Life Insurance Awards 2021

Kudos to the winners of the 2021 Mozo Experts Choice Awards for Life Insurance. These awards have recognised insurance companies that provide direct life insurance and income protection insurance policies that provide everyday Aussies with exceptional value for money and outstanding quality for 2021.

Mozo Experts Choice Awards 2021 Badge

What are the Mozo Experts Choice Awards?

Now in their eighth year, the Mozo Experts Choice Awards provide a platform to highlight products in the marketplace we believe offer great value to Australians.

For the 2021 Life Insurance awards, we analysed pricing and cover information from 25 different life insurance companies whose policies can be purchased online directly.

“Shopping around for great value life insurance makes sense, with prices varying dramatically from the cheapest to the most expensive policies out there,” said Mozo Experts Choice Awards Judge, Peter Marshall.

“This year’s research showed that there can be vast differences between included features and benefits on the policies available, which highlights the importance of spending time comparing your options and using this year’s winners as a starting ground to find a policy that suits your needs.”

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.


Life Insurance Company of the Year

NobleOak Logo


NobleOak has taken out the coveted Life Insurance Company of the Year title for the third year in a row. Once again proving that great value life insurance cover doesn’t have to be the most expensive, NobleOak scooped up a combined 7 awards, taking out wins across the Exceptional Value and Exceptional Quality categories. Congratulations NobelOak for impressing our judges again in 2021 and consistently offering great value products to Australian consumers. 


Exceptional Value Awards

Our Exceptional Value awards recognise life insurance that’s among the best-priced in Australia. Our judges took into account a range of different factors including age, gender and occupations and compared them side by side to find the stand out policies for 2021.


Exceptional Value Life Insurance

Our Exceptional Value Life Insurance category assessed direct life insurance policies eligible for new customers up to the age of 55. The winners of this award offered the most competitively priced plans across the broadest range of customers.

Allianz Logo

Allianz - Life Insurance

NobleOak Logo

NobleOak - Premium Life Direct

RAC Logo

RAC - Life Insurance


Exceptional Value Life & TPD Insurance

For this category the Mozo awards judges assessed the combined Life and Third Party Disability options on offer, to find those with the most competitive prices for the broadest range of customers.

Kogan Logo

Kogan - Life Cover

NobleOak Logo

NobleOak - Premium Life Direct

RAC logo

RAC - Life Insurance


Exceptional Value Life & Trauma Insurance

For people looking to combine their Life policy with Trauma Insurance, the judges ran a range of scenarios and compared the prices quoted to find the insurance companies that are most competitive for a wide range of people.

Allianz Logo

Allianz - Life Insurance


NobleOak - Premium Life Direct


Exceptional Value Income Protection

To assess Income Protection Insurance, the judges considered the cost of plans with both 1 and 3 month waiting periods, and one and two year benefit periods, for a variety of professions.

NobleOak Logo

NobleOak - Premium Life Direct

RAC logo

RAC - Income Protection


Exceptional Quality Awards

Our Exceptional Quality 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 insurance companies to consider in your search. 


Exceptional Quality Life Insurance

When judging this category, the Mozo Experts assessed direct Life Insurance policies based on the quality of their cover irrespective of price. The winners of this category offered the most generous combination of cover across the features assessed.

NobleOak Logo

NobleOak - Premium Life Direct

Qantas Logo

Qantas - Life Insurance

TAL logo

TAL - Life Insurance

Woolworths Insurance Logo

Woolworths - Life Insurance


Exceptional Quality Income Protection

For this award category, judges assessed the quality of direct Income Protection insurance policies. Policies that did not offer partial disability cover and excluded mental health conditions were disqualified.


NobleOak - Premium Life Direct


Frequently Asked Questions

What’s the Judging Criteria for the awards?

The Mozo Experts Choice Awards recognise products that deliver exceptional value or benefits to consumers and have been running since 2014.

For more detailed information on how we performed the price comparisons and determined the final winners list for the 2021 Life Insurance Mozo Experts Choice Awards, see our awards methodology report.

Did you compare all life insurance policies in the market for these awards?

In 2021, Mozo assessed direct life insurance products - i.e. those that can be purchased online directly from the insurance companies, and not products that are only available via financial planners or other intermediaries. 

To be eligible for a Value award, quotes must be available online.

The assessment covers insurance for death, total & permanent disability, trauma and income protection.

Products are considered and awards are made irrespective of a insurance companie's commercial relationship with Mozo.

How do I find the cheapest life insurance policy for me?

Check out the winners in the Exceptional Value category. Our experts crunched the data on a range of customer scenarios and these were the insurance companies and policies that came out the cheapest when compared to similar products.

It’s important to note that several factors go into determining the cost of life insurance such as your age, profession, gender, and if you smoke or not. So, you’ll still need to do some comparing of features and options to find a policy that is right for you and then get quotes so that you can compare the price based on your profile.

See Mozo’s life insurance hub to compare more options or read through our helpful life insurance guides to get up to speed on the industry.

What product features or benefits did you consider for the Exceptional Quality Awards?

Our Exceptional Quality awards are based on an assessment of the additional benefits, features and flexibility included with the insurance policy. They do not consider price. To determine which insurance companies offer the best features on their policy, we looked for the product with the best offering across a range of areas.

If you’d like to see the full list of features and benefits considered, please read our methodology report.

Who are Mozo’s experts?

The Mozo Experts Choice Awards are overseen by AJ Duncanson and Peter Marshall. AJ is Mozo’s Data Director. He is a data scientist and actuary, and has worked in financial services and product comparison for over 30 years. Peter has been in the industry even longer, and as Research Manager he leads Mozo’s team of analysts that perform all the analysis behind the Mozo Experts Choice Awards.

I work for an insurance company, how do we promote our win?

Please get in touch with us to discuss by emailing or phoning our account management team on 02 9037 4368.