It’s not news that technology is having a significant impact across a number of financial services segments and according to CANSTAR Award-winner NobleOak, this includes the life insurance segment.
“Life insurance has been much slower to move online (but) this is clearly changing quickly, as people become more web savvy and awareness for the need for Life insurance across the community increases,” said NobleOak Chief Executive Officer, Anthony R Brown.
“There is much stronger willingness to make a life insurance purchasing decision online without a financial adviser than in the past, and this trend continues.”
A vitally important element of buying income protection insurance directly is having confidence in the value of the product being bought. CANSTAR has researched and rated 14 direct income protection insurance policies from 12 providers across 80 consumer profiles, assessing each policy on both price and features to determine which insurers are offering outstanding value to consumers.
Direct Income Protection Outstanding Value
CANSTAR is pleased to congratulate our two winners for this year’s Direct Income Protection Insurance Award: NobleOak and ANZ.
NobleOak has earned a 5-star rating in 78 out of 80 profiles assessed by CANSTAR. Competitively priced and strongly featured, you can read more about the distinguishing features of NobleOak’s Premium Life Direct Income Protection policy online.
ANZ earned a 5-star rating in 46 out of 80 profiles. ANZ’s particularly strong pricing made them price leaders in 10 profiles including females in their 40s in white, light blue, and medium collar occupations; and females in their late 50s in white and light blue collar occupations. You can read more about ANZ’s win online.
“Any form of personal insurance is a complex area for consumers. It’s also a very emotive area if it comes to making a claim, as has been highlighted recently in the press,” said CANSTAR General Manager – Wealth, Josh Callaghan.
“CANSTAR’s research of both price and features helps consumers to filter products according to their priorities and make a shortlist of products to investigate further. We congratulate both NobleOak and ANZ on their Outstanding Value win.”
Responding to the award, NobleOak’s Mr Brown said that maintaining a strong value proposition for customers is of critical importance to them.
“We ensure this by continually monitoring the needs of our customers as well as competitor products. Our product team regularly consider opportunities for product improvements and innovation.”
CANSTAR congratulates NobleOak and ANZ on their outstanding achievement.