Loan Insurance
Home, personal loans, overdrafts and credit cards can add up to be substantial financial commitments, so it makes sense to consider Loan Insurance. This insurance offers you and your family the security of knowing that, should the unexpected occur your loan repayments can be taken care of. Essential Cover Loan Repayment looks after your home and personal loans while Essential Cover Line of Credit looks after overdrafts and credit cards.
| Features | Essential Cover Loan Repayment | Essential Cover Line of Credit |
|---|---|---|
| To cover: | Home loans and personal loans | Overdrafts and credit cards |
| Life benefit | Lesser of the loan balance at the date of death or $500,000 | The lesser of your credit limit at the date of death or $500,000 |
| Disablement and Hospitalisation benefit | Up to $210,000 for disablement and up to $6,000 for hospitalisation | Up to $210,000 for disablement and up to $6,000 for hospitalisation |
| Involuntary employment benefit | Up to $15,000 | Up to $15,000 |
| Trauma benefit | Up to $50,000 | Up to $50,000 |
| Premiums financed with loan or product |
In addition:
- Insurance cover is tailored to meet your needs.
- The insurance service centre is available to phone 24 hours a day, 7 days a week.
Products issued by Insurance Australia Limited ABN 11 000 016 722 AFSL 227681 trading as CGU Insurance. Life and Trauma Insurer: AMP Life Limited ABN 84079300379 AFSL No. 233671
