About Hannover

Hannover is a specialist provider of group life and group income protection insurance to employers, superannuation funds, industry funds and master trusts in Australia.

Hannover has a proud history of being an industry leader in the provision of group risk insurance and remains at the forefront of developments in this sector. As one of the longest standing group risk insurers in the Australian market, Hannover understands the value of long term partnerships, sustainability and delivering the highest level of customer satisfaction.

By selecting Hannover, you have the confidence in knowing that we have a long term commitment to the Australian life insurance market, we are financially strong and we have the resources and capital reserves to meet present and future claims.

Financial Strength & Security

The life insurance business owned by Hannover has been operating in Australia since 1958 and at 31 December 2013 our total annual in-force premium was approximately $901 million.

Hannover is a wholly-owned subsidiary of Hannover Re, one of the world’s leading global life reinsurance groups. Hannover Re transacts all lines of non-life and life & health reinsurance with around 2,400 staff. At 31 December 2013, Hannover Re had total assets of $82.9 billion and gross annual premium income of $21.2 billion.

Hannover and Hannover Re both enjoy a Standard & Poor’s financial strength rating of AA- (very strong). In addition, A.M Best has awarded Hannover Re with a financial strength rating of A+ (superior).

2010 Super Review

  • Group Insurer Service Level Award

At the November 2010 ASFA Conference, Hannover was honoured to be named as the winner of the prestigious Super Review Group Insurer Service Level Award.

The customers surveyed rated Hannover’s customer service and claims handling as excellent in comparison to other insurers. Hannover was also rated highly for product design and pricing.

While it is great to be recognised by the industry, the real measure of Hannover’s success continues to be a dedication to meeting customer needs and providing superior products and service.

Updates pursuant to the ASIC Corporations (Updated Product Disclosure Statements) Instrument 2016/1055

The following non-materially adverse updates have been made to the UPlus Product Disclosure Statement dated January 2021 (PDS).


  • Hannover has been granted an Australian Financial Services Licence (AFSL) to provide a claims handling and settling service with the effect of 20 December 2021. Its AFSL number is 530811; and
  • If a customer wishes to confirm any transaction under the policy listed above (such as the issue of a policy, a confirmation of a claim transaction, or a cancellation of the policy), please contact Coverforce using the contact details noted in the PDS.

Contact Us

For more information or to arrange cover, please contact your PayCover Service Team directly or email paycover@coverforce.com.au

Are you looking for expert risk advice and great value cover for your business? Call us to speak to a Coverforce insurance broker today.

Our Insurance Brokers service clients throughout Australia, with key offices in Sydney, Melbourne, Brisbane, Adelaide and Perth.

Our global insurance network

Our brokers can access more than 100 insurers across the globe to find your business quality cover at the right price.

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