Credit Card Repayment Protection
Essentials
Please note Credit Card Repayment Protection is no longer sold. The information on this product is for existing Credit Card Repayment Protection policy holders.
Having Credit Card Repayment Protection helps cover your repayments, so you’ll have one less thing to worry about.
- Get up to 20% of your balance owing paid each month if you unexpectedly lose your job, for up to 180 days or until you return to work, which ever happens first
- Get up to 20% of your balance owing paid each month while you’re sick or injured and can’t work
- Have the balance owing paid off up to $50,000 if you pass away.
Of course, like all insurance, some exclusions, limits and conditions apply.
Costs
The lower your balance, the less it costs
Credit Card Repayment Protection costs 52 cents for every $100 owing on your monthly balance, and is:
- Calculated on the balance owing at the end of each statement cycle when your monthly statement is produced
- Automatically added to your credit card balance each month.
| Premium examples | |
|---|---|
| If the balance owing at the end of your credit card statement cycle is | The monthly premium is |
| Nil | Nil |
| $1,000 | $5.20 |
| $3,000 | $15.60 |
| $5,000 | $26.00 |
How to claim
Lodging a claim
If you have any questions, or would like to make a claim, call Allianz on 1300 369 989
Things you should know
Credit Card Repayment Protection, Flexi Loan Repayment Protection and Personal Loan Protection are issued by Allianz Australia General Insurance Limited ABN 99 003 719 319 (AAGIL) (issuer of the unfit for work and job loss covers) and Westpac Life Insurance Services Limited ABN 31 003 149 157 (issuer of the death cover). AAGIL is a corporate authorised representative of Allianz Australia Insurance Limited ABN 15 000 122 850 AFSL 234708. This information does not take into account your personal circumstances, so please consider the Product Disclosure Statement or policy wording. To obtain a copy please call 1300 369 989.