Consumer Credit Insurance
Consumer Credit Insurance is designed as a simple and affordable
way to cover you for your obligations under a loan agreement.
A loan agreement commits you to specific repayment obligations,
and if for some reason you were unable to meet those obligations,
you or your family would be still be liable.
Consumer Credit Insurance helps protect you from the
unexpected by offering a range of options that can include Life
Cover, Accident and Sickness, and Involuntary Unemployment.
Cover options
There are 3 levels of cover available with Consumer Credit
Insurance:
- CCI Gold: provides cover for Life, Accident and Sickness and
Involuntary Unemployment, and offers the maximum loan cover for
borrowers who are not self-employed or work less than 20 hours per
week.
- CCI Silver: option provides cover for Life and Accident and
Sickness, and offers maximum cover for borrowers who are self
employed.
- CCI Bronze: option provides cover for Life only.
Benefits of Consumer Credit Insurance
With Life cover, Consumer Credit Insurance can pay out the
outstanding balance of your loan up to a maximum of
$250,000*.
If you are unable to work for a period of more than 30 days due
to accident or sickness, Consumer Credit Insurance can pay your
minimum monthly loan repayments after the first 30 days for a
maximum of 36 months*.
If you are involuntarily unemployed for more than 30 days,
Consumer Credit Insurance can pay your minimum monthly loan
repayments after the first 30 days for up to 6 months for any claim
within a 12 month period*.
Want to know more?
To find out more about Consumer Credit Insurance or get a
quote, please complete an online
enquiry or call us on 1300 STRATTON
(1300 787 288).
* Benefit Limits and Exclusions Apply.