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AXA Insurance Reviews

Reviewed by: Insurance Onus

Rating: 5/5

Introduction


A screenshot of the insurer's website
AXA Insurance is a financial services company offering a comprehensive range of insurance for Individuals and Groups, including:

  • Life Insurance
  • Total and Permanent Disability Insurance
  • Trauma Insurance
  • Income Insurance
  • Business Expenses Insurance

For reviews of other insurance companies similar to this one, you should also check out AMP Insurance Reviews, Ansvar Insurance Reviews and Insurance Line Insurance Reviews.

I was immediately impressed with the number of awards the company has earned: Best Term & TPD Insurance category in Money magazine's 2011 Best of the Best awards, a five star rating by CANSTAR Cannex for outstanding value for its Total and Permanent Disability Insurance, and the Australian Financial Review Smart Investor SMILES Award in 2009. However, I found the website to be a bit boring and I don't feel they provide much information on their policy, which left me wondering, why should I - or any consumer purchase from AXA?

I got an answer regarding their Group Insurance:

  • Total and Permanent Disability (TPD) cover accessible for longer to age 70 - because people are working to an older age and require longer periods of coverage
  • TPD tapering is optional, with a 10% annual taper - much lower than other companies
  • The only insurer to offer a standard three month waiting period for TPD, rather than six which is common with most companies
  • Claim on day ONE for certain TPD conditions
  • Life events cover up to age 65
  • Group Salary Continuance (GSC) to age 70
  • Flexible ‘return to work' rules while receiving GSC benefit
  • Full death benefit paid on diagnosis of a terminal illness
  • Nursing care benefit - you only need to be in are for 2 days before benefits kick in
  • Trauma Benefits with no qualifying period
  • Continuation option for death cover with most insurers is until age 60. AXA provides until age 65
  • Twenty-four month Parental Leave cover, rather than the standard twelve month

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Step 1:
Contact Details, etc.

Website Address: http://www.axa.com.au/

Email Address: N/A

Phone Number: 137 292

Address:
AXA Australia
Registered office
750 Collins Street
Melbourne, Victoria
3008

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