Outstanding Value Direct Life Insurance – Winners Announced

CANSTAR has released the latest Direct Life Insurance Star Ratings research, rating 31 policies across 28 institutions.

Are you looking for direct life insurance? CANSTAR has finalised the newest star ratings to help Australians compare policies on price and value. In this batch of ratings, 9 direct life insurance policies out of the 31 rated achieved a five-star rating in at least one profile (age, gender, smoking-status).

Life Insurance Award Winners

In judging the winners of the Outstanding Value Direct Life Insurance Award, CANSTAR researchers assessed how providers performed in the ratings across all 20 direct life insurance profiles.

In this year’s rating the award-winning insurers were:

NobleOak

  • This year marked the first time NobleOak won this award. Their ‘Premium Life Direct’ product achieved a five star rating in all 20 profiles that we consider and was the price leader in 17 of those.

Insure Me Now

  • Insure Me Now took out this award for the third year in a row. Their ‘Superior Life’ product achieved five stars in 12 profiles out of the 20 that we consider with four stars in the other 8.

For more information on how we do our ratings and judge our awards, read our methodology here (PDF).

Llife Insurance 5-Star Winning Policies

Outlined in the table below are the five-star winning policies for each profile.  Five-star rated products have been assessed as offering outstanding value to consumers, with the Star Ratings awarded in June 2016.

See our comparison table for full star ratings

Profile* Company 5-Star Winning Product
NON-SMOKER
Profile: Twenties Female
20FN NobleOak Life Ltd Premium Life Direct
20FN Insure Me Now Superior Life
20FN Let’s Insure Life Cover
Profile: Twenties Male
20MN NobleOak Life Ltd Premium Life Direct
20MN Allianz Australia Life Plan
20MN Insure Me Now Superior Life
Profile: Thirties Female
30FN NobleOak Life Ltd Premium Life Direct
30FN Insure Me Now Superior Life
30FN Ozicare Life Insurance
Profile: Thirties Male
30MN NobleOak Life Ltd Premium Life Direct
30MN Ozicare Life Insurance
30MN Allianz Australia Life Plan
Profile: Forties Female
40FN NobleOak Life Ltd Premium Life Direct
40FN Allianz Australia Life Plan
40FN Zurich Australia Ezicover Life Insurance
Profile: Forties Male
40MN NobleOak Life Ltd Premium Life Direct
40MN Ozicare Life Insurance
Profile: Early Fifties Female
50FN NobleOak Life Ltd Premium Life Direct
50FN Insure Me Now Superior Life
Profile: Early Fifties Male
50MN NobleOak Life Ltd Premium Life Direct
50MN Insure Me Now Superior Life
Profile: Late Fifties Female
55FN NobleOak Life Ltd Premium Life Direct
55FN Insure Me Now Superior Life
Profile: Late Fifties Male
55MN Insure Me Now Superior Life
55MN NobleOak Life Ltd Premium Life Direct
SMOKER
Profile: Twenties Female
20FS NobleOak Life Ltd Premium Life Direct
20FS Allianz Australia Life Plan
20FS St Andrews Ins Australia Classic Life Insurance
Profile: Twenties Male
20MS NobleOak Life Ltd Premium Life Direct
20MS Allianz Australia Life Plan
20MS Insure Me Now Superior Life
Profile: Thirties Female
30FS NobleOak Life Ltd Premium Life Direct
30FS Insure Me Now Superior Life
30FS Allianz Australia Life Plan
Profile: Thirties Male
30MS NobleOak Life Ltd Premium Life Direct
30MS Ozicare Life Insurance
30MS Zurich Australia Ezicover Life Insurance
Profile: Forties Female
40FS NobleOak Life Ltd Premium Life Direct
40FS ANZ Life Insurance
40FS Medibank Life Insurance
Profile: Forties Male
40MS NobleOak Life Ltd Premium Life Direct
40MS Ozicare Life Insurance
40MS Insure Me Now Superior Life
Profile: Early Fifties Female
50FS NobleOak Life Ltd Premium Life Direct
50FS Medibank Life Insurance
Profile: Early Fifties Male
50MS NobleOak Life Ltd Premium Life Direct
50MS Insure Me Now Superior Life
Profile: Late Fifties Female
55FS Medibank Life Insurance
55FS NobleOak Life Ltd Premium Life Direct
Profile: Late Fifties Male
55MS Insure Me Now Superior Life
55MS NobleOak Life Ltd Premium Life Direct

*20FN denotes “Twenties Female Non-Smoker” while 20FS denotes “Twenties Female Smoker”

For more information on how we do our ratings, read our methodology here (PDF). Please note that the results are general advice only and not personal financial product advice. Consider the PDS before making a purchase decision.

Compare Direct Life Insurance

To the extent that the information in this report constitutes general advice, this advice has been prepared by CANSTAR Research Pty Ltd A.C.N. 114 422 909 AFSL and ACL 437917 (“CANSTAR”).  The information has been prepared without taking into account your individual investment objectives, financial circumstances or needs.   Before you decide whether or not to acquire a particular financial product you should assess whether it is appropriate for you in the light of your own personal circumstances, having regard to your own objectives, financial situation and needs.  You may wish to obtain financial advice from a suitably qualified adviser before making any decision to acquire a financial product.  CANSTAR provides information about financial products. It is not a financial provider and in giving you information it is not making any suggestion or recommendation to you about a particular financial product.  Please refer to Canstar’s FSG for more information.

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