Best Life Insurance Winner: Best Life Insurance in Australia

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Best life insurance in Australia
We scored 21 direct policies on price, features and add-ons. Find the plans that came top for best life insurance.

Life Insurance
Finder Awards 2021 winner

Life insurance comes in all shapes and sizes and none of them will be perfect for everybody. Luckily, you only need to find one that’s right for you, and we can help.

NobleOak won the Finder Award for Best Life Insurance in 2021 for a third year running. With high scores in pricing and features, it’s an all-rounder that works for thousands of Aussies.

We scored policies based on more than 10 different factors including price, specific benefits, claims outcomes and extra features. Using 16 different customer profiles, we sourced quotes from 21 different insurance brands to help us settle on our top picks in 5 key categories.

Want options? We’ve got you. The table below shows the 3 highest-scoring life insurance brands (out of 21) overall in the 2021 Finder Award for Best Life Insurance.

Future insurability

This policy feature lets you automatically increase your cover when certain life events happen. You won’t have to go through the underwriting process or provide any further medical information.”>more info button.

Using data from our Awards research, we selected some of the stand-out brands you need to know about. Keep in mind that prices, features and your suitability for life insurance will vary based on your individual circumstances.

$81.16 per month on average, NobleOak offered the cheapest policy*
NobleOak also had a maximum sum insured of up to $15,000,000. This was 6 times higher than any of the other 15 other brands we looked at

HBF came second with an average price of $94.29 per month, while ANZ was placed third at $95.56 monthly

*We requested quotes from 16 different insurers, using 8 different smoker profiles. All figures shown here are average costs for $500,000 of cover for a non-smoker. We also took into account policy features – the more valuable the features, the higher the overall score.

Find out more about Guardian Life Insurance in our review.

*We looked at 21 brands and 6 of those offered child cover. Most offer cover up to $50,000 for each child so we also reviewed the number of conditions covered. We awarded each insurance brand a score that correlates to its performance across all categories.

while several insurers only offered a maximum entry age of 64.

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