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NobleOak Life Insurance Review

If you are considering NobleOak insurance as your trusted life cover provider, you’ve come to the right place. We provide you with a detailed analysis of the insurer; unpacking the features, benefits and suitability of each product offering.

Russell Cain

Fact Checked

Updated: 19 May 2024

NobleOak life insurance offers affordable and comprehensive life cover through their Premium Life Direct products. With simplicity, personal service and lower premiums, NobleOak insurance strive to continually adhere to their philosophy of noble service and accessibility to their customers. Covers provided include Life, TPD, Trauma, Income Protection and Business Expenses insurance.

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ComparingExpert does not currently have access to this provider. Visit NobleOak to request a quote and compare their price and benefits to the Australian life insurance brands we have access to.

Who is NobleOak Insurance?

This company is a specialist life insurance company that has been insuring Australians for over 140 years. NobleOak Life is the only Life Insurer to win the Canstar Outstanding Value Award for Direct Life Insurance in five consecutive years from 2016 to 2020.

Backed by a leading global reinsurer, Hannover Life Re, NobleOak is one of the longest standing life insurers in Australia. They believe in putting their client’s needs first at all times, which is evident by them offering their Premium Life Direct products at very attractive rates. With no mass marketing campaigns, they’re able to pass those savings onto their customers.

Premium Life Direct Product Offering

This comprehensive insurance product from NobleOak Life enables you to choose the type and amount of cover you want.

Cover applies world-wide 24/7 and as long as you keep paying your premiums, NobleOak guarantees to renew your cover every year. Meaning, they cannot cancel or reduce your coverage due to any future changes in your health, lifestyle, occupation or pastimes.


People between the ages of 16 to 69 years old can usually apply for a NobleOak life insurance policy and get coverage of up to a maximum of $15 million. Cover expires at age 99.

The lump sum cover amount will then be paid to your nominated beneficiaries in the event of your death or terminal illness.


No benefit will be paid if death occurs as a result of suicide within 13 months of your policy commencement, reinstatement or increase of cover (only to the extent of that cover increase).

Total and
(TPD) insurance

Receive a lump sum of up to a maximum of $5 million if you become totally and permanently disabled due to a sickness or injury. TPD insurance could help you and your loved ones adjust to your new circumstances; modify the home or replace lost income.

During a significant life event, you are generally able to increase your cover amount without the need for additional medical evidence. For example, if you get married or register a partnership, have children or take out or increase a mortgage.

Take note: This is cover is only available when purchased with life insurance. When claiming TPD,  your life cover benefit will reduce by the amount of the TPD benefit paid.


A TPD benefit will not be paid if disablement is due to an intentional self-injury or intended suicide 13 months from your policy commencing, being reinstated or cover increase (but only to the extent of that increase).

Trauma Cover

Up to $2 million in cover is paid should you suffer any one of the 38 serious medical conditions listed in the insurers PDS. The lump sum amount may help you adjust to your new lifestyle and pay for treatment expenses.

Trauma insurance is available as a standalone or optional extra to be added to your life policy. If taken with life insurance any trauma claim paid will reduce your remaining life insurance cover amount. Once your claim has been paid trauma cover will cease.

Take note: If you are the insured of a standalone trauma insurance policy and do not survive 14 days after the trauma event without the aid of artificial life support, a trauma benefit will generally not be payable.


Most trauma events listed in the PDS require a 90 day waiting period, from commencement date, before a claim can be made.

Income Protection

A monthly benefit of up to 75% of your income (max $25, 000 per month) gets paid if you are unable to work for a specified period due to a sickness or injury. This monthly benefit enables you and your family to maintain your current lifestyle while you focus on recovery.


No benefit will be provided if sickness or injury was caused by normal, uncomplicated pregnancy, childbirth or miscarriage. If sickness or injury was as a result of multiple pregnancies, threatened or actual miscarriage, participation in an IVF or similar programme, or discomfort commonly associated with pregnancy such as morning sickness, backache, varicose veins, ankle swelling, or bladder problems your benefit typically won’t be provided. Additionally, claims resulting from attempted suicide within the first 13 months of your policy commencing.

Expense Insurance

The self-employed person’s financial backup plan in the event that you are unable to work for a specified period of time due to injury or sickness. Choose up to $25,000 per month to help cover the fixed costs of running your business.


No business expense benefit will be paid if your sickness or injury was as a result of attempted suicide or intentional self-injury within 13 months of your policy commencing. A claim is void if due to addiction to intoxicating drugs or alcohol or because of normal and uncomplicated pregnancy, childbirth or miscarriage. Neither will it be paid if due to your voluntary participation in a criminal act.

For a complete list of terms and conditions, benefits and exclusions, please consult the NobleOak product disclosure statement (PDS).

Frequently Asked Questions and Answers

NobleOak aims to make your claim payment as quickly as possible after receiving all necessary documentation and your claim being approved. They generally require the following:

  • Completed and signed claims forms
  • Death and birth certificate (if claiming for a death benefit)
  • Any additional medical documentation and certificates required

To make a claim simply contact NobleOak via phone or email. Details can found on their website. Once a claim has been lodged, you will be assigned a personal claims specialist to work alongside you, providing support every step of the way.

The premium you’ll pay for a NobleOak life insurance policy is dependent on your unique requirements and individual factors, including your age, the amount of cover you want, your overall health and smoking status.

Before you make a decision, you might want to first compare other top life insurance companies offering similar products to ensure you find the best price possible.



Russell is the founder and CEO of Life Insurance Direct and has been quoted in The Sydney Morning Herald, The Age, Independent Financial Adviser, Risk Adviser, Adviservoice, and Insurancenews. Russell has over 15 years’ experience in the Australian life insurance & financial services sector and is instrumental in driving the latest innovations in our insuretech platform.

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