MLC Life Insurance and NEOS will officially launch a new product as part of a new partnership between the two businesses.

They say Encompass Protection will be sold through financial advisers on the NEOS insurance platform, combining the service and administration of NEOS with the financial strength and claims management expertise of MLC Life Insurance.

“At MLC Life Insurance, we believe in the importance of risk advice and improving the sustainability of our industry and helping ensure Australians from all walks of life can access quality life insurance products,” Chief Life Insurance Officer Michael Rogers said.

“Our partnership will help deliver this goal.”

NEOS MD John de Zwart says the two businesses are “ideal partners” to deliver sustainable, affordable and quality life insurance to Australians.

“Offering Encompass Protection, alongside NEOS Protection, on the one service and technology platform, can improve adviser efficiency and ease of doing business,” he said.

“We’re passionate about trying to make risk advice easier, providing advisers with a range of high-quality products on a single, easy-to-use platform that advisers are familiar and comfortable with.”