Life Insurance

Issued by NobleOak Life

Life Insurance that can adjust as your financial commitments change over time. You can choose a level of cover to suit your requirements taking into account any loan commitments you have and to help protect your family’s lifestyle if life took a turn for the worse.

Receive your first two months of cover free* on all cover types selected when you apply before 30 September 2022.


Why choose FlexiCover Life Insurance?


You can tailor your cover

FlexiCover Life Insurance offers a number of cover types. These include Life, Total and Permanent Disability, Income Protection and Trauma covers.


Valuable peace of mind

You can apply for one or more of these cover types to help ensure you and your family are financially protected if you were to pass away, could no longer work due to a serious injury or illness, or be diagnosed with a defined serious illness condition (depending on covers selected).


Award winning insurer

FlexiCover Life Insurance is issued by NobleOak Life, who are Australia’s most awarded Direct Life Insurer of 2021.**

NobleOak FlexiCover Awards

Claims paid to you, not us

In the event of a claim, you or your beneficiary (depending on which cover types you select) would receive a lump sum payment^^ which could be used in any way you see fit, including for example to help to clear the balance of your loan or any other financial commitments.


Annual decreasing cover feature to manage affordability

You can choose to activate the annual decreasing cover feature with Life, Total and Permanent Disablement (TPD) and Trauma Insurance to reduce^ your cover each year - for example, as your financial commitments reduce over time. When you do this, your premium adjusts accordingly to help make your Life Insurance more affordable.


Fully underwritten cover

NobleOak ask you questions about your health and lifestyle upfront, which means you will have more certainty in the event of a claim.

Cover Types

With FlexiCover Life Insurance, you can choose a level of cover to suit your requirements. The following cover types and benefits are a summary of features only. Please see the Product Disclosure Statement for full product details.

Life Insurance

Life Insurance pays a lump sum to your nominated beneficiary upon death (or paid in advance if you are diagnosed with a terminal illness) and advance payment (of $15,000) to assist with funeral expenses.


  • Apply for up to a maximum of $25m cover
  • Terminal illness benefit (sum insured paid following diagnosis, instead of upon death)
  • $15,000 funeral advance benefit~ (from your Life cover amount)

Income Protection

Income Protection provides financial support for yourself and your family if injury or illness prevents you from working. If you choose Income Protection, a share of your income is paid during your benefit period, whilst you are unable to work.


  • Up to $30,000 monthly benefit depending on your income, for the first 2 years you remain on claim
  • Benefit period: 2 years, 5 years or to age 65
  • Waiting period: 30 or 90 days

Total and Permanent Disablement Insurance

Help protect yourself and your family from financial stress with a lump sum payment if you’re permanently disabled from a sickness or injury and unable to work again. Total and Permanent Disablement (TPD) insurance is available as an option with Life Insurance cover.


  • Apply for up to a maximum of $5m cover

Trauma Insurance

Help pay for treatment expenses and lifestyle adjustments with a lump sum payment if diagnosed with a covered critical illness. Includes cover for 37 critical medical conditions listed in the Product Disclosure Statement. 


  • Apply for up to a maximum of $2m cover

Visit the NobleOak website to find out more and get a quick quote. Or, call the NobleOak FlexiCover Life Insurance team on 1300 108 490 and mention 'Heritage Bank’.

Noble Oak Life Insurance