Insurance Watch – Life Insurance Online Specialists
In 1999 Insurance Watch launched Australia’s first online comparison website for life insurance, including TPD, Trauma and Income Protection insurance.
When the new Insurance Watch website was featured on the ninemsn Money television show, thousands of viewers logged on eager to see how their insurance policies compared.
Since then many Australians have used Insurance Watch to find a great deal on their insurance online, as confirmed by our customers’ testimonials.
Today Insurance Watch continues to take the confusion out of insurance, by providing online tools, quotes and tips to help consumers make informed purchases.
Who is Insurance Watch?
At Insurance Watch we specialise in life insurance – this is all we do. This makes us different to other comparison websites who have no in-house expertise in the products they compare and whose main purpose is to generate leads.
Choice also found in a recent review that some insurance comparison websites are “actually owned by the insurance companies they’re supposedly comparing”.
For example, “iSelect” and “Compare The Market” both refer their life insurance leads to a comparison service run by Lifebroker Pty Ltd, a company owned by the TAL group, one of the insurers they compare.
Insurance Watch Pty Ltd (ABN 49 073 368 171) is a corporate authorised representative No. 301423 of Synchronised Business Services Pty Ltd (ABN 33 007 207 650) AFS License No. 243313 for life insurance products.
Our AFSL licensee Synchron is a part of W T Financial Group Limited a diversified financial services company listed on the ASX. Insurance Watch is a privately owned company and our professional and qualified advisers are registered with the Australian Securities & Investments Commission.
What services does Insurance Watch offer?
Our team of qualified advisers have drawn on their years of experience to produce the consumer friendly guides and general information featured on our website. We compare quotes and benefits online of more than 100 Life, TPD, Trauma and Income Protection policies.
While we provide factual information and general advice to help you understand what these policies cover, we don’t consider your individual circumstances, objectives or needs, so you will need to determine the appropriateness to your situation.
If required, you can request that we provide advice on your personal situation. All Insurance Watch advisers are registered with the Tax Practitioners Board (TPB) as tax (financial) advisers and are Practitioner members of the Association of Financial Advisers (AFA).
If you take out a policy through Insurance Watch we will provide you with ongoing support and assistance should you need to make changes to your policy or lodge a claim. Our claims expertise and in depth understanding of the terms and conditions of your policy can increase the probability of your claim being successful.
Our Financial Services Guide explains who we are, what services we provide, how your personal information will be dealt with, how we are paid by the insurance companies (we do not charge you any fees for our services) and your rights of complaint.
Rather than spending money on TV advertising like our competitors, we have chosen to share some of the commission we receive with our clients. Under the Insurance Watch 10% Cashback Offer we will refund 10% of the premiums you pay in the first year of your policy.
How we help you buy life insurance without any sales pressure
Using the Insurance Watch website you won’t be hassled by telephone salesman. You can use our online resources and compare quotes without supplying any personal information.
We compare policies from Australia’s largest life insurance companies. Not only do we provide premium comparisons but also detailed comparisons of product benefits. We explain the purpose of Life and TPD insurance, Trauma insurance and Income Protection insurance – what they are intended to cover, why each is different and providing tips on the features to look for.
We also compare the life insurance companies themselves – who owns them, how big are they, what awards they have won and how many claims they pay. Insurance Watch has become an online forum for customer reviews and ratings based on their experiences with insurers.
With our online tools you can research your insurance options in an environment free of sales pressure. Our life insurance needs calculator helps you to estimate how much Life, TPD, Trauma and income protection cover you may need. Our BMI calculator will help you to see if you qualify for some of the latest discounts on offer.
The Insurance Watch Compare Insurance Quotes Online (or “DIY Insurance”) service and other content featured on the website is designed for consumers seeking general advice only. As such this content and any operator assistance provided will not take into account your objectives, financial situation or needs and there is a risk that any product you select may not be appropriate for your circumstances.
You are able to request personal advice on your situation from one of our qualified advisers through our Get Advice service. Before recommending a specific policy, cover level or strategy to you they will first need to assess your personal circumstances.
Frequently Asked Questions:
No. Currently we compare quotes from 10 insurance brands. The life insurance companies behind these brands account for over 90% of the Australian market in terms of premiums in force.
As a life insurance specialist we compare a diverse range of policies from multiple insurers to help you find a good deal. We provide our expertise and support should you need to claim. Plus we provide 10% cashback of your first year’s premium which not available direct from the insurer.