TUESDAY, 7 MAY 2024: HCF Life, part of the HCF Group, Australia’s largest not-for-profit health fund, continues to be acknowledged for its outstanding value product offering.

For the third consecutive year, HCF Life’s Income Protect Insurance has been recognised with the Mozo Experts Choice Award for Exceptional Value Income Protection. Established in 2014, the Mozo Experts Choice Awards recognise products that deliver exceptional value or benefits to consumers.

To evaluate Income Protection Insurance, Mozo judges considered the cost of plans with both one- and three-month waiting periods, and one- and two-year benefit periods, for a variety of professions.

HCF Chief Operating Officer, Lorraine Thomas, expressed pride in the recognition, saying it was a demonstration of HCF’s unwavering commitment to providing members with uncommon care.

“The support we provide members at HCF goes beyond just health insurance. We’re also there for them with award-winning Income Protection Insurance,” Ms Thomas said.

HCF Life’s Income Protect Insurance has also been distinguished as Money magazine’s ‘Best of the Best 2024’ for ‘Best-Value Direct Income Protection Insurance’ and WeMoney’s ‘Best for Income Protection Insurance (Direct)’, for the third year in a row (2022 to 2024).

Additionally, HCF Life has secured the WeMoney 2024 ‘Outstanding Customer Service (Income Protection)’ Award and was recognised as a finalist for the ‘Best for Value (Life Insurance)’ Award.

“These awards demonstrate how our unique range of flexible life products go above and beyond in helping take care of unexpected costs that come with the hurdles of life.”

HCF Income Protect Insurance^~ is part of HCF’s Recover Cover range of recovery and life insurance products, designed to assist with living expenses and provide financial stability during illness or injury.  

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 almost 2 million members with health and life insurance, and travel and pet insurance. HCF has been awarded Outstanding Value Health Insurance by Canstar eight years in a row from 2016-2023. 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

^{^^} For every dollar our members pay in premiums, we’ve paid out more benefits than the industry average over the last 10 years. Savings calculated for the FY20-23 period.

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.