Life & Personal Risk Insurance

While you can’t predict the future, you can be prepared.

Let Auswide Bank help protect you and your loved ones from financial hardship.

We can refer you to qualified financial advisors who can provide a range of life and personal risk insurance options.

Alternatively, if you arrange a home or personal loan with us, we can also help you arrange Mortgage Repayment Insurance or Personal Loan Cover Insurance. These insurances cover against the financial effects of death, disability, trauma or unemployment to help ensure that your loan repayments will be made.

Mortgage Repayment Insurance

Take comfort that your monthly Auswide Bank Home Loan repayments will be made (up to the policy limits).

  • Disability cover - Helps you meet your Auswide Bank mortgage repayments if you are unable to work due to injury or illness - up to a maximum of 24 months (12 months for mental illness).
  • Unemployment cover - Helps you meet part of your Auswide Bank mortgage repayments (up to $3,000 per month) if you become involuntarily unemployed - up to a maximum of 120 days for each period of unemployment or a maximum of $10,000 for all unemployment claims during the term of the policy.
  • Death cover - Pays the outstanding balance of your Auswide Bank mortgage if you should die - up to a maximum of $750,000 in total.
  • Choice - You choose your own cover combination: Death, disability and unemployment; Disability and unemployment; Death and disability; Disability only, or; Death only.
  • Flexibility - Cover may be held by one or both borrowers.

Personal Loan Cover Insurance

Take comfort that your monthly Auswide Bank Personal Loan repayments will be made (up to the policy limits).

  • Disability cover - Helps you meet your Auswide Bank personal loan repayments if you are unable to work due to injury or illness - up to a maximum of 144 months (12 months for mental illness) and $80,000 in total.
  • Unemployment cover - Helps you meet your Auswide Bank personal loan repayments if you become involuntarily unemployed - up to a maximum of 120 days for each period of unemployment or a maximum of $10,000 for all unemployment claims during the term of the policy.
  • Death cover - Pays the outstanding balance of your Auswide Bank personal loan if you should die - up to a maximum of $80,000 in total.
  • Choice - You choose your own cover combination: Death, disability and unemployment; Disability and unemployment; Death and disability; Disability only, or; Death only.
  • Flexibility - Cover may be held by one or both borrowers.

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This information is a summary of features & benefits only - full details of the actual cover, limits, exclusions and excesses are available in the relevant Product Disclosure Statement. We do not provide advice about this product based on any consideration of your personal objectives, financial situation or needs. To decide if it is right for you please carefully read the relevant Product Disclosure Statement.

Insurance is issued by Allianz Australia Insurance Limited (Allianz) ABN 15 000 122 850 AFSL 234708. Allianz is the insurer of the "Disability" and "Unemployment" Covers available on this policy. Allianz Australia Life Insurance Limited ABN 27 076 033 782 (AFSL: 296559) ("Allianz Life") is the insurer of "Death" Cover available on this policy. Allianz acts as Allianz Life's agent in offering the Death Cover. In arranging this insurance Auswide Bank Ltd (Auswide Bank) ABN 40 087 652 060 AFSL 239686 acts as an agent for Allianz and not as your agent. If you buy Allianz products, Auswide Bank may be paid commission. To help you make an informed decision about whether to acquire an Allianz insurance product through Auswide Bank you should read our Auswide Bank Financial Services Guide.