Loan Insurance

Protect your repayment with NICU's Loan Protection Cover.

If you are taking out a loan with us, you can apply for insurance to cover your repayments in the event of sickness, accident, involuntary unemployment or death. This insurance provides cover for your personal loan repayments or may even pay out your loan balance for you, with affordable premiums packaged into your loan.

Features

Choose death and/or disability cover with an option to add involuntary unemployment benefits
Up to $250,000 cover in the event of death
Up to $1,500 per month in the event you are disabled
Up to $1,500 per month for involuntary unemployment - for up to 3 months in any 12 month period to a maximum of $5,000 during the period of insurance
Easy to afford premiums which can be financed into your loan and repaid over the loan term
If there is a general increase to the interest rate resulting in the term of the loan being extended, the period of insurance will be extended by up to 6 months at no-extra cost

^{The above information is a summary of the cover provided by the policy. For detailed information on the cover and limits provided you should read the (direct link) to QBE's Policy Document (Product Disclosure Statement).}

Useful Links and Tools

Direct link to QBE's Loan Insure PDS

Questions?

If you have any questions, please contact us

^{Note: these documents are provided in .pdf format and require version, 4.0 (or later) of Adobe Reader. You can download Adobe Reader by clicking on the "Get Adobe Reader" button below.}

^{As a holder of Australian Financial Services Licence (AFSL 235022), Northern Inland Credit Union Limited can issue, vary, renew and cancel this insurance policy under a ‘binder’ provided by the Insurer. A ‘binder’ is an agreement that allows Northern Inland Credit Union Limited, as an agent of the Insurer, to enter into contracts of insurance on behalf of the Insurer. This means that the insurance policy issued to you by Northern Inland Credit Union Limited, is binding on the Insurer just as if it had issued the policy itself.}

^{Insurance policies are issued by QBE Insurance (Australia) Limited. ABN 78 003 191 035 AFSL 239545 and QBE Life (Australia) Limited. ABN 83 089 981 073 AFSL 245492}^{. Before making a decision about your insurance needs please refer to the Product Disclosure Statement available from Northern Inland Credit Union Limited or by referring to QBE's Product Disclosure Statement.}

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Any advice or information on this site does not take into account your personal objectives, financial situation or needs and you should consider whether it is appropriate for you. Please review our Disclosure Documents, Financial Services Guide and Credit Guide before acquiring the product.