TAL has been named Life Company of the Year for 2014 by AFA and Plan for Life.  This is the fourth time in the last five years that TAL has won this award.

Judging criteria for these awards is based on five key areas: financial strength, company market strength, product features, customer service quality and premium rates.  Mr Rael Solomon from Plan for Life said “These, in conjunction with consistency of premium rates and product features, product improvements and unique product features, lapse data, contribution to the growth and promotion of the Australian life insurance industry, internal service benchmarks and sustainability were considered in the process.”

Awards were also given in each product category as follows:

• Term Life/TPD – AMP Elevate Life Insurance Plan
• Trauma /Critical Illness – TAL Critical Illness Premier Plan
• Income Protection – OnePath Income Secure Professional Plan

A Risk Product Innovation Award was given to BT for the introduction of its Key Person Income Insurance.

To find out more about the products offered by these companies go to Compare Quotes.