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Mortgages and Personal Loans are often long term commitments, so it makes sense to protect them with Loan Repayment Protection Insurance.

Loan Repayment Protection Insurance is your safety net, which will protect you if misfortune strikes and you are unable to meet your monthly loan repayments due to disability, involuntary unemployment or death. Loan Repayment Protection Insurance relieves the financial burden for you and your family in your time of need.

We offer two loan protection products depending on your type of loan.

Mortgages - Allianz Five Year Mortgage Repayment Insurance

 

Cover for your home loan repayments up to the policy limits.

Depending on the cover you apply for, key features include:

  • Cover for 24 hours a day; 7 days a week
  • A death benefit of up to $750,000
  • A monthly disability benefit for up to 24 months
  • Involuntary unemployment benefit:
    • o up to a maximum of $3,000 per month for up to 120 days per claim; or
    • o up to a maximum of $10,000 in any one policy period,
      whichever occurs first.

 

Personal Loans - Allianz Loan Cover Insurance

 

Cover for your personal loan repayments up to the policy limits.  

Depending on the cover you apply for, key features include:

  • Cover for 24 hours a day; 7 days a week
  • A death benefit of up to $80,000
  • A monthly disability benefit
  • Involuntary unemployment benefit:
    • o for up to 120 days per claim; or
    • o up to $10,000 for any one policy period,
      whichever occurs first. 

 

 Ways to pay your loan insurance

 

Important Information

Read our Loan Cover Insurance Product Disclosure StatementFive-Year Mortgage Repayment Insurance Product Disclosure Statement for more detailed information.

It is important that you understand that this insurance is optional and you can only purchase this insurance if you have a loan.

Please note you are entitled to a 30-day cooling off period should you change your mind about this insurance once you have purchased.

How to claim

You can make a claim by calling us on 1300 362 108 between 8.30am - 5.30pm Monday to Friday, Australian Eastern Standard Time excluding public holidays.

 

 

Questions?

 

If you have any questions, please contact us

EnquireNow

 

 

**The total combined cover for all Consumer Credit Insurance policies issued by Allianz Life cannot exceed $750,000.

Allianz Australia Insurance Limited (Allianz) AFS Licence No: 234708, ABN 15 000 122 850 of 2 Market Street, Sydney NSW 2000 is the insurer of the Disability and Unemployment cover. Allianz Australia Life Insurance Limited (Allianz Life) AFS Licence No: 296559, ABN 27 076 033 782 of 2 Market Street, Sydney NSW 2000 is the insurer of the Death cover. Allianz acts as Allianz Life’s agent in offering and administering the Death cover. In arranging this insurance Goulburn Murray Credit Union Limited acts as an agent for Allianz, not as your agent. We do not provide advice on this insurance based on any consideration of your objectives financial situation or needs. Terms, conditions, limits and exclusions apply. Before making a decision please read the Product Disclosure Statement available on this website or by calling Goulburn Murray on (03) 5821 9033. If you purchase this insurance, Goulburn Murray will receive a commission that is a percentage of the premium. Ask us for more details before we provide you with any services on this product.

PDS Loan Cover Insurance
PDS Five Year Loan Repayment Insurance