Rating: 5/5
Introduction
NAB Insurance, which stands for National Australia Bank Insurance, with over 40,000 employees and 1,800 branches worldwide, NAB is no minor player. Their business model is providing quality products, services, fair fees and charges, and relationships built on the principles of guidance and advice. Since that is what they say, I wanted to see if it was true. They offer an impressive list of brands connected to their company such as Clydesdale Bank, Yorkshire Bank, Bank of New Zealand and Great Western Bank.
For reviews of other insurance companies similar to this one, you should also check out BankWest Insurance Reviews, CommInsure Insurance Reviews and QBE Insurance Reviews.
Features and Coverage
When I started looking into their website I quickly realized that they didn't offer just insurance but a full complement of financial services. First I want to explore the insurance end.
NAB has 4 basic types of insurance:
- Car Insurance - As far as Car Insurance they offer Comprehensive, Third Party Property Damage Fire and Theft and Third Party Property. All are available online with a 10% discount, get a quote in 2 minutes and immediate coverage.
- Home Insurance - With NAB Home Insurance you get 2 choices, NAB Home Insurance Essentials (basic) and NAB Home Insurance (comprehensive). Again apply online and get the 10 % discount.
- Life Insurance - MLC Life Insurance is their basic offering and MLC Life Cover Insurance is more comprehensive package.
- Travel Insurance - There are 3 policies, Domestic Cover ( for single trips up to 35 days), International Cover (for single trips abroad with medical) and Annual Cover ( a comprehensive 12 month policy for both domestic & international). All quotes available online.
But being a full service financial institution, insurance is only a part of what they offer.
They have 2 types of loans.
- Home Loans
- Personal Loans
