TAL has been named the Association of Financial Advisers’ life company of the year for the second year running, beating AIA, OnePath Life and Zurich Financial Services.

Zurich triumphed in the service quality category, AIA in term life and total and permanent disability, and BT in trauma and critical illness.

MLC won the income protection award and Asteron Life the risk product innovation category.

Challenger was named annuity provider of the year and won the long-term income stream and the annuity and income stream innovation categories.

CommInsure won the investment bond award.

The awards are based on quantitative studies by Strategic Insight, actuaries and other researchers.