2021 Funeral Insurance Star Ratings

2021 Funeral Insurance Star Ratings

Canstar has assessed and rated funeral insurance products on our database. Products were assessed based on both price and features. For the price score, Canstar considered the total premiums paid and the benefit payout amount. Any applicable premium caps, discounts and refunds were also factored in. For the features score, Canstar considered factors such as the application process, payment options and the type of cover available. 

In the past year, a number of funeral insurance products have been restructured or have been removed from the market. Like last year, there are no products currently available that offer premium caps at the sum insured amount. These caps ensure that consumers don’t pay more in premiums than the amount of cover they have taken out. 

While this aspect alone did not prevent products from receiving a 5-Star Rating, after considering all factors, Canstar Research has determined that none of the products assessed met the standard required to achieve a 5-Star Rating. 

If you’d like to learn more about the factors Canstar took into account, you can read the Funeral Insurance Star Ratings methodology.

Released December 2021

Numbers crunched by Canstar Researchers

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