Mortgage Repayment Insurance

Share

In times of unexpected difficulty we think you have enough to worry about, without having to think about making your mortgage payments. 

Asset ALT

We have a range of mortgage repayment insurance options to help you with the right level of cover for your repayments if you ever need it.

For ease of mind, we will provide you with cover to assist you through difficult times. Claims are easy to make over the phone with no messy paperwork.

To arrange a quote or find out more, have a chat with us on 13 11 82 or visit any branch.

Benefits, rates and fees

Optional Additional Cover:

  • Mortgage repayment insurance is available for principal and interest, or interest only.

What am I covered for?

  • Disablement due to illness or injury - up to $3,500 per month until you are able to return to work or the claim reaches its benefit limit of 30 months
  • Involuntary unemployment - up to $7,500 per claim for a maximum of 180 days. One claim per 12 month period ($15,000 policy limit)
  • Life cover - up to $500,000
  • Trauma eg Heart Attack, Coronary Artery Surgery, Stroke, Cancer) - up to $50,000
  • Hospitalisation due to illness or injury: subject to a policy maximum of $6,000

How do I make a claim?

  • Making a claim is easy. Just call 1800 248 224 (1800 CGU CCI) and quote your policy number.

Find out information about existing policies here.

     
Call
13 11 82  
Visit closest branch Branch locator

You may also consider:

Excess periods may apply. Refer to the PDS for more details.

Subject to the product issuer’s underwriting rules and acceptance guidelines.

Mortgage Repayment Insurance is issued by CGU Insurance Limited ABN 27 004 478 371 AFSL No. 238291 (CGU). For the Life and Trauma covers, CGU holds an insurance policy issued by National Mutual Life Association of Australasia ABN 72 004 020 437 AFS Licence No. 234649 a member of AMP Group (NMLA). CGU administers the Life and Trauma covers on behalf of NMLA and CGU’s liability under that policy is limited to the administration of the policy including the management of claims. This information must be read in conjunction with the Product Disclosure Statements (PDS) which set out the full details of cover plus explanations and any applicable limits and exclusions. The PDS can be obtained from any branch or downloaded from this website.

People's Choice Credit Union, a trading name of Australian Central Credit Union Ltd ABN 11 087 651 125 AFSL 244310 acts under agreement with CGU. When you take out a policy with CGU, CGU pays  commission at rates which range from 0% - 40% of the base premium.

This information and advice is general advice only and is provided without reference to your personal circumstances so you should consider whether this product fits your objectives, financial situation and needs. Contact us on 13 11 82 with any questions, or visit your nearest branch to talk with a consultant.

Show all products

Information

Online Tools 

Accessing your Account

Products

 

Copyright © 2013 People's Choice Credit Union, a trading name of Australian Central Credit Union Ltd
ABN 11 087 651 125    Australian Financial Services Licence (244310) and Australian Credit Licence (244310)    BSB 805-050