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On 9 August 2021 Westpac announced it had agreed with TAL Dai-ichi Life Australia Pty Limited (“TAL”) to sell Westpac Life Insurance Services Limited ("WLISL") and enter an exclusive 20-year strategic alliance for the provision of life insurance products to Westpac’s Australian customers. The sale of WLISL to TAL was completed on 1 August 2022. Following the sale, WLISL changed its name to TAL Life Insurance Services Limited. You can find out more by reading the FAQs.
Who is TAL?
TAL is one of Australia’s leading life insurance specialists. For more than 150 years, TAL has been protecting people. Together with our partners, today TAL protects over 5 million customers1. In 2021, TAL paid $2.7 billion in claims to 39,628 customers.*
TAL is part of the Dai-ichi Life Group, one of the world’s largest insurance groups.
1Based on customer covers in force across Group, Retail and Direct and there may be duplicate lives insured.
* Claims statistics based on total claims paid under TAL Life Limited insurance products between 1 April 2021 and 31 March 2022.