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Suncorp Personal Loan Protect Insurance

Protect your personal loan repayments

From as little as 93c per week, you can protect your Suncorp Bank Personal Loan repayments, should you be unable to meet them due to disability, involuntary unemployment, or death.

  • No Medical Checks
  • No Hidden Expenses

Features of Suncorp Personal Loan Protect Insurance

Cover for two borrowers

You can choose a policy for just yourself, or, if applicable, a joint policy to cover the other borrower on your Personal Loan.

The choice of two covers

We offer cover for disablement and redundancy or disablement, redundancy, and death.

Payments straight to your personal loan

In the event of your death you will be paid the outstanding balance of your personal loan (up to a maximum of $100,000). In the event of your disablement or involuntary unemployment, the minimum monthly repayment amount will be paid for each full month, or 1/30.

1. Based on Disability and Redundancy cover on a minimum loan amount of $5,000 over a 6 year term.

Disclaimer

Suncorp Personal Loan Protect insurance is issued by Suncorp Life & Superannuation Limited ABN 870 73 979 530 AFSL 229880 (SLSL). AAI Limited ABN 48 005 297 807 AFSL 230859 (AAI) is the insurer of, and incurs solely the obligations relating to, the Redundancy Benefit.

Any information contained here has been prepared without taking into account your objectives, financial situation, or needs. For that reason, before acting on this information, you should consider its appropriateness having regard to your own objectives, financial situation and needs. You should read and consider the {Suncorp Personal Loan Protection Product Disclosure Statement} before making any decisions about whether to acquire the product. You may wish to also consider obtaining independent advice before making any decisions about the product. Both SLSL and AAI are subsidiaries of Suncrop-Metway Limited ABN 66 010 831 722 (Suncorp). The obligations of SLSL and AAI are not guaranteed by another company in the Suncorp Group. Suncorp Personal Loan Protect is not a bank deposit or other bank liability of Suncorp.

Your Duty of Disclosure

This information is a summary only. For more details, please refer to the Suncorp Personal Loan Protect Product Disclosure Statement (PDS). The payment of any benefit under a Suncorp Personal Loan Protect will be subject to exclusions outlined in the Suncorp Personal Loan Protect Disclosure Statement. Provision of cover is subject to our confirmation of acceptance of your application and other terms that may apply to the product.

When you apply for Suncorp Personal Loan Protect you have a duty under the Insurance Contracts Act 1984 to tell us the truth. If you do not do this, we may be able to cancel your policy or reduce your level of cover.