Asteron

Asteron Life Company Overview

Asteron Life is a distinguished life insurance provider with a rich heritage in Australia and New Zealand.Established in 1833, it issued Australia's first life insurance policy, marking the beginning of its longstanding commitment to helping individuals protect what matters most.

• Founded: 1833
• Headquarters: Sydney, Australia (Australian operations); Wellington, New Zealand (New Zealand operations)
• Ownership:
  • Australia: Asteron Life & Superannuation Limited's life insurance business was transferred to TAL Life Limited on 1 October 2021 .
  • New Zealand: Asteron Life New Zealand was acquired by Resolution Life Australasia in February 2025 .

Products and Services offered

Asteron Life offers a comprehensive suite of life insurance products tailored to individual and business needs:

• Life Cover: Provides a lump sum payment in the event of death or terminal illness.
  
• Trauma Cover: Offers financial support upon diagnosis of specified serious illnesses.
  
• Income Protection: Replaces a portion of income if unable to work due to illness or injury.
  
• Total and Permanent Disablement (TPD) Cover: Provides a lump sum if permanently unable to work due to disability.
  
• Business Expenses Cover: Helps cover fixed business expenses if the owner is unable to work.wealthsmart.com.au+1Asteron Life+1

These products are available through financial advisers and are designed to offer flexibility and comprehensive protection

Financial Strength and Recognition

• Financial Ratings: Asteron Life Limited holds an “A” financial strength rating, reflecting its robust financial position.