For the first time under the new Australian Prudential Regulation Authority Regime (APRA) introduced in 2021 and with Treasury appointed to decide the future of the Life Insurance Framework, advisers voted on which life insurance products made the best impression and were considered the most appropriate on the market.
On 8 April 2022, the Adviser Choice Risk Awards brought together a panel of life insurance senior executives and life/risk advisers to discuss just how much the industry has changed under the LIF – and what lies ahead.
ADVISER CHOICE RISK AWARDS WINNERS & FINALISTS
Risk Company of the Year
Winner
OnePath
INDIVIDUAL OUTSIDE SUPER PRODUCTS
Term and TPD
Winner
OnePath – OneCare, Life Cover and TPD Rider
Finalists
MLC Insurance – Life Cover and TPD Rider
Integrity Life – Here for You, Life & TPD Rider
Trauma
Winner
OnePath – OneCare Trauma Premier
Finalists
TAL – Accelerated Protection, Critical Illness
MLC Insurance – Critical Illness Plus
Disability Income
Winner
AIA – Priority Protection Income Protection Core
Finalists
Metlife – Protect Income Cover
ClearView – ClearChoice Income Protection Flex
Business Overheads
Winner
AIA – Priority Protection Business Expense
Finalists
MLC Insurance – Business Expense Platinum
OnePath – OneCare Business Expense Cover
INSIDE SUPER
Individual Inside Super Term and TPD Rider
Winner
OnePath – OneCare, Life Cover & TPD Rider Super
Finalists
ClearView – ClearChoice, Life & TPD Super
Zurich – Protection Plus Super
Public Offer Super Funds (Group) Disability Income
Winner
UniSuper – Personal Superannuation (TAL)
Finalists
Perpetual – Select Super Plan (AIA Australia)
Aware Super – Personal Superannuation (TAL)
Public Offer Super Funds (Group) Term and TPD Benefits
Winner
Aware Super – Personal Superannuation (TAL)
Finalists
UniSuper – Personal Superannuation (TAL)
Spirit Super – Personal Plan (Metlife)
Individual Inside Super Disability Income
Winner
AIA – Priority Protection Income Protection Core Super
Finalists
Metlife – Protect Income Cover Super
ClearView – ClearChoice Income Protection Flex Super
Chartered Accountants ANZ recruits high-profile chief economist