HCF Life also named Best for Income Protection Insurance (Direct) for fourth consecutive year

WEDNESDAY, 30 JULY 2025: HCF, Australia’s largest not-for-profit health fund, has been named Health Insurer of the Year in the 2025 WeMoney Insurance Awards, recognising the fund’s ongoing commitment to value, service and member-first care across its health insurance offering.

HCF Life – a wholly owned subsidiary of HCF – was also awarded Best for Income Protection Insurance (Direct) for the fourth year in a row, reflecting the strength of HCF’s Recover Cover^~ product range and its role in helping Australians protect their financial wellbeing during tough times.

Kevin Keane, HCF Chief Operating Officer, welcomed the recognition, saying:

“We’re proud to be recognised by WeMoney as Health Insurer of the Year and receive the Best Income Protection Insurance (Direct) award for the fourth consecutive year. As Australia’s largest not-for-profit health fund, we’re focused on value that actually benefits our members – not shareholders. These awards show we’re delivering affordable, reliable cover that supports Australians to take control of their health and financial wellbeing.”

HCF has operated in the life insurance space for over 40 years, supporting members with direct, flexible protection for when illness or injury interrupts everyday life.

The WeMoney Insurance Awards are independently judged and celebrate insurers delivering outstanding customer experience, product value and digital innovation — with a particular focus on helping younger Australians find trusted cover without unnecessary complexity or cost.

HCF’s Income Protect Insurance ^~ can cover up to 70% of a person’s average monthly income* (up to $10,000 per month) for up to 12 months if they’re unable to work for more than 30 days due to illness or injury.^{^} Most claims are paid within five days once all required information is received,^# and premiums start from as little as $2.65 per week.⁺

While HCF Life is not a not-for-profit entity, as part of the HCF Group, it shares a broader commitment to putting members first. Over the past 10 years, HCF has returned more in benefits for every dollar in premiums paid than the industry average. ^**

For more information, visit Award-winning Cover | HCF

ENDS

Media enquiries to:

Joni Thomes 0475 576 738 or jthomes@hcf.com.au

ABOUT HCF
HCF, Australia’s largest not-for-profit health fund protecting Australians since 1932, covers over 2 million members with health and life insurance, travel, pet, home and car insurance. HCF has been awarded Outstanding Value Health Insurance by Canstar nine years in a row from 2016-2024. On average over the last ten years, HCF has paid out more cents in every dollar in premiums to members as benefits than the industry average.^** To learn more about HCF go to hcf.com.au/about-us.

^** 89.2% compared to 85.6% across the industry. Calculated based on the average of the past 10 years, sourced from APRA Statistics: Private Health Insurance Operations Reports 2014-23.

IMPORTANT INFORMATION

^~Terms and conditions apply. Please read the relevant Product Disclosure Statement, Policy Document and Financial Services Guide available by calling 1800 560 855 or visiting hcf.com.au/lifeinfo, and consider your financial situation, objectives, and needs before deciding on these products as any advice provided does not take these into account. In addition to these documents, you should also read the Target Market Determination (TMD) for the product, which is available at hcf.com.au/lifeinfo. Our Recover Cover products are issued by our own HCF Life Insurance Company Pty Ltd. ABN 37 001 831 250, AFSL 236 806 (HCF Life). HCF Life is a wholly owned subsidiary of The Hospitals Contribution Fund of Australia Limited ABN 68 000 026 746, AFSL 241 414 (HCF). The premiums for Recover Cover products are paid to HCF Life. HCF receives commission from HCF Life for their sale of up to 40% of the first year’s premium plus an additional commission of 80% of HCF Life’s underwriting profit each year calculated as premiums less claims and expenses. HCF’s staff may receive an incentive depending on the annual premium of these products which they sell. This will not exceed 15% of the first year’s premium.

^*Payment is subject to offsets including any amounts payable from your employer or superannuation fund.

^{^}Subject to exclusions and limitations - please refer to the PDS and the Policy Document for further information.

^#Get your cash payment when your claim is approved.

⁺For a male aged 29-34 who is a non-smoker accountant with a normal BMI on a $1,500 monthly benefit.