A big round of applause to the winners of the 2020 Mozo Experts Choice Awards for Life Insurance. These awards have commended providers of direct life insurance and income protection insurance policies that provide everyday Aussies with exceptional value for money and outstanding quality.
Now in their seventh year, the Mozo Experts Choice Awards provide a platform to highlight products in the marketplace we believe offer great value to Australians.
For the 2020 Life Insurance awards, we analysed pricing and cover information from 25 different life insurers whose policies can be purchased online directly.
“Our analysis for this year’s awards uncovered price variations of over 50% between the cheapest and most expensive policies on the market, proving that shopping around is a must if you want to get a value for money,” said Mozo Experts Choice Awards Judge, Peter Marshall.
“Our research also shed light on the differences between included features and benefits on the policies out there. This is why it is so important to spend time comparing options and using this year’s winners list as a guide for finding quality and affordable life insurance cover is a great first step.”
For details on how we crunched the numbers and determined the award winners see our methodology report or get more info about our judging criteria and read our FAQs.
These awards recognise life insurance that’s among the best-priced in Australia, based on a comparison of prices for selected customer scenarios. Our judges’ took into account a range of different factors including age, gender and occupations.
This category assessed direct life insurance policies eligible for new customers up to the age of 55. According to our analysis, the winners offer the most competitively priced plans across the broadest range of customers.
Insure Me Now - Superior Life Insurance Cover
NobleOak - Premium Life Direct
These awards recognise insurance cover that leads the market in the generosity of additional benefits and flexibility of options - irrespective of price. If you are looking for the very highest level of cover and options, these are the insurers to consider.
This category assessed direct Life Insurance policies based on the quality of their cover irrespective of price. Policies that did not cover overseas events were excluded. The winners of this category offered the most generous combination of cover across the features assessed.
AAMI - Life Protect
GIO - Life Protect
NobleOak - Premium Life Direct
Suncorp - Life Protect
