NobleOak Life Insurance Review

NobleOak is an Australian-owned life insurer that has built a strong reputation for offering quality life insurance at competitive prices. They provide life cover, TPD, income protection and trauma cover, available both directly and through financial advisers. NobleOak has won multiple industry awards including Canstar Outstanding Value Life Insurance for several consecutive years. What sets NobleOak apart from many competitors is their pricing model. They have managed to offer competitive premiums while maintaining policy definitions that are comparable to larger retail insurers.

Who NobleOak suits

NobleOak works well for people who want solid life insurance cover without paying premium prices. They suit individuals and families who are cost-conscious but do not want to compromise on the quality of their policy definitions. NobleOak is popular with younger professionals and families who are establishing their insurance for the first time and want a balance between comprehensive cover and affordable premiums.

NobleOak key strengths

• Has received multiple Canstar Outstanding Value Life Insurance awards
• Available both directly to consumers and through licensed financial advisers
• Australian-owned and operated
• Own occupation TPD definition available for eligible occupations

Things to consider

• Product range may not be as broad as larger insurers like AIA or TAL in terms of optional extras
• Stepped premiums are the standard pricing model
• Direct products are slightly simplified compared to the advised range

NobleOak life insurance FAQs

Is NobleOak life insurance good value?

NobleOak has won multiple industry awards for value, including Canstar Outstanding Value Life Insurance. Their pricing is consistently competitive while maintaining policy definitions that compare well with larger insurers. For many people, NobleOak offers one of the best value options in the Australian market.

Can I get NobleOak life insurance through an adviser?

Yes, NobleOak offers products through both direct channels and licensed financial advisers. Their advised products may include additional features or options compared to their direct products. An adviser can help you understand which version suits your needs.

Is NobleOak an Australian company?

Yes, NobleOak is Australian-owned and operated. They have been providing life insurance in Australia for a number of years and have built a strong reputation for quality cover at competitive prices.

Does NobleOak offer trauma cover?

Yes, NobleOak offers trauma (critical illness) cover as part of their product range. The specific conditions covered and definitions may differ from other insurers, so it is worth comparing the PDS if trauma cover is important to you.

Does NobleOak offer cover inside superannuation?

NobleOak's retail products are generally held outside superannuation. They do not have a significant group insurance presence through super funds. If you need cover inside super, you may need to look at larger insurers that offer group cover through participating super funds.

Compare NobleOak with 10+ insurers

Your Choice Life compares NobleOak against 10+ of Australia's leading insurers to help you find good-value cover. It is free, with no obligation - get an instant quote online or request a comparison.

Your Choice Life Insurance - AFSL 277681 - AR 001318312. This is general advice only and does not consider your personal circumstances; consider the relevant PDS and TMD before deciding.