TAL Life has taken out the overall platinum Life Company of the Year award for the second year in a row at the Association of Financial Advisers’ (AFA’s) Life Company of Year Awards, with AIA Australia OnePath Life and Zurich Financial Services Australia losing out.
Zurich picked up the award for Service Quality, while AIA Australia’s Priority Protection Life Cover Plan won the Term Life/TPD award.
Challenger took the Overall Annuity Provider of the Year category, as well as the Long Term Income Stream and Annuity and Income Stream Innovation Award (for its Deferred Lifetime Annuity product).
BT Financial Group’s Protection Living Plus Plan won the Trauma/Critical Illness award, and MLC’s Insurance Income Protection Platinum Plan won the Income Protection Award.
Asteron Life’s education program, The Sophisticated Adviser, picked up the Risk Product Innovation award, and CommInsure took out the Investment Bond category.
The AFA’s chief executive, Philip Kewin, said these companies were demonstrating a genuine commitment to innovating and improving their offer so Australians were better protected and invested.