About TAL
TAL Life Insurance: Australia’s Largest Life Insurer.
TAL (formerly Tower) is a leading life insurer in Australia which has been operating for over 150 years. It is part of the Dai-ichi Life Group, one of the world’s largest life insurance organisations. Currently, TAL insures nearly 4 million Australians.
Given their scale, you’ll generally see TAL being price competitive for a wide range of 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 TAL
In 2023/24, TAL paid, $4.2bn in claims to 50,128 customers. The 3 most common causes of claim were:
Mental health (20%) of which 67% was paid in Income Protection.
Mental health (20%) of which 67% was paid in Income Protection.
Cancer (17%) of which 47% was paid in Life Benefits.
Injuries and fractures (15%) of which 72% was paid in Income Protection.
Insurance Products By TAL
Discounts Offered By TAL
TAL offers a ‘Health Sense Discount’ of up to 15% over the life of your Life, Total and Permanent Disability and Critical Illness policies if you meet the following criteria. Find out more here.
Healthy BMI
A healthy BMI is 19-28, inclusive, and is calculated using your height and weight.
Non Smoker
If you do smoke, you can still get a discount up to 12.5%.
Taking all 4 benefits
Taking Life, TPD, Trauma, and Income Protection will give you the most discount.
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Want to learn more about TAL?
To learn more about TAL, you can review visit their website or review their Product Disclosure Statements (PDS).
