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My Protection Plan

An optional life insurance policy - which provides you with a payment in the event of serious illness, specified injury, or death.

A lot can happen over your lifetime

It’s safe to assume that our standard of living, health and family are important to us. However, there are certain events, such as serious illness or injury, which can put your home, lifestyle and future plans at risk.

What’s your back up plan? If you haven't got a clear plan, you're not alone. 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 paid to you or your estate.  

Watch the explainer video Claim stories

One policy, three types of benefits

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

Financial support during time of medical crisis. Pays a benefit on diagnoses of a listed medical condition below:

    Neurological Conditions

  • Alzheimer's disease - dementia (diagnosis)
  • Stroke (of specified severity)*
  • Multiple Sclerosis (with impairment level)
  • Cancers and Tumours Conditions

  • Benign tumour in the brain or spinal cord (with neurological deficit)*
  • Cancer (excluding early stage cancers)*
  • Carcinoma in situ of the breast (of specified severity)*
  • Chronic lymphocytic leukemia (of specified severity)*
  • Melanoma (of specified severity)*
  • Prostate cancer (of specified severity)*
  • Heart Conditions

  • Cardiac arrest (out of hospital)*
  • Cardiomyopathy (with significant permanent impairment)*
  • Coronary artery bypass surgery*
  • Heart attack (of specified severity)*
  • Aortic surgery*
  • Other Serious Conditions

  • Chronic kidney failure (end stage)
  • Severe burns (of specified extent)
  • Loss of independent existence

Trauma Benefits will not be payable where the condition does not meet the policy definition. *If the condition has an asterisk, (*) a 90-day qualifying period applies. This means that if the condition first occurs, becomes reasonably apparent or is first diagnosed in the 90 days after:

• the policy start date, the benefit will not be payable.

• a benefit increase, the increase in benefits will not be payable.


Click here to read more on the Trauma Benefit


2 Death and Terminal Illness Benefit

Spare your family financial hardship. Pays a benefit if you die or are diagnosed with a terminal illness (min. $100,000 and max. $1,000,000).

Benefit payments can be used for any purpose - paid to joint owner, estate or nominated beneficiaries.

This benefit provides a Funeral Advancement payment - a $10,000 advancement of the Death Benefit. These funds can be used to help with urgent expenses while a claim is being assessed. (payment of the Funeral Advancement does not mean that the claim will be accepted).


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

Specified Injury Benefit

Financial assistance while you’re on the mend. Pays a benefit (maximum $7,500) if you suffer a fracture of your:

  • Skull (excluding bones of the face or nose)
  • Jaw
  • Collar bone
  • Shoulder blade
  • Upper arm (between the elbow and shoulder)
  • Forearm (including wrist but excluding elbow or hand)
  • Pelvis
  • Thigh
  • Kneecap
  • Leg (between the knee and foot)


Click here to read more on the Specified Injury Benefit

The benefits are all yours


We pay you (or your estate or beneficiary)

My Protection Plan pays you (or your estate or beneficiary). What this means is that you (or your estate or beneficiary) can choose how to use your payout.


You’ll be well-looked after

When it is time to claim, we will be here for you to make lodging your claim as easy as possible. The claims team at Zurich will keep you up to date with the progress of your claim.


You get the best of both worlds

While we may offer a 'boutique' service, we're backed by Zurich Australia – a global and local insurer.


You’re always protected

My Protection Plan policy is not linked to your loan. So, if you change lenders, you're still protected (subject to the terms and conditions of this 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

To be eligible for this policy, each life insured must:

  • have or be seeking to take out an eligible loan, or be the partner of someone who has applied for My Protection Plan
  • be an Australian or New Zealand citizen, or hold an Australian Permanent Residency Visa
  • be 18 to 59 years old
  • have more than $100,000 but no more than $1,000,000 in total Death and Terminal Illness Benefit across all My Protection Plan policies issued by Zurich at the time of the new application (including this policy)
  • have lived in Australia on a permanent basis for at least 6 months continuously during the past 12 months. Being away from Australia for work purposes or holidays does not count for determining if they have lived in Australia continuously.

The policy owner must receive a copy of the PDS in Australia.

Product Flexibility
  • Adjust your cover levels to suit your budget
  • Align your premium payments with your pay cycle
  • Death and Terminal Illness Benefit: Pays a benefit to you, your estate, or nominated beneficiary (minimum of $100,000 and maximum, $1,000,000).
  • Trauma Benefit: Covers 17 serious medical conditions.
  • Specified Injury Benefit: Equal to 3% of the Death and Terminal Illness Benefit (maximum $7,500).
Terms and Conditions apply

Terms and conditions apply, including qualifying periods for some conditions, and exclusions for pre-existing medical conditions. Please read the Product Disclosure Statement and Policy Document for full details.

One More Thing

To give you time to check your details and make sure My Protection Plan meets your needs, your first 30 days are complimentary. That means in the first year of your policy you will only pay 11 months premium.

Claim stories

Carmel was diagnosed with bowel cancer in 2014. Running a busy family daycare business at the time, she quickly became stressed about financ ...
See Story See all stories

Joel's Story Cancer | Trauma Benefit

Joel and Anna’s story is one which reminds you how life can take an unexpected turn, completely out of our control.
See Story

My Protection Plan is issued by Zurich Australia Limited ABN 92 000 010 195 AFSL 232510. It is distributed by Australian Life Insurance Distribution Pty Ltd ABN 31 103 157 811 AFSL 226403 (ALI). ALI’s AFS licence authorises the provision of general financial product advice only. This means that any advice provided to you by ALI and its representatives (including mortgage brokers appointed as its authorised representatives) in relation to My Protection Plan does not take into consideration your personal objectives, financial situation and needs, or any information held as a result of the provision of credit assistance by your mortgage broker relating to your home loan or other loans. Whilst the initial My Protection Plan quote you received was based on your loan amount, we are not recommending that this product nor any specific cover amount is personally suited to you and your circumstances. You should consider the combined Product Disclosure Statement and Policy Document (PDS) when deciding if this product is appropriate for you. You may also wish to review the Target Market Determination (TMD) which describes the objectives, financial situation and needs we have designed the product to meet. The PDS and TMD are available at If you require advice specific to your circumstances, you should speak to a financial adviser. © ALI Group 2021


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