Life insurer OnePath has again been named the winner of Canstar Cannex’s outstanding life insurance product award.

The insurer has won the top award for each of the four years Canstar has run the review.

“This year they are on the podium again and obviously still providing consistent value across all products and profiles we look at,” Canstar Head of Wealth Management Stephen Mitchell said.

“Four years in a row by OnePath is a hard act to follow and a true measure of product excellence.”

But this year’s top award has been shared with AIA Australia, which earned strong scores in term life, packaged life insurance and income protection.

Canstar looked at the life policies of 13 companies by scrutinising in excess of 600,000 quotes across four life stages, 20 occupations, two premium types (stepped and level) and both genders.

In the national product category awards, Tower and Zurich were named as winners in the term life category.

Tower also joined AMP as the trauma category winner, while Axa and Zurich were named the winners of the total and permanent disability award.

OnePath and Zurich shared the honours in the packaged life category, while the overall winners, OnePath and AIA, won the income protection award.