In this video you will get the name of best insurance companies in Australia.
There are 27 insurers and 11 friendly societies registered with the Australian Prudential Regulation Authority (APRA) that can offer Aussies a range of life insurance policies. Of these, the seven largest insurance companies account for almost 90% of the overall market share.
Here are the country’s top life insurance providers. The list is arranged by the company’s share of the market. Claims statistics are for life cover policies taken out through financial advisers and brokers calculated using an online tool from the Australian Securities & Investments Commission’s (ASIC) consumer channel Money Smart. Financial strength ratings are taken from Standard & Poor’s (S&P).
Things to know about Australia’s Life insurance Company:
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