Formerly part of ING, OnePath are one of the more well known brands in the Market. They have been trading for over 134 years. Now a wholly owned subsidiary of ANZ bank, they benefit from having the financial security of one of the four largest banks in Australia, and also increased brand awareness, operating in over 32 countries and having more than 8 million retail customers worldwide. OnePath has won various awards including Risk Company of the year (Adviser Choice Risk Awards 2010 and 2011), Life Company of the Year Award (AFR Smart Investor, 2008, 2009, 2010 and 2011), and Outstanding Value Award for Life Insurance (Canstar- Cannex 2010 and 2011).
OnePath have a consistent approach to business and pricing. Unlike many other insurers, they have not had a price increase for 5 years (excluding old Mercantile Mutual policies). This means that in many cases OnePath premiums are extremely competitive. In addition to this OnePath offer various levels of premium discounts (size, multi cover and group), which further reduce their premiums.
OnePath have an exceptional approach to claims. In 2011, all legitimate claims were paid. The only claims not paid were due to deliberate non disclosure and fraud. All claims handlers are specifically trained to assist advisers with claims, work efficiently, show empathy and get the claim paid as quickly as possible.
Always read the Product Disclosure Statement for each policy before making a decision to buy.