Life Cover
Life Cover under NEOS Protection pays a lump sum on death or terminal illness diagnosis, with cover available inside super (including SMSF) or outside super (PDS lines 35-39).
NobleOak Life Limited (NEOS Protection)
NobleOak Life Limited offers NEOS Protection, distributed and administered by NEOS Life (Australian Life Development Pty. Ltd.). With a heritage dating back to 1877, NobleOak is an APRA-regulated life insurer and member of the Life Insurance Code of Practice.
About NobleOak Life Limited (NEOS Protection)
Company Overview
NobleOak Life Limited offers NEOS Protection, distributed and administered by NEOS Life (Australian Life Development Pty. Ltd.). With a heritage dating back to 1877, NobleOak is an APRA-regulated life insurer and member of the Life Insurance Code of Practice.
Product Types
0
Life, TPD, Trauma & more
Occupations
8+
Supported professions
NobleOak Life Limited (NEOS Protection) insurance products explained
NEOS Protection (PDS dated 6 December 2024) is issued and insured by NobleOak Life Limited (ABN 85 087 648 708, AFSL 247 302) — an APRA-regulated life insurer (PDS lines 24-29). NEOS Life is a registered business name of Australian Life Development Pty. Ltd. (ABN 96 617 129 914, AFSL 502759), responsible for distributing and administering NEOS Protection plans. NEOS Protection includes five types of cover: Life Cover, TPD Cover, Critical Illness Cover, Child Cover, and Income Support Cover (PDS lines 17-22).
TPD Cover
TPD Cover pays a lump sum on permanent inability to work due to sickness or injury. Available inside super or outside super. NEOS uses standard own-occupation and any-occupation TPD definitions per the PDS.
Critical Illness Cover
Critical Illness Cover pays a lump sum on diagnosis of a listed critical illness event. The PDS lists Critical Illness Events grouped into Heart conditions, Nervous system conditions, Body organ conditions, Blood conditions, and Other conditions (PDS lines 959-1011). Cover can be stand-alone, attached to Life Cover, or linked to Life Cover (PDS lines 922-928). A Critical Illness Plus upgrade adds a Partial Critical Illness Benefit (PDS lines 1027-1028). 90-day qualifying period applies to events marked with a ^ in the conditions table (PDS line 1013); 14-day survival period required (PDS line 945).
Child Cover
Child Cover insures dependent children for various trauma events, terminal illness, and death.
Income Support Cover
Income Support Cover replaces a portion of monthly income if disability stops you from working. NEOS sets out waiting periods, benefit periods, and definitions of disability in the relevant PDS section.
Product information sourced from NobleOak Life Limited (NEOS Protection)'s current Product Disclosure Statement. Always refer to the official PDS and Target Market Determination linked below before deciding to acquire or hold any insurance product. This is general advice only and does not consider your personal circumstances.
Product Offerings
No products available for this provider.
How NobleOak Life Limited (NEOS Protection) compares to other panel insurers
Each of the nine insurers on our panel offers life cover, TPD, trauma and income protection — but the structure, named features, and wellness programmes vary meaningfully. We do not rank insurers, and which insurer suits a given client depends on underwriting outcome and circumstances. Below are factual differentiators specific to NobleOak Life Limited (NEOS Protection), sourced from the current Product Disclosure Statement.
NobleOak APRA-regulated insurer since 1877
NobleOak has been protecting Australians with cover since 1877 — one of the longest-standing APRA-regulated life insurers (PDS lines 27-29).
Critical Illness Plus adds partial benefits
The Critical Illness Plus upgrade adds Partial Critical Illness Benefit for specified partial events on top of standard Critical Illness Cover (PDS lines 1027-1028).
Cover Reinstatement Benefit
Critical Illness Cover Reinstatement Benefit can restore the policy after a partial claim depletes the sum insured below $10,000 (PDS lines 1037-1041).
Replacement-cover qualifying-period waiver
Replacement cover from another insurer may waive the 90-day qualifying period if specified continuity conditions are met (PDS lines 1015-1023). This makes switching insurers easier when changing employer or super fund.
Occupation Coverage
This insurer covers most occupations in Australia. Your premium depends on your job's physical requirements and workplace risk.
Office & Professional
Lowest premiums
Accountants, managers, teachers, IT professionals, engineers, doctors
Healthcare & Allied Health
Moderate premiums
Nurses, physiotherapists, paramedics, aged care workers
Trades & Skilled Workers
Higher premiums
Electricians, plumbers, carpenters, mechanics, builders
Manual & Physical Work
Highest premiums
Labourers, concreters, scaffolders, factory workers
Your actual premium depends on your specific job duties - get a free quote to see your rate. Most occupations are accepted, but some high-risk jobs may have restrictions.
Documents & Resources
NEOS Protection Product Disclosure Statement
Comprehensive guide to NobleOak Life Limited (NEOS Protection) products, features, and terms.
Effective: 6 December 2024
Download PDFOfficial Website
Visit NobleOak Life Limited (NEOS Protection) for more information and resources.
Visit WebsiteImportant: These documents are provided for informational purposes only. Always read the Product Disclosure Statement (PDS) and Target Market Determination (TMD) before making a decision. Consider whether the product is appropriate for your needs.
Other insurers on our panel
Compare NobleOak Life Limited (NEOS Protection) with the other Australian life insurance providers we work with.
Frequently compared with NobleOak Life Limited (NEOS Protection)
Researching NobleOak Life Limited (NEOS Protection)? Here are the panel insurers most often weighed alongside them. Each profile is sourced from the issuer's current Product Disclosure Statement. We provide general advice only — placement depends on your circumstances and underwriting outcome.
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Expert advice
Important Information: This information is general in nature and does not take into account your objectives, financial situation or needs. You should consider whether the information is suitable for you and your personal circumstances. Before making a decision, please read the relevant Product Disclosure Statement (PDS) and Target Market Determination (TMD) available above.
Insurance advice is provided by licensed insurance advisers. IMFL is an insurance brokerage authorized to provide general advice on life insurance products. We compare products from multiple insurers to help you find suitable coverage.
Information on this page is accurate as of the date shown and is subject to change. Always refer to the provider's official documentation for the most current information.