Insurance provider, Insure Me Now has been awarded the 2014 CANSTAR Outstanding Value Award for its Direct Life Insurance product.
Mitchell Watson, Research Manager for CANSTAR said, “Insure Me now has really impressed the CANSTAR team with a combination of competitive pricing and strong features offering. This has seen them achieve CANSTAR’s Outstanding Value – Direct Life Insurance award for 2014”
For Insure Me Now General Manager, Nicola Carr, the CANSTAR award has confirmed what her organisation has been promoting for years – direct life insurance that is both of a high quality and at a great price. “At this year’s CANSTAR Awards we beat out more than two dozen other insurers, to claim the Outstanding Value – Direct Life Insurance Award,” she said.
CANSTAR is Australia’s premier financial data provider, and this accolade was the result of their close analysis of Insure Me Now’s Direct Life Insurance product and its pricing across broad demographics that covered a wide range of age groups, genders and smoking status. According to their report, the results placed Insure Me Now as the “market leader in 6 out of 8 non-smoking categories.
Indeed, affordability is synonymous with Insure Me Now, with its Life Insurance premium cited as the lowest across 7 of the CANSTAR judges’ categories, including male and female non-smoking, empty nesters and young male and female non-smokers. Insure Me Now also offered the lowest Life Insurance premiums for smokers in both the male empty nester and middle male (aged 30 – 44 years of age) categories. In addition to these specifics, the CANSTAR Awards also generally recognised Insure Me Now for offering other quality and value insurance products.
Insure Me Now’s achievement is particularly impressive in light of the release of another industry report, the 2014 Rice Warner Direct Life Insurance Market Report, which reveals that in the year to December 2013, sales of direct life insurance accounted for a $558.1 million in Australia. To achieve this substantial growth sales increased by 8.2%, a slight slowdown on the previous year (which saw growth of 10.6%), but a significant climb nonetheless.
Insure Me Now’s Life Insurance policies’ long list of features includes a “funeral benefit of up to $15,000, a terminal illness benefit and additional TPD and Trauma rider benefits, allowing for the option to pay an additional amount to be covered for TPD, trauma or both. Extra discounts and incentives are available on top of multi-policies” and “sums insured are indexed annually.
Ms Carr said that the coveted CANSTAR Award delivers on her commitment “to bring Australians accessible, affordable and reliable life insurance”.
For further details contact:
Nicola Carr, General Manager, Insure Me Now AFSL 416019 P: (02) 9964 7353