ANZ Loan Protection

We cover your loan, in case you can't.

According to the Institute of Actuaries, 1 in 3 Australians aged 30 will suffer a long term disability of three months or more before age 65. (Report of the Disability Committee, May 1997).

So, how would you cope?

Your savings could soon be eaten away by loan repayments, and living expenses. Or you could be forced to sell your assets, if you couldn't meet those expenses. If you died, your partner and family could face the burden of debt.

That’s why you can never be too careful. ANZ Loan Protection can offer you peace of mind should the unexpected happen.

With ANZ Loan Protection, you are able to select the level of cover that’s right for you. You can choose simple Life and Sickness and Accident cover, or perhaps you would like to extend your protection to include Involuntary Unemployment cover.

To make it easier for you and to avoid an up front one off payment, ANZ can add the premium for your insurance to your loan amount.

This way, the cost is spread over the term of your loan.

So don't take unnecessary risks: make sure you include ANZ Loan Protection.

If you have loan protection in conjunction with an ANZ personal loan, for the term of the loan, you may be entitled to a discount on the rate of the loan.

Remember, your Loan Protection premium can be added to your loan amount, spreading the cost over the term of the loan.

How do I buy Loan Protection through the Web?

With ANZ, buying a great Loan Protection policy couldn’t be easier. Customers can opt for Loan Protection on their online Loan Application.

It is important that you read and understand the Product Disclosure Statement including terms, conditions and limits (PDF 288kB).

This insurance is co-issued by OnePath Life Limited ABN 33 009 657 176, AFSL 238341 (OnePath Life) and QBE Insurance (Australia) Limited ABN 78 003 191 035 AFSL 239545 (QBE). OnePath Life is a subsidiary of Australia and New Zealand Banking Group Limited (ANZ). ANZ, an authorised deposit taking institution (ADI) under the Banking Act 1959, does not stand behind the issuer. The issuer is not an ADI and this insurance is neither a deposit nor liability of ANZ or any member of the ANZ Group, other than OnePath Life. ANZ recommends that you read the Financial Services Guide (PDF 104kB) and the relevant Product Disclosure Statement for further information about its association with the issuer, any benefits that it may receive and other important information before deciding whether to acquire or hold this product.

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