MLC Life Insurance, partnering with National Australia Bank (NAB), has expanded the distribution of its simple life insurance product "NAB Essential life", via NAB's 760 branches across Australia.

NAB Essential Life cover will be available online, on the phone and throughout NAB branches nationwide. Customers will be able to buy life cover through an easy and speedy application process, without the need to consult a financial adviser or planner.

Anand Thomas, Chief Customer Officer of Bancassurance, Digital & Direct at MLC Life Insurance, believes the NAB Essential Life cover is a solid demonstration of how the new strategic partnership between NAB and Nippon Life Insurance Company is enabling MLC Life Insurance to better meet a diverse range of its customers’ needs.

Says Anand, “At MLC Life Insurance, we’re committed to providing a complete range of protection solutions for customers, so that all Australians have access to life protection if they need it. The NAB Essential Life product is another way for customers to access life protection easily. The product is best suited to those customers who don’t have complex debts arrangements and don’t have time to meet with a financial planner, but want the security of protection. The product also perfectly complements our existing range of life insurance solutions.”

NAB Essential Life streamlines the process of buying life insurance, offering cover of up to $1 million with no medicals required. Customers are provided with an instant decision by answering a few simple questions, so they can be immediately covered from the time they leave the branch or hang up the phone.

“The introduction of the Essentials range is a tangible example of how MLC Life Insurance and NAB are working together to make life insurance more accessible. Our strategic partnership with NAB provides us with access to one of the largest distribution networks in the industry and we’re proud to be supported by a bank that believes in the value of protection,” Thomas continued.

Customers with NAB Essential Life cover will also be able to access the exclusive Best Doctors programme, which allows them to access independent medical advice from a network of more than 50,000 medical experts from around the world, without leaving their homes.

The national launch of ‘NAB Essential Life’ follows NAB’s October sale of 80 per cent of MLC Limited - which operates the MLC life insurance business - to Japan’s Nippon Life Insurance Company.

NAB Essential Life is available over the phone, online and in NAB bank branches across the country. For more information, please visit http://www.nab.com.au/personal/insurance/life-insurance or call 1300 411 535 between 8am - 7pm, Mon-Fri (AEST/AEDT).

About MLC Life Insurance

MLC Life Insurance is a specialised life insurance business. It represents a landmark strategic partnership between National Australia Bank (NAB) and Nippon Life Insurance under which NAB retain 20% shareholding and Nippon Life hold a majority 80% of the shares in MLC Limited, the entity which operates the MLC Life Insurance business. The Australian-led and managed business aims to leverage Nippon Life’s global presence, built over 127 years, alongside MLC Life Insurance’s significant experience in understanding and meeting the insurance needs of everyday Australians since 1886.

For more information on MLC Life Insurance, visit mlcinsurance.com.au