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Consumer credit insurance is designed to help with your loan repayments if an unforeseen event occurs, such as your death, disability or involuntary unemployment.

There are two types of insurance to choose from (depending on your loan):

Loan Cover Insurance

Cover for your personal loan repayments up to the policy limits. Depending on the cover you apply for, key features include:

  • Cover for 24 hours a day, 7 days a week
  • A death benefit of up to $80,000
  • A monthly disability benefit
  • Involuntary unemployment benefit for up to 120 days per claim, or up to $10,000 for any one policy period, whichever occurs first.

Five Year Mortgage Repayment Insurance

Cover for your home loan repayments up to the policy limits. Depending on the cover you apply for, key features include:

  • Cover for 24 hours a day, 7 days a week
  • A death benefit of up to $750,000
  • A monthly disability benefit for up to 24 months
  • Involuntary unemployment benefit up to a maximum of $3,000 per month for up to 120 days per claim, or up to a maximum of $10,000 in any one policy period, whichever occurs first.

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  Important Information

We do not provide advice on this insurance based on any consideration of your objectives, financial position or need. Policy terms, conditions, limits, exclusion and underwriting criteria apply.

Qudos Bank arranges this insurance as agent for the insurer Allianz Australia Insurance Limited ABN 15 000 122 850, AFSL 234708. Allianz is the insurer of the Disability cover (Part 2) and Involuntary Unemployment cover (Part 3) and is only responsible for these covers. Allianz Australia Life Insurance Limited (“Allianz Life”) ABN 27 076 033 782 AFSL 296559 is the insurer of the Death cover (Part 1) and is only responsible for this cover. Allianz acts as Allianz Life’s agent in offering and administering the Death cover.

Read the Allianz Loan Cover Insurance Product Disclosure Statement, Five-Year Mortgage Repayment Insurance Product Disclosure Statement for more information, available by calling 1300 747 747. It is important that you understand that this insurance is optional and you can only purchase this insurance if you have a loan. Please note you are entitled to a 30 day cooling off period should you change your mind about this insurance once you have purchased. We receive commission on these insurance products of 20% of the premium paid for each policy. Ask us for more details.

Before deciding to acquire this product, please read the relevant Product Disclosure Statement (PDS), our Financial Services Guide and the Allianz Financial Services Guide.

Qudos Mutual Limited trading as Qudos Bank ABN 53 087 650 557 AFSL/Australian Credit Licence 238 305.