NEOS and MLC Life Insurance are excited to announce a new partnership between their two organisations to bring a new insurance option to Australians.
Called Encompass Protection, and sold through financial advisers on the NEOS insurance platform, the offer combines the market leading service and administration excellence of NEOS with the financial strength and claims management expertise of MLC Life Insurance.
Encompass Protection will officially launch in Australia in the coming months.
The ongoing pace of change in the life insurance industry, including the increasing cost of providing risk advice and changing consumer needs, means that life insurers must adapt and look at newer and more innovative ways to provide cover to Australians.
NEOS Managing Director, John de Zwart, said:
“NEOS and MLC Life Insurance are ideal partners to deliver sustainable, affordable and quality life insurance to Australians. NEOS came to market with a vision to simplify life insurance for customers and advisers, and we believe this is an important, exciting step on that journey. Offering Encompass Protection, alongside NEOS Protection, on the one service and technology platform, can improve adviser efficiency and ease of doing business.
“We’re excited to partner with MLC Life Insurance. We’re passionate about trying to make risk advice easier, providing advisers with a range of high-quality products on a single, easy-to-use platform that advisers are familiar and comfortable with.”
Michael Rogers, Chief Life Insurance Officer, MLC Life Insurance, said:
“At MLC Life Insurance, we believe in the importance of risk advice and improving the sustainability of our industry and helping ensure Australians from all walks of life can access quality life insurance products. Our partnership will help deliver this goal. Encompass Protection will provide the market with a new insurance offering, and we’re excited to partner with NEOS.”
NEOS entered the market four years ago and since launch, they’ve changed the way life insurance is delivered in Australia. With a vision to set a new standard, and being 100% committed to delivering an exceptional service experience, they can proudly say they’ve been continuously voted by advisers as the market leading insurance provider in the Australian retail life insurance market.
For more information about the NEOS insurance platform, or any of our products please visit neoslife.com.au or speak to your NEOS BDM.
About MLC Life Insurance
MLC Life Insurance is a specialised life insurance business, operated by MLC Limited. Nippon Life Insurance holds a majority 80% of the shares in MLC Limited. The Australian-led and managed business, established in 1886, aims to leverage Nippon Life’s global presence and experience in understanding and meeting the protection needs of everyday Australians.
MLC Limited operates the MLC Life Insurance business and uses the MLC brand under licence. MLC Limited is part of the Nippon Life Insurance Group and is not a part of the IOOF Group.
For more information on MLC Life Insurance, visit mlcinsurance.com.au