REP 471 The sale of life insurance through car dealers: Taking consumers for a ride

Released 29 February 2016

This report presents ASIC’s findings in relation to the sale of the life insurance components of consumer credit insurance (CCI) sold through car dealers (car yard life insurance). Our findings are based on data collected from life insurers who issue car yard life insurance.

Our review suggests that car yard life insurance:

  • Ÿis poor value for money, as it can be much more expensive than other forms of life insurance.
  • Ÿcan be sold when it is not necessary (e.g. to young people with no dependants).

Download the report (PDF 497KB)

Last updated: 23/03/2016 03:05