BSB 805 050

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BSB 805 050

Mortgage Repayment Insurance

Insure the expense of repaying your mortgage to keep your home safe from unexpected changes

Dont let a setback put your home in jeopardy

Meeting home loan repayments is an important responsibility. But if you were unable to work due to illness or injury - or if you passed away - how would your family cope with the repayments?

Partnering with CGU, one of Australia’s most trusted and credentialed insurers, we offer affordable Mortgage Repayment Insurance packages to cover the cost of repaying your mortgage should your situation change. Receive cash assistance for sudden health issues, accidents, disablement, death and cover for involuntary unemployment.

You can choose to cover your home or investment loan repayments, whichever type you hold, with your choice of protection types to make it affordable for you.

We can provide everyone with a quote, but to take the quote to policy, you must be a member of People’s Choice Credit Union. Get more information or apply to become a member.

Get a quote today by calling 13 11 82 or visiting your nearest branch - it’s quick and easy.

What are my cover options?

  • 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
  • Cash Assist (in the event of 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 to make a claim

To make a claim, click here or contact the dedicated 24-hour claims hotline on 13 24 80.
To enquire about an existing claim, call us on 13 11 82.

Please refer to the relevant Product Disclosure Statement (PDS) for full details of cover limits and terms and conditions.


Most popular questions...


Thank you for your enquiry. Unfortunately we don’t have a branch in this area, so please call us on 13 11 82 to see how we can still help you.

Subject to the product issuer’s underwriting rules and acceptance guidelines.
Terms, conditions and exclusions apply and are available upon application. Excess periods may apply. Refer to the Product Disclosure Statement (PDS) for more details.
The information above is general advice only and does not take into consideration your personal objectives, financial situation or needs (“your personal circumstances”). Please consider the relevant Product Disclosure Statement (PDS), other Disclosure Documents and your personal circumstances before making any decision to purchase the products. Contact us on 13 11 82 with any questions, or visit your nearest branch to talk to a consultant.
General insurance (including Travel Insurance) is issued by Insurance Australia Limited ABN 11 000 016 722 AFSL 227681 trading as CGU Insurance. The insurer of the Life and Trauma cover is AMP Life Limited ABN 84 079 300 379 AFSL No. 233671 (AMP). CGU administers the Life and Trauma cover on behalf of AMP and CGU’s liability under that policy is limited to the administration of that cover including the management of claims. 
All our insurance issuers pay commission at rates which range from 0% - 40% of the base premium. The commission rate varies depending on the type of insurance.
People’s Choice Credit Union, a trading name of Australian Central Credit Union Ltd. ABN 11 087 651 125 Australian Financial Services Licence 244310, acts under its own Australian Financial Service Licence and under an agreement with the insurer Insurance Australia Limited ABN 11 000 016 722 AFSL 227681 trading as CGU Insurance.

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