About MLC
MLC Life Insurance is the 4th largest insurer in Australia and has been operating in Australia for over 135 years. MLC is part of the Nippon Life Insurance Group, one of the world’s largest life insurance companies. As of 2023, MLC Life Insurance serves over 1.15 million Australians.
In general, MLC can be especially competitive for customers who are in blue collar occupations.
Insurers’ Claims Acceptance Rates
This data ranges from 1st January 2023 to 31st December 2023 and are sourced from Income Protection claims where policies were purchased through an adviser channel.
Claims Paid By MLC
In 2022, MLC paid $747m in claims. As of Dec 2023, MLC accepted: The following policies were purchased through a financial adviser:
of Life Insurance claims
of Income Protection claims
of Disability Insurance claims
of Critical Illness claims
Insurance Products By MLC
Discounts Offered By MLC
MLC Life Insurance offers various discounts to encourage healthy living and comprehensive coverage. MLC offers lifetime discounts on policies via the Vivo Incentive program:
MLC Life Insurance offers various discounts to encourage healthy living and comprehensive coverage. MLC offers lifetime discounts on policies via the Vivo Incentive program:
A lifetime discount of 7.5% on insurance premiums. Vivo Incentive applies to those customers applying for new lump sum cover when their Body Mass Index (BMI) is between 18.5 and 28.5 (inclusive).
Choosing the right insurance company is vital. Access our comparison tool today to see your options!
Want to learn more about MLC?
To learn more about MLC Life Insurance and explore their comprehensive insurance solutions, you can review the MLC Life Insurance Product Disclosure Statement (PDS).
