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Life Insurance

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Types of Life Insurance

Accidental Death
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Top Life Insurance Companies

Met Life Insurance
Sun Life Insurance
American General
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Major Australian Life Insurance Companies

ING Life Limited
IOOF Life Ltd
H C F Life Insurance Company Pty Limited
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Most Popular Life Insurance Companies

AAA Life Insurance Company
Allstate Life Insurance Company
Golden Rule Insurance Company
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Best Life Insurance Companies in India

Bajaj Allianz
Bharati AXA Life Insurance
ICICI Prudential
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Indian Life Insurance Industry
Home » Major Australian Life Insurance Companies
 

Major Australian Life Insurance Companies

The Major Australian Life Insurance Companies and their insurance policies are, in a large way, are regulated by the Commonwealth law under the constitutional power relating to insurance. The sources of liability for these companies among citizens are largely oriented by the State and Territory laws. Although in some circumstances Commonwealth law may be relevant that is in relation to the provision of services or goods to which the Trade Practices Act might apply.

Major Australian Life Insurance Companies contain almost 156 private sector organizations. This data is availed through the estimation of 30th June 2001. Among the 102 companies there are direct underwriters dealing with the public or through agents and brokers. In order to provide proper support to the direct underwriters there are 28 reinsures. The Australian market comprises companies that are Australian based, as well as many international insurers from the USA, Japan, Europe and the United Kingdom. The major Australian Life Insurance Companies provide employment for almost 25,000 people. All the Major Australian Life Insurance Companies take care of certain information from the insurer while developing a premium for his account:

  • Type of occupation(s);
  • Situation(s)
  • Previous claims history;
  • Contractual obligations;
  • Products, import, exports, manufacturer or retail;
  • Risk management adopted;
  • Size of business in term of employees or turnover;
  • Sum insured;
  • Interaction with third parties, third parties on premises;
  • Liability of contractors;




In insurance companies in Australia have introduced the new scheme of public liability insurance. This scheme covers legal liability claimed by third parties for death, injury and/or property damage. The person who retain the allegation of causing the death or injury or damage is the first party and the insurer the second party.
 
Major Australian Life Insurance Companies
 
  • Allianz Australia Life Insurance Limited
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  • Cuna Mutual Life Australia Limited
  • General Reinsurance Life Australia Ltd
  • ING Life Limited
  • IOOF Life Ltd
  • Hallmark Life Insurance Company
  • Hannover Life Re of Australasia Ltd
  • H C F Life Insurance Company
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