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My Protection Plan

Whether you’re buying or re-financing, covering yourself is easy with My Protection Plan.

How to keep your home(even if you lose your health)

Your home or property may be your biggest financial asset. So do you know how you (or your family) would meet the mortgage repayments if you suffered a serious illness, injury or even died?

If you haven't got a clear plan to protect your mortgage, you're not alone. Most people don't even like to think about it – even though they need to.

The good news is that covering yourself is easy with My Protection Plan.

Best thing is – the benefits are all yours.

Watch the videoFind a broker

One policy, three types of benefits

The My Protection Plan gives you protection for a wide range of critical life events across three areas:

Need help with your policy?

Give us a call
Call 1800 006 776
1 Trauma Benefit

Get financial support during time of a crisis for thirteen serious medical conditions:

  • Cancer*
  • Heart attack*
  • Cardiomyopathy*
  • Surgery to the aorta*
  • Stroke*
  • Coronary artery bypass*
  • Alzheimer's and Dementia
  • Kidney failure
  • Paralysis
  • Severe burns
  • Loss of independent existence
  • Total loss of hearing
  • Total loss of sight

Click here to read more on the Trauma Benefit

Pre-existing condition exclusions apply, and a 3 month exclusion period applies to those conditions marked with *. Please read the full details in the PDS.


2 Death and Terminal Illness Benefit

A lump sum benefit to help keep the roof over your family’s head:

  • Payment of up to $750,000
  • Operates independently of loan
  • Benefit is paid to joint policy owner, not the lender


Click here to read more on the Death and Terminal Illness Benefit

Complimentary Accidental Injury Benefit

Financial assistance while you're on the mend. Three months' benefits when you can't work for 30 days or more due to accidental injury∆.

Click here to read more on the Accidental Injury Benefit

The benefits are all yours


We pay you, not your lender

ALI Group pays you (or your estate or beneficiary). What this means is that you can choose how you use your payout.


You’ll be well-looked after

Our claims team will maintain one-to-one contact to make things as easy as possible. There are no lengthy forms and we’ll keep you informed every step of the way.


You get the best of both worlds

While we may offer a 'boutique' service, we're backed by Hannover – one of the world’s largest insurers and reinsurers.


You’re always protected

A My Protection Plan policy is not linked to your loan. So if you change lenders, you're still protected (for the life of the policy).

Key policy features

Applying for cover is easy via a simple application process. Find out more about how you can access this cover.

Need help with your policy?

Give us a call
Call 1800 006 776
1 Eligibility

You’ll automatically be accepted for cover if you are:

  • Aged 18 to 59 years
  • An Australian or New Zealand citizen or permanent resident residing in Australia
  • An applicant or borrower on a loan (or loan increase) taken in the last 12 months
Product Flexibility
  • Adjust your cover to suit your budget
  • Align your premium payments with your pay cycle or loan repayments
  • Death and Terminal Illness Benefit: Pays a benefit to you or your estate, minimum of $100,000 and maximum, $750,000
  • Trauma Benefit: Covers 13 serious medical conditions. Equal to 30% of the Death and Terminal Illness Benefit.
  • Accidental Injury Benefit: Pays a maximum of three monthly benefits, each being 1% of the Death and Terminal Illness Benefit per month (maximum $2,500 per month).
  • Suicide/self-inflicted insured events within 13 months (Death and Terminal Illness)
  • Self-inflicted insured events (Trauma and Accidental Injury Benefits)
  • Any insured condition existing at commencement (or in first three months for six insured conditions marked*)
  • Insured events caused by certain prior conditions or adverse family medical history+
  • For full details refer to the PDS
One More Thing
  • 30 days complimentary cover to get you through the loan process

Claim stories


Tom's Story Living Benefit

Surfer Tom was 44 when he and daughter Molly's lives turned upside down.
See Story See all stories
When Paula, a mother of five and working full-time was diagnosed with breast cancer, she was thankful that just six months earlier, she had ...
See Story

My Protection Plan is issued by Hannover Life Re of Australasia Ltd ABN 37 062 395 484. It is distributed by Australian Life Insurance Distribution Pty Ltd ABN 31 103 157 811 AFSL 226403 (ALI). ALI receives commission for each policy sold. Any advice provided is of a general nature only and does not take into consideration your objectives, financial situation or needs. You should consider the Product Disclosure Statement when deciding if this product is appropriate for you.

If you have an existing policy with us your benefits may differ. Please contact us to discuss.

✝ A three month exclusion period applies to these conditions.
∆ 30-day waiting period applies.
◊ Optional health questionnaire available.