Experts reveal the Highest Quality and Best Value Life Insurance Policies in 2024

Today, experts at leading financial comparison site Mozo.com.au have revealed the winners of the Mozo Experts Choice Awards for Life Insurance 2024, highlighting the best providers that offer either exceptional value or comprehensive quality coverage.

"Our goal with the Mozo Experts Choice Awards is to empower consumers to make informed decisions about personal finance products, and give Australians a shortlist with which they can start their comparisons," said AJ Duncanson, Mozo Experts Choice Awards Judge and Director of Data & Compliance. 

“The life insurance awards have been running for over a decade now, annually recognising competitively priced policies and the products offering the most comprehensive features."

Mozo experts evaluated policies covering death, disability, trauma, and income protection from 15 different insurance providers, considering a range of factors, including affordability, coverage options, and additional benefits.

NobleOak clinched the coveted title of Life Insurance Company of the Year in the 2024 awards for its consistent excellence, comprehensive coverage options, and innovative offerings. 

With a commitment to fair underwriting practices and a reputation for delivering exceptional value and quality, NobleOak is a trusted leader in the industry, securing its position as the top performer for the sixth year in a row.

Mozo Experts Choice Award Winners 2024

"The Mozo Experts Choice Awards recognize the best of the best when it comes to value and quality in life insurance,” continued Duncanson.

“It's fantastic to see companies like NobleOak and Budget Direct leading the pack, offering top-notch coverage at prices that won't break the bank."

"These awards reflect Mozo’s commitment to recognising the best value and best quality policies on the market, and we’re proud to announce the well-deserving winners for their outstanding performance"

Life Insurance Company of the Year 

• NobleOak

Exceptional Value Life Insurance 

• Budget Direct: Premium Life Direct
• NobleOak: Premium Life Direct

Exceptional Value Life & TPD Insurance

• Budget Direct Premium Life Direct
• NobleOak Premium Life Direct
• TAL Accelerated Protection

Exceptional Value Life & Trauma Insurance 

• Budget Direct: Premium Life Direct
• NobleOak: Premium Life Direct
• TAL: Accelerated Protection

Exceptional Value Income Protection 

• Budget Direct: Income Protection Cover
• HCF: Income Protect Insurance
• NobleOak: Income Protection Cover

Exceptional Quality Life Insurance 

• Budget Direct: Premium Life Direct
• NobleOak: Premium Life Direct
• RAC: My Protection Plan

Exceptional Quality Income Protection

• TAL Accelerated Protection