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Australian life insurers are competitive on life insurance market

Posted by on Mar 28th, 2012 and filed under Insurance, Latest. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.

Australian life insurers are offering competitive premium rates compared to the rest of the world, and premiums are often cheaper through advisers, according to a study released by Clearview Wealth last week.

The study is based on research conducted by RGA Reinsurance Company of Australia and compares life cover premiums based on a particular scenario across nine countries. Australia faired well when compared to their overseas counterparts, including the United States, the UK and Canada.

The study revealed Australians provide the cheapest life insurance cover, the second cheapest adviser and direct life cover premiums, and the fourth cheapest consumer credit life cover premiums.

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