Life Insurance Comparisons

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MLC Insurance

 

MLC Insurance is the wealth management division of the National Australia Bank (NAB). MLC provides investment, superannuation and life insurance solutions and supports the provision of quality financial advice, which helps people achieve and protect their lifestyle and financial goals.


Through a vast network of financial advisers, MLC Insurance provides quality financial planning services to individual investors and corporate customers throughout Australia. MLC also provides corporate and institutional customers with out -sourced investment, superannuation and employee benefit solutions.


MLC manages more than $102 billion on behalf of individual investors and corporate customers in Australia (as at March 2008).


MLC does not directly manage investment funds, but multi- manager options combine the expertise of up to 28 leading investment managers from around the world.

 

This approach gives investors access to a combination of individually selected investment managers providing diversity across asset classes, within asset classes and across investment styles.

MLC Insurance

The aim is to provide greater consistency of performance in variable market conditions compared to a single manager and significantly reduce risk without comprising the overall return. MLC is the third largest multi-manager in the world, with more than 7.7% of the world market share.

 

MLC holds the number one position for personal insurance annual inforce premiums, with 14.8% market share, and is ranked the number one provider of Master Funds (platforms), with 14.4% market share.