FunEmpire Australia Blog

10 Best Insurance Companies in Sydney [2024]

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Insurance Sydney

Best Insurance Sydney
Best Insurance Sydney

If you are looking for the best insurance Sydney companies, you have come to the right place. Here at Insure 247, we are proud to offer our customers access to some of the top insurance providers in the city. We understand that finding the right insurance policy can be a daunting task, so we have compiled a list of the 10 best insurance Sydney companies to make your search a little easier.

1) NobleOak

Key ServiceFully underwritten insurance
AddressLevel 7/66 Clarence St
Sydney NSW 2000
Operating Hours8:00am – 9:00pm Mon – Thu (AEST)
8:00am – 7:00pm Fri (AEST)

NobleOak has something for everyone, regardless of their age or stage in life. In terms of price, NobleOak was the most affordable at $81.16 per month on average. NobleOak also offered a maximum coverage of up to $15 million. This was 6 times higher than the highest amount covered by any of the other 15 companies we reviewed.Paid claims success was exceptional, with a score of 98.1%. This was greater than the industry average of 91.5%.

Key Differentiators:

  • Low premiums
  • Fully underwritten insurance
  • Simple & straightforward

Customer’s Review:

Karineh was incredibly helpful and friendly during the insurance application process. She gave me a great impression of NobleOak.

Darryn Rabec

2) AIA

Key ServiceBest for lifestyle rewards 
AddressThree International Tower, 300 Barangaroo Ave, Sydney NSW 2000, Australia
Phone1800 333 004
Operating HoursMon to Fri 8:30AM–5PM

We chose AIA Life Insurance for its flagship wellness program, AIA Vitality. You’ll be eligible for the awards just by enrolling in a life coverage policy with AIA. Other benefits include up to 50% cashback on Virgin Australia and Singapore Airlines flights, as well as 50% off gym memberships at Virgin Active and Fitness First. There are movie coupons, spa and beauty e-Gift cards, and other incentives available.

Key Differentiators:

  • Best for lifestyle rewards 
  • Gives immediate discount of 12.5% on your policy by signing up
  • Up to 50% cashback on Virgin Australia and Singapore Airlines flights

Customer’s Review:

I had a very positive experience calling AIA.  I had an admin issue I needed sorted, I called and was talking to someone within 3 minutes.  I was then greeted and cared for in a very prompt, courteous, and professional manner. I was a little worried when I saw all the one-star reviews, but AIA customer service squashed those fears.

Paul Yacobellis

3) TAL

Key ServiceOffers a comparatively high policy expiry age of 100
Address363 George St, Sydney NSW 2000, Australia
Phone+61 1300 209 088
Operating HoursMon to Fri 8AM–7PM

In 1869, the company known as TAL (formerly Tower Australia) was founded in New Zealand. In 1990, Tower began operations in Australia, and it was listed on the Australian Securities Exchange in 1996. With TAL, safeguard the things most important to you so you may continue living the life you like.

Key Differentiators:

  • Will cover 74-year-olds
  • Offers a comparatively high policy expiry age of 100
  • High funeral benefit of $25,000 

Customer’s Review:

It’s a great company to work and the culture here is something amazing. I loved working in TAL and the management really cares and hears the employees. A great insurance provider with an excellent reputation. The flexibility in work and reconsideration of job moves are the best here.

Sabareesh Nathan Gunasekaran

4) Guardian

Key ServiceBest policy for families with kids
Address38/2 Park St, Sydney NSW 2000, Australia
Operating HoursMon to Fri 8AM–8PM

If you’re considering adding insurance for your children in the event of a major illness or death, it’s important to consider how much domestic coverage might cost. We compared Guardian to the other insurance companies we researched. In our opinion, it provides the most comprehensive coverage of significant injuries or illnesses when compared to the other insurers we looked at. You may rest confident that your family can continue to live the way they do now if you die or become fatally ill, thanks to up to $1.5 million coverage (depending on your age).

Key Differentiators:

  • Best policy for families with kids
  • Backed by some of the world’s most trusted underwriters
  • Quick, simple claims process

5) Resolution Life

Key ServiceIn-force specialist life insurer 
AddressResolution Life, GPO Box 5441,
Sydney NSW 2001

Resolution Life Australasia is Australasia’s largest life insurer, proudly serving 1.1 million customers. They’re a specialist life insurance firm that is focused on servicing our existing customers, giving them competitive rates, high-quality investment management, outstanding customer service, and efficient claims handling.

Key Differentiators:

  • In-force specialist life insurer 
  • With competitive premiums
  • Quality investment management

6) ClearView Life Assurance Limited

Key ServiceOffers comprehensive cover with a wide range of options
AddressLevel 15, 20 Bond Street
Sydney NSW 2000
Phone+61 2 8095 1300
Operating Hours8am – 5.30pm, Mon-Fri, AEST

ClearView Life Assurance Limited with a clear vision, ClearView Life Assurance Limited places the highest priority on the safety of their staff in order to continue to support their customers and advisers. Some companies prefer to be more strategic in the regions where restrictions allow, with their teams continuing to work flexibly while maintaining day-to-day operations and minimizing customer disruption.

Key Differentiators:

  • Offers comprehensive cover with a wide range of options
  • You’ll have access to market insights, cutting-edge investment strategies
  • Experienced investment team

7) MetLife Australia Limited

Key Service10% BMI discount
AddressGPO Box 3319
Sydney NSW 2001
Phone1300 555 625
Operating HoursMonday – Friday
9:00 AM – 5:00PM AEST
Closed on Public Holidays

MetLife is a multinational corporation with over 150 years of history. MetLife protects customers in 40 different countries around the world, including the United States, Latin America, Asia, Europe and the Middle East. MetLife currently insures 2.6 million people in Australia. MetLife is a major Australian insurance provider that caters to super fund members and employees of company funds. MetLife Australia also provides financial planners with services.

Key Differentiators:

  • 10% discount for new customers
  • 10% BMI discount
  • 2019 Life Insurance Company of the Year

8) Integrity Life Australia Limited

Key ServiceHealthy Life Discount 5% to 10.5%
AddressWharf 10, Level 1, 50-52 Pirrama Road,
Pyrmont, NSW 2009
Phone1300 54 33 66
Operating HoursMonday – Friday: 9am – 5pm AEST

One of Australia’s newest entrants to the life insurance market is Integrity Life. Their objective is to revolutionize and improve life insurance in Australia by using technology to develop products that are simple to understand and use. Integrity is an industry leader that can be trusted to bring new levels of service to the field.

Key Differentiators:

  • Healthy Life Discount 5% to 10.5%
  • Expertise with technology
  • Genuinely customer-first in our approach

9) NEOS Life

Key ServiceCompetitive pricing
AddressGPO Box 239, Sydney NSW, 2001
Phone1300 881 756 – for all customer service enquiries – for all claims enquiries
Operating HoursMonday to Friday
8am to 6pm

Australian Life Development Pty Ltd, a new Australian company formed in early 2017 to compete in the Australian life insurance industry, is the registered business name of NEOS Life. They never consider claims as a business deal — instead, they are treated with the care and respect they deserve. They strive to find every way possible to pay claims, and if they can’t, we tell them why.

Key Differentiators:

  • Premium rate certainty
  • Competitive pricing
  • Flexible protection

10) MLC Limited

Key Service5% On Track discount
AddressSydney, NSW

Meet the MLC Life Insurance leadership teams that are driving the business forward and ensuring that all Australians have access to a variety of award-winning products and services. Every Australian should have access to better life insurance options, and NAB Life is committed to helping you get them. They want to make certain that everyone in Australia has access to more competitive and flexible life insurance alternatives that can adapt as your requirements change.

Key Differentiators:

  • 5% On Track discount
  • Best Doctors service
  • 130 years experience of protecting Australians

Insurance Sydney

When choosing an insurance Sydney company, it is important to consider the different options available and find one that suits your needs. The 10 insurance companies listed above are some of the best in Sydney, and each offers its own unique benefits. Whether you are looking for comprehensive coverage or a company with a strong focus on customer service, there is sure to be an insurance Sydney provider here that is perfect for you.

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Rachel Tan - FunEmpire

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Rachel Tan is the editor at FunEmpire Media Australia. She has over 8 years of experience in the media industry discovering the best local businesses, places and things to do in Australia. From lifestyle, entertainment, food, travel, education and more, Rachel is a trusted source to curate the very best Australia has to offer.