Insurance cover is issued by NobleOak Life Limited ABN 85 087 648 708 AFSL No. 247302. NobleOak offers Life, Income Protection, Trauma, and Total & Permanent Disablement insurance cover.
*Average Saving on Life Cover
NobleOak’s 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).
Based on premium rates available as at November 2020:
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).
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).
Life Insurance rates for insurers, including NobleOak, may change in the future and this could change the outcome.
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.
If you wish to see the comparison tables and how our premiums compare to Direct and Advised products, please click here.
^NobleOak awards For further information, please click here
A cashback of $100 will be paid to the Cashrewards customer following receipt of the first premium payment. This offer is available once only per new customer and may not be used in conjunction with any other offer.