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AFA names life insurance award winners

The Association of Financial Advisers has announced the winners of its Life Company of the Year Awards, with one insurer winning the overall award for the second year running.

At an event in Sydney last week, TAL Life took out the title of Life Company of the Year for the second consecutive year, the AFA said in a statement.

AIA Australia, OnePath Life and Zurich Financial Services Australia were the other nominees for Life Company of the Year.

"We believe it is important to recognise those financial organisations who are delivering outstanding products and services to financial advisers and their clients and congratulate all of our 2018 winners and finalists,” said AFA chief executive Philip Kewin.

“These are the companies that are demonstrating a genuine commitment to innovating and improving their offer so that Australians are better protected and invested."

Categories for the awards were divided into the overall Life Company of the Year Awards and the Client Service Team Awards.

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The full list of winners and runners up are below:

Overall AFA Life Company of the Year Awards

Award Categories

Winners

Runners-Up

Overall Platinum – Life Company of the Year

TAL Life

  • AIA Australia
  • OnePath Life
  • Zurich Financial Services Australia

Service Quality

Zurich Financial Services Australia

  • AIA Australia
  • MLC
  • TAL Life

Term Life/TPD

AIA Australia – Priority Protection Life Cover Plan

 

 

  • MLC – Insurance Life Cover Plan
  • TAL Life – Accelerated Protection Life Insurance Plan
  • OnePath Life – OneCare Life Cover Plan

Trauma/Critical Illness

BT Financial Group – Protection Living Plus Plan

 

  • TAL Life – Accelerated Protection Critical Illness Premier Plan
  • MLC – Insurance Critical Illness Plus Plan

Income Protection

MLC – Insurance Income Protection Platinum Plan

 

  • TAL Life – Accelerated Protection Income Protection Premier Plan
  • CommInsure – Protection Income Care Platinum Plan

Risk Product Innovation

Asteron Life – “The Sophisticated Adviser” education program

 

  • Clearview – AQUA Life Insurance platform
  • Comminsure – New Underwriting Rules Engine – My Apply and My Quote

Investment Bond Award

CommInsure

  • AMP
  • Centuria
  • Australian Unity - Lifeplan Investment Bond

Overall Annuity Provider of the Year

Challenger

  • CommInsure

 

Long Term Income Stream

Challenger

  • CommInsure

Annuity & Income Stream Innovation Award

Challenger – Deferred Lifetime Annuity

  • Not applicable

 

AFA Client Service Team Awards

Underwriting Award

Company

Winner

BT Financial Group

2nd

ClearView

3rd

OnePath

Claims Award

Company

Winner

OnePath

2nd

Zurich

3rd

MLC Insurance

BDM/Business Support Award

Company

Winner

Zurich

2nd

ClearView

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