TAL Insurance
TAL Insurance, formerly known as Tower Insurance, is Australia’s third largest life insurance company.
TAL Insurance can proudly trace its roots back to 1869, and reaching Australian shors in 1990 with the acquisition of life insurance companies like Adriatic Life, Friends Provident, FAI Life, PrefSure and InsuranceLine.
TAL Insurance has $1.3 billion in in-force premiums, and is owned by Dai-ichi Life Insurance, one of the world’s top 10 life insurance companies.
TAL offers a number of products and services including:
- Life insurance and income protection insurance
- Superannuation
- Retirement solutions
- Investment solutions
In 2011, TAL Insurance won a number of prestigious awards, including Life Insurance Company of the Year, and Life Insurance Product of the Year, awarded by the Australian Banking and Finance Insurance Awards.
TAL Life Insurance
TAL Insurance offers the following life insurance products:
- Life Insurance
- Trauma Insurance (called’ Critical Illness Insurance’ in the PDS)
- TPD Insurance
These products have a built-in Childrens Insurance benefit with a lump sum payment of up to $10,000 (called ‘Child’s Critical Illness Benefit’ in the PDS). For an additional cost, a higher sum insured for Childrens Insurance can be added to an adult’s Trauma Insurance policy.
TAL Income Protection
TAL’s income protection insurance offers 3 levels of cover including Standard, Premier or Optimal cover.
For an additional cost, Childrens Insurance can be added to an adult’s Income Protection Insurance policy on the Premier plan.
For more information on these products please read TAL Insurance’s PDS.
Source: TAL Company Snapshot 2011, tal.com.au 2011
