Mozo Experts Choice Award winning Life Insurance policies could save Aussies up to $1,637 a year.

Today Mozo is thrilled to announce the winners of the Mozo Experts Choice Awards for Life Insurance 2025, after experts analysed pricing and cover details from 15 life insurance providers to find the best value and highest quality policies.

“Life insurance is important because it can provide Australians with peace of mind, knowing that their loved ones will be taken care of,” says Peter Marshall, Banking and insurance expert and Mozo Experts Choice Awards Judge.

“The Mozo Experts Choice Award winners for Life Insurance cover a range of pricing and cover scenarios that  simplify the process of finding a policy that is likely to be better than many of the rest.” 

"In fact, we found that choosing an exceptional value award winner could save Aussies up to $1,637 a year on standalone policies for the scenarios we assessed," says Marshall.

Looking at seven scenarios with different demographics, Mozo found savings of between $200 and $1,637 a year that could be saved by switching to a Mozo winner.

Savings were determined by calculating how much more the lowest priced quotes were compared with the highest priced quotes for each of the seven scenarios used in the Mozo Experts Choice Awards for Life Insurance 2025. These figures represent the minimum and maximum savings that could be achieved.

Life insurance cover you can count on

Mozo experts assessed policies based on varying methodologies, broken down into two key categories; Exceptional Value and Exceptional Quality. 

To compare pricing, experts obtained quotes for diverse demographics, including gender, age, and professions with varying risk levels. For the quality assessment, Mozo looked at those which offered additional benefits, features and flexibility, including the ability to pause cover, payment frequency options and maximum age.

“When assessing the best value policies we identified the most affordable policies for a specific coverage scenario, while the best quality policies were chosen based on the extensive cover that these policies provided concerned more with coverage than price,” explains Marshall. 

NobleOak named Australia’s Best Life Insurer 

This year, NobleOak continued its trajectory as the industry leader, taking out the top award of Australia’s Best life Insurer in the Mozo Experts Choice Awards for the seventh year in a row. 

“NobleOak’s outstanding performance in Life Insurance is well worthy of recognition and celebration, taking out wins in every Exceptional Value and Exceptional Quality category for 2025,” says Marshall.

“The focus on providing affordable policies while also offering extensive cover, additional benefits and flexible options means they are well deserving and worthy recipients of this incredible accolade.”

Budget Direct wins Highly Commended Life Insurer for 2025

Budget Direct also performed exceptionally well in this year’s awards, taking out the title of Highly Commended Life Insurer 2025 after winning awards in every category.

“Budget Direct is a well-deserving winner of this year’s Highly Commended award, offering both low cost and high quality policies,” says Marshall.

“Budget Direct has been awarded multiple Mozo Experts Choice Awards across other insurance categories, so it is impressive to see them expanding into new insurance categories with such success.”

Winners List

Exceptional Value Life Insurance

• Budget Direct - Premium Life Direct
• NobleOak - Premium Life Direct

Exceptional Value Life & TPD Insurance

• Budget Direct  - Premium Life Direct
• NobleOak - Premium Life Direct
• TAL - Accelerated Protection

Exceptional Value Life & Trauma Insurance

• Budget Direct - Premium Life Direct
• NobleOak - Premium Life Direct
• TAL - Accelerated Protection

Exceptional Value Income Protection

• Budget Direct - Income Protection Cover
• HCF - Income Protect Insurance
• NobleOak - Income Protection Cover
• TAL - Accelerated Protection

Exceptional Quality Life Insurance

• Budget Direct - Premium Life Direct
• NobleOak - Premium Life Direct
• RAC - My Protection Plan

Exceptional Quality Income Protection

• TAL - Accelerated Protection

To see the full list of winners, and details on how the winners were chosen, you can read the methodology report here.