The first Australian Life Insurance Company was Alliance Assurance, which issued its first policy in 1833. Today the number of life insurance companies seems to be growing all the time. You can now even obtain life insurance at your local grocery store …. but would you want to? While choice and competition are a good thing, they also increase the effort required to research all the options and ensure you get the best value for money.
We work closely with all the leading life insurance companies and are familiar with all their products. Our life insurance specialists can prepare life insurance comparisons and quotes from the following Australian life insurance companies.
TAL (formerly TOWER Australia) is one of Australia’s leading life insurance companies. TAL provides life insurance policies to 2.5 million Australians and in 2011 paid over $565 million in Life Insurance claims.~~TAL is also one of Australia’s most awarded life insurance companies, winning recognition for both the quality of products and service. AMP is Australia’s largest life insurance company. In 2011, they paid approximately $850 million in Life Insurance Claims. In 2011 AMP merged with AXA, resulting in the largest range of Life Insurance products available in the Australian market. AIA Australia has been protecting Australians since 1970. They presently insure over 2 million Australians. AIA Group Limited and its subsidiaries comprise the largest independent publicly listed pan-Asian life insurance group in the world. Originally Alliance Assurance, Asteron is Australia’s oldest life insurance company and has been helping protect Australians for more than 175 years. In 2011 alone, Asteron Life paid $248 million in claims to over 3,200 customers Australia-wide. In 2012, AXA Australia merged with AMP to create Australia’s largest life insurance company. All of AXA’s market leading products are still available under the AMP Elevate line. BT Financial Group is a wholly owned subsidiary of Westpac Banking Corporation. BT offers a comprehensive range of flexible insurance solutions, designed to ensure that you and your loved ones are protected should the unexpected happen. CommInsure is the second largest life insurance company in Australia and part of the Commonwealth Bank Group. The CommInsure name was first introduced in 1999, but CommInsure’s roots within the Australian insurance industry go back well over one hundred years and include companies such as Colonial Mutual and Prudential. MLC is the wealth management division of the National Australia Bank (NAB). MLC’s range of flexible insurance policies are designed to make it simple and easy to get covered. Macquarie commenced operation in Australia in 1969 as merchant bank Hill Samuel Australia (HSA) with just 3 staff members. Today, Macquarie has more than 70 offices around the world. While Macquarie is one of the smaller Australian life insurance companies, they have some of the more innovative products in the market. Now a wholly owned subsidiary of the ANZ bank, OnePath was originally known as Mercantile Mutual and more recently as ING Australia. OnePath’s Life Insurance products (OneCare) provide the features and flexibility needed to meet your unique needs. Zurich’s presence in Australia dates back to 1920 when Commonwealth General Assurance Corporation (CGA) was formed. In 1961 Zurich Financial Services acquired CGA. Today Zurich has more than 1200 employees Australia wide and in 2011 paid more than $69 million in life insurance claims.
TAL Life Insurance
AMP Limited
AIA Australia
Asteron Life
AXA
BT Life Insurance
CommInsure
MLC
Macquarie Life
OnePath
Zurich Australia
