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. 


FeaturesEssential Cover Loan RepaymentEssential 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 are issued by CGU Insurance Limited ABN 27 004 478 371 AFSL No. 238291. Terms, conditions and acceptance criteria apply. Cover limits apply as set out in the policy wording. This material does not take into account your personal needs, objectives and financial circumstances and you should consider whether it is appropriate for you. Please read the Product Disclosure Statement to decide if a product is right for you.

  • Call Us:
  • Phone Banking 1300 553 571
  • Lost/stolen Cards 1800 648 027
  • Member Service 1300 553 582