Insurer Name:

Tower Insurance

About Company:

Started in 1869 in New Zealand, Tower insurance reached the Australian market in 1990. Currently, more than 1200 people are employed at Tower, satisfyingly serving hundreds of customers. Since 2006, the compound annual profit of the Tower insurance has touched the high of 22%.

Covers:

Income protection, life insurance

Advantages:

Tower Insurance is a very famous brand in New Zealand but now they have also built a very good reputation in Australia. The staffs and customer support are all very reliable. Their friendly representatives always help you in the best way possible and make everything turns out simple and stress free. Things like calculating quotes and purchasing policies are done very fluently and instantly.

Their pricing is great and suits every budget type. They provide many payment options like debit card, credit card, cheque and BPAY. They provide the option of yearly, biannually, quarterly and monthly payment cycles with discounts of up to 8, if paid in a single go. This is very helpful for people with tight budgets.

Disadvantages:

A major problem in the life insurance plan is that the customers have to wait for 13 months after the start of the policy to be able to get paid. This is something of a disadvantage as no one can control when they will get injured.

Conclusion:

Tower is a famous name in insurance market in New Zealand and now in Australia. Prices are very affordable compared to other companies. The policy coverage they offer is very comprehensive. One downside is that you cannot claim any money for a limited time after the starting of the policy.

The Terms and Conditions and Product Disclosure should be read very wisely and any decision should be taken only if you understand them. If there is any problem, you should call the customer service or consult a local financial consultant.

Insurance Carve deems Tower insurance as a company worthwhile to purchase insurance from.

Website Address: Visit Website Phone Number: 1300 286 937 Email Address: N/A

Address: Ground Level 80 Alfred Street Milsons Point NSW 2061