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MLC Insurance Review

Note: Views expressed in this review are not the opinion of Insurance Fort. It is a summary of multiple reviews collected from community-review websites posted by consumers. Please read our Disclaimer for more information.

Insurance Review: MLC Insurance Reviewed by Insurance Fort

Rating: 5/5 on

Insurance Company Description: MLC is a wealth management division of NAB with over 120 years of experience that offers many services such as superannuation, investment, insurance, and retirement income solutions. MLC has a huge network of financial advisers that are specially trained to help make you the best decisions to secure you financially.

Covers: Loan insurance, personal insurance, life insurance, general insurance, home insurance, contents insurance, car insurance, group insurance, income protection

Pros: There are benefits and advantages for being with MLC. They can offer the option to help you keep up with inflation for a better protection. The income protection has been noted to be much higher than other insurers in the market.

Policyholders of a personal insurance include exclusive access to a unique medical advice service that was rated as one of the best innovations. This is provided with no extra costs and can give members admission to a good resource on how to live a healthy life.

Many people have said that claims were easy to get with the money being sent to them in less than a few weeks. Signing up for an insurance policy is very easy to do. The staffs that handle all the customer relations are always nice, kind and passionate for individual needs with excellent knowledge about the finance sector. The financial advisers always have an excellent knowledge on what is best for the customer.

Overall: MLC is a very professional and big wealth management company that has provided many satisfying insurance to their customers. They offer a wide range of insurance, all done in a very professional manner. With over 120 years of service, there are many testimonies and praises about the company.

Before signing up to any policies, it is very important that you have taken the time to go through the Terms, and Product of Disclosure Statement. By doing so, you will be able to get a better outlook of what you are buying, and ultimately decide if it is right for you.

Insurance Fort believes that MLC Insurance is a company worth purchasing insurance from.

Contact Information

Website Address: Visit Website

Phone Number: 132 652

Email Address: N/A

PO Box 200
North Sydney
NSW 2059

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Insurance Reviews

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Cons: called them to cancel Insurance on my credit card. had to wait hours on the line and they did\'nt let me finish my questions they hung up on me several times. Poor customer service.

Overall: Disgusting

dissatisfied customer


Pros: No comment

Cons: I became injured and made a claim. Claim was subsequently disputed by MLC. Avoided policies from inception due to non fraudulent non disclosure. I took MLC to FOS. I won. They still did not pay. I am again taking them to FOS to make them pay for the previous FOS decision and am awaiting FOS to force MLC to pay. I made a post on another online forum about my disatisfaction and received a PM from another user on the forum. Guess what she got breast cancer and MLC denied the claim and also the policies from inception. MLC seem to have taken the position that most people will not challenge a claim or policy denial, and if they do it will take FOS 18 months to deal with the case. By which time the claimant is probably bankrupt. My current Financial adviser told me that they got rid of MLC from their Financial adviser portfolio due to unreasonable claim denial on multiple occasions. Rate very poorly in the industry rankings, expensive with poor claims handling procedures. Go with One path or BT IMHO.....Good luck

Overall: Substandard would be an understatement....



Pros: Good company with trustworthy business pracitses. They are one of the few brands taht I actually trust when getting insurance out.

Cons: Durig times when the economy is going bad, thigns can get expensive and even bring out nasty team members to talk with customers.

Overall: In my opinion, MLC is a good and reliable company but only fo ra while. Their product of disclosure is a bit hard to study, even harder than my chemistry textbook! At the end, I still got through.

Defiantly an insurer I recommend but just make sure you know what you are doing.