NobleOak Direct Income Protection
NobleOak is a provider of direct income protection insurance, as well as life insurance, total and permanent disability (TPD), and trauma insurance.
About NobleOak
NobleOak traces 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 Direct Income Protection Star Ratings and Award.
See the table below for a snapshot of the current products on offer from NobleOak, based on a 30-39 year old male non-smoker, in a white collar occupation. Before committing to any particular policy, check upfront with your provider and read the PDS to confirm whether it meets your needs.
What income protection does NobleOak offer?
NobleOak offers disability income insurance (also known as income protection insurance) for up to 70% of your regular pre-tax income in case you can’t work due to sickness or injury.
What features does NobleOak income protection offer?
As a provider of income protection, NobleOak offers the following features:
- A maximum benefit period of two years, five years or to age 65
- A maximum monthly benefit of $30,000 (subject to certain limits)
- A waiting period of either 30 days or 90 days before you’re eligible to receive benefits
- A maximum entry age of 55
- Available if you’re self-employed (subject to standard underwriting assessment)
- Phone-based support and an online application process
- Up to 10% of the sum insured can be added to allow for superannuation contributions that would have continued had you not been on claim. This will be paid directly to your eligible superannuation fund.