How to decide which Life Insurance is best in Australia?   Back

Once you know how much life cover you need, shop around and compare Life Insurance companies keeping below things in mind.

Benefits and policy features


Waiting periods before you can claim

Limits on cover

The cost of the premiums — now and in the future

Claim settlement ratio

Customer review and experiences

A cheaper policy may have more exclusions, or it may become more expensive in the future. You can find information about the policy on the insurer's website or in the product disclosure statement (PDS). We should always choose a reputable company that has been in the market for a long time and has a good claim settlement ratio.