had in the past, as well as current medications and health issues. You may be required to take a medical.

Based on the information given at that time, NobleOak may then impose special acceptance terms on your cover at the time you take out the policy in order to cover you for certain conditions. In some instances NobleOak says acceptance may be subject to a medical loading – an increase in your premium – or possibly an exclusion specific to your particular situation.

To lodge a claim with NobleOak, you or your beneficiaries need to notify the Claims Team on 1300 551 044 and someone will walk you through the process. They will send out a claim form and explain what documents are required, which may include:

  • Claim form including signed medical authority.
  • Death certificate – certified.
  • Proof of identity – certified.
  • Police and coroner report – if applicable.
  • Medicare records through MyGov.

For terminal illness claims you will need two medical attendance statement’s to be completed by specialists confirming your diagnosis that you have 24 months or less to live.

Once you’ve completed the form and sent it back with any relevant documents, the claim can then be assessed. If approved, NobleOak will then make arrangements for any payments due.

You can start a quote for income protection insurance online, or you can arrange for a call back. You can also call 1300 041 494 (8am-9pm AEST Monday-Thursday, 8am-7pm AEST Friday).

NobleOak may ask you:

  • Your full name.
  • Date of birth.
  • What state or territory you live in.
  • Your occupation.
  • Your income.

You then need to provide an email address and a contact phone number.

Make sure you carefully read the details of any policy you’re considering and any of its relevant documentation such as the Product Disclosure Statement (PDS) and Target Market Determination (TMD). You should also check to see if you have any life insurance cover through any superannuation you may have.

Latest in life insurance

Canstar Star Ratings and Awards

Looking for an award-winning product or to switch providers or brands? Canstar rates products based on price and features in our Star Ratings and Awards. Our expert Research team shares insights about which products offer 5-Star value and which providers offer outstanding value overall. We also reveal which providers have the most satisfied customers in our dedicated Customer Satisfaction Awards.

Canstar's Life Insurance Awards

About the authors

Nick Whiting, Content Producer

Nick Whiting
Nick is a Content Producer at Canstar, providing assistance to Canstar's Editorial Finance Team in its mission to empower consumers to take control of their finances. He has written hundreds of articles for Canstar across all key finance topics. Coming from a screenwriting background, Nick completed a Bachelor of Film, Television and New Media Production from Queensland University of Technology. Nick has also completed RG 146 (Tier 1), making him compliant to provide general advice for general insurance products like car, home, travel and health insurance, as well as giving him knowledge of investment options such as shares, derivatives, futures, managed investments, currencies and commodities. Nick’s role at Canstar allows him to combine his love of the written word with his interest in finance, having learned the art of share trading from his late grandfather. Nick strives to deliver clear and straightforward content that helps the everyday consumer navigating the world of finance. Nick is also working on a TV series in his spare time. You can connect with Nick on LinkedIn.

Joshua Sale, GM, Research

Joshua Sale
Joshua Sale is responsible for developing the methodology and delivering Canstar’s flagship Star Ratings, as part of Canstar’s Research Team. With tertiary qualifications in economics and finance, he enjoys helping Australians find more suitable financial products by transforming complex calculations into a consumer-friendly Star Rating that explains the values and benefits of different financial products. As one of Canstar’s company spokespeople, Joshua is confident participating in print, radio and broadcast journalism interviews. He has participated in interviews with the Australian Financial Review, news.com.au and Money Magazine, along with other leading media outlets, discussing topics such as home loan equity, banking incentive schemes, digital wallets and wider finance trends. You can follow Joshua on LinkedIn. Have a media enquiry, and interested in featuring Joshua as a financial expert and commentator? Contact Canstar’s Media Team today.

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For those that love the detail

This advice is general and has not taken into account your objectives, financial situation or needs. Consider whether this advice is right for you.

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The Life Insurance Star Ratings were awarded in November 2024 and data in the table is current as at that date, updated from time to time to reflect product changes notified to us by product issuers. The results don’t include every provider in the market and we may not compare all features relevant to you. You can find a description of the initial sort order below the table. You can use the sort buttons at the top of each column to re-order the display. Learn more about our Life Insurance Star Rating Methodology. The rating shown is only one factor to take into account when considering products.

The products and Star Ratings in the table might not match your exact inputs in the selector. Sometimes the methodology uses profiles with categories or bands (e.g. income, loan amount or monthly spend), but sometimes a single methodology, without any categories or bands, is applied. The results will show the products that most closely match your selection, based on our profiles. If you are unsure about any terms used in the comparison table please refer to the glossary.

What is a Target Market Determination?

A Target Market Determination (‘TMD’) is a document that explains which people particular financial products may be suitable for (the target market) and sets out any conditions around how financial products can be distributed to consumers.

Why do product issuers provide Target Market Determinations?

From 5 October 2021, TMDs are compulsory for most financial products.

Issuers and distributors of financial products must take reasonable steps that are likely to result in financial products reaching consumers in the target market defined by the product issuer.

We recommend that you consider the TMD before making a purchase decision. Contact the product issuer directly for a copy of the TMD.

The results don’t include every provider in the market and we may not compare all features relevant to you. You can find a description of the initial sort order below the table. You can use the sort buttons at the top of each column to re-order the display. Check current rates and product details with the product issuer. The results will show the products that most closely match the inputs in the selector above the table. If you are unsure about any terms used in the comparison table please refer to the glossary.  Any advice on this page is general and has not taken into account your objectives, financial situation or needs. Consider whether this general financial advice is right for your personal circumstances. You may need financial advice from a qualified adviser. Canstar is not providing a recommendation for your individual circumstances. It’s important you check product information directly with the provider. Not all policies cover every part of a region. Your specific address may not be included in the policy’s coverage, even if other parts of the area are. For example, some insurers cover North Queensland but exclude Far North Queensland. Consider the Product Disclosure Statement (PDS) and Target Market Determination (TMD) before making a purchase decision. Contact the product issuer directly for a copy of the PDS and TMD. For more information, read our Detailed Disclosure

Canstar is not providing a recommendation for your individual circumstances. We cannot and do not recommend that any particular product is suitable for you. 

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