TAL Life Insurance and Income Protection
TAL might be a relatively new name in the Life Insurance and Income Protection market, but the company has actually been providing Australians with Life Insurance and Income Protection since 1990. Formerly known as TOWER Australia Limited, the insurance company became a wholly owned subsidiary of the Japanese-based Dai-ichi Life Company in April 2011, one of the world’s largest life insurers. After being taken off the Australian Stock Exchange, in June 2011 TOWER Australia Limited underwent a rebranding and changed its name to the abbreviated TAL Life Limited.
As of September 2013, TAL has dominated the insurance market with an in force annual premium growth, providing over 2.3 million Australians with over $1.72 million in premiums paid for the 2012-2013 financial year.
The company has consistently won awards since its 2011 rebranding, including Life Insurance Company of the Year 2012 (Australian Banking + Finance Awards), Life Company of the Year 2011 (AFA/Plan For Life Awards), Life & TPD Insurance Product Award 2011 (AFA/Plan for Life Awards) and Life Insurance Product of the Year 2011 (Australian Banking + Finance Awards).
How can TAL help me?
TAL has positioned themselves as a leader and specialist in life insurance protection for Australians.
As Life Insurance specialists with a democratic approach to accessibility, TAL makes a commitment to ensuring life insurance is available for all Australians.
TAL offers a wide range of insurance products available through three distribution channels: Retail Life, Direct & Alliances, and Group Life. Just some of these are:
- Life Insurance
Pays your family or estate a lump sum amount when you die.
- TPD Insurance
TAL provides a tax-free lump sum payout if you’re permanently unable to work due to an injury or an illness.
- Critical Illness Insurance
Pays you an agreed lump sum if you are diagnosed with a critical illness that prevents you from working and living, so you can focus on recovery.
- Income Protection
Pays you up to 75% of your income in monthly installments if an illness, injury or accident prevents you from working and earning an income for a period-of-time.
Why choose TAL?
In addition to their competitive insurance policies, TAL also maintains that they have a strong sense of social, corporate and environmental responsibility. The company has been recognised by the Fair Trade Community for their exclusive use of Fair Trade products in their Melbourne office, and participates in Earth Hour every year.