Between 6 and 36 monthly benefits will be paid if the insured person suffers from one of the 52 crisis events covered. The table below shows some of the types of crisis events covered and the amount of benefits you'll receive if you make a valid claim. Cover will continue until the 36 monthly benefits provided by the policy are fully paid.
The monthly benefit is the amount of your monthly loan repayment rounded up to the next $100, subject to a minimum of $1,000 and a maximum of $10,000.
The benefit can be used for any purpose including loan repayments.
Cover is flexible and you can tailor the cover by varying the benefit levels. Cover is provided up to the age of 65.
Details are contained in the Product Disclosure Statement. You can obtain a copy of the Product Disclosure Statement from your mortgage broker or you can download a copy by clicking this link. MRP Short Form Product Disclosure Statement. This should be considered when deciding whether to acquire the product.
Use this calculator to see how much cover will cost you and to see how altering the benefit amount will alter your premiums. Click Here
Three months free cover So that you don’t feel pressured and have time to consider your options whilst covered, your will receive a three months free cover period before premiums commence. There’s no downside; if you choose not to continue the cover within the first three months, you will not have to pay anything.
Click here to view Important Information