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Loan Repayment Insurance

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Mortgages and Personal Loans are often long term commitments, so Loan Repayment Insurance is your safety net and helps you cover your repayments should misfortune strike.

Loan Repayment Insurance covers you for disability, involuntary unemployment or death, relieving the financial burden for you and your family when you need it most.

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Loan protection insurance is one of a comprehensive range of insurance solutions Orange Credit Union offer through our association with QBE insurance. 

There are two types of loan insurance depending upon your situation:


MemberCare Loan Insure

Features Personal and Car Loan
Cover in the event of death Up to $250,000
Cover in the event of defined trauma Up to $50,000
Cover in the event of disability  Up to $1,500 per month
Cover for involuntary unemployment Up to $1,500 per month
Premiums financed with loan Yes

MemberCare Mortgage Insure

Features Mortgage Protection 
Cover in the event of death Up to $350,000
Cover in the event of defined trauma Up to $50,000
Cover in the event of disability  Up to $3,000 per month
Cover for involuntary unemployment Up to $3,000 per month
Premiums financed with loan Yes

 

At Claims Time

We know how difficult it is when the time comes to make a claim, so QBE have made the claims process as easy and stress-free as possible. The Claims Service Centre is accessible Monday to Friday, 8.30am to 5.00pm EST and the claims team will be there to support you throughout the claims process.

  Additional Product Information:


Terms and Conditions apply. Before making a decision about you insurance needs, please refer to the Product Disclosure Statement available by calling Orange Credit Union AFSL 240768 issued by QBE Insurance (Australia) Limited ABN 78 003 191 035 AFS Licence 239545 and QBE Life (Austalia) Limited ABN 83 089 981 073 AFSL 245492. As any advice on this website is prepared without consideration of your personal objectives, financial situation or needs, before acting on this advice and acquring this product, you should consider if it is appropriate to your circumstances. Fees, charges, terms, conditions and lending criteria apply. We will receive commissions of 20% of premiums for new insurance.

 

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