The award criteria encompassed various factors, including financial strength, market performance, product features, premium rates, service quality, and lapse rates. Encompass Protection's performance across these areas distinguished it as a leader in the income protection insurance sector.
Launched on the NEOS Platform in 2022, Encompass Protection has rapidly gained recognition for its customer-centric approach and innovative product offerings. The company's dedication to delivering quality options and an exceptional service experience has resonated with both advisers and clients.
Michelle Baltazar, Editor in Chief at Money Magazine, highlighted the significance of the awards, stating that they recognize leading providers of risk insurance in Australia, including death, TPD, income protection, and funeral insurance. The awards aim to showcase organizations offering the best cover for members and the best value premiums, assisting Australians in selecting insurers that best meet their needs.
For consumers, this recognition serves as a valuable benchmark when evaluating income protection insurance options. It underscores the importance of considering factors such as financial stability, comprehensive coverage, and quality service when choosing an insurer.
As the insurance landscape continues to evolve, accolades like the Money Magazine Life Insurance Awards provide insight into industry leaders committed to excellence and customer satisfaction. Encompass Protection's achievement reflects its dedication to supporting Australians in safeguarding their financial futures.
