TAL has been named Life Company of the Year for 2020 by Plan for Life/AFA.
This the fourth year in a row and also the seventh time in the last 10 years that TAL has won the top award. This year the runners up were AIA Australia, MLC Life Insurance and NEOS Life.
Awards were also given for the best policies in each product category:
| Product Award | Insurance Policy |
|---|---|
| Best Term Life/TPD | TAL Accelerated Protection Life Insurance Plan |
| Best Trauma/Critical Illness | MLC Insurance Critical Illness Plus Plan |
| Best Income Protection | MLC Insurance Income Protection Platinum Plan |
Plan for Life provided the benchmarking research behind the insurance company awards.
The Beddoes Institute also conducted research with financial advisers to determine the team-based awards:
| Team Award | Insurance Company |
|---|---|
| Underwriting Team of the Year | NEOS |
| Claims Team of the Year | OnePath |
| Business Support Team of the Year | NEOS |
AFA National President, Michael Novak paid tribute to TAL
AFA National President, Michael Novak paid tribute to TAL and “all the winners and finalists in other categories who have truly stepped up in an extraordinarily difficult environment.”
Insurance Watch provides a comprehensive summary of major industry awards, claims performance and customer ratings for Australia’s top life insurance companies.
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