Allianz Loan Protection Insurance is there to help you when life takes an unexpected turn and you can’t meet your loan repayments, it will protect your repayments in the event of terminal illness/death, disability or involuntary unemployment.
You can choose the cover to suit your needs from the following five combinations:
You must be:
If something unexpected happens to you, the last thing you or your family want to worry about is your loan.
Death / Terminal Illness cover, is designed to pay out your loan if you die or if you are diagnosed with a terminal illness.
You are covered if injury or illness means you’re unable to work for more than 7 days, letting you focus on getting yourself back to full health again.
Payments will be made on your behalf for as long as you are totally disabled or until the loan has been finalised, whichever happens first. You are covered up to $3,000 per month, to a maximum of $100,000 during the policy period.
In the event you lose your job through no fault of your own and remain involuntarily unemployed more than 7 days:
You can claim different amounts, depending on which cover options you choose.