ANZ Credit Card Insurance - Insurance

ANZ Credit Card Insurance

ANZ CreditCover Plus

ANZ CreditCover Plus gives you affordable peace of mind knowing that your minimum monthly repayments will be met if you are unable to work due to illness or injury, or if you become involuntary unemployed. In the event of your suffering a critical illness, your total and permanent disablement or death, your outstanding credit card balance will be paid in full (up to $50,000). ANZ CreditCover Plus is not available for Visa Debit cardholders.

What events am I covered for?

Involuntary unemployment
Disability
Critical illness
Total and permanent disablement
Death
Accidental death
Family trauma
Stolen card.

All benefits are subject to conditions. Please refer to the Product Disclosure Statement for ANZ CreditCover Plus (PDF 380kB).

What are the benefits?
Type of event	Nature of benefit
Involuntary unemployment	Triple your minimum monthly repayment (6%) of the outstanding balance is paid, up to $50,000, if you are involuntarily unemployed.
Disability (through injury or illness)	Triple your minimum monthly repayment (6%) of the outstanding balance is paid, up to $50,000, in the event of your disability through illness or injury.
Total and permanent disability	The outstanding balance up to $50,000 is paid, in the event of your total and permanent disability.
Critical illness	The outstanding balance up to $50,000 is paid, in the event of your diagnosis of a defined critical illness.
Death	The outstanding balance up to $50,000 is paid, in the event of your death.
Accidental death	The outstanding balance up to $50,000 is paid, plus an additional and equal amount to your estate, in the event of your accidental death (maximum benefit of $100,000).
Family trauma	A lump sum benefit of $500 is paid if you are required to take leave from paid employment as a result of your spouse or dependent child being diagnosed with a critical illness.
Stolen card	A lump sum cash benefit of $200 is paid if your card is reported as stolen and you report the incident to the police.

Please note, conditions apply. For full details on benefits and exclusions, please read the Product Disclosure Statement for ANZ CreditCover Plus (PDF 380kB).

How much does it cost?

The monthly premium is just 79c per $100 of the closing balance on your credit card statement each month (up to a maximum of $50,000).
Your premium will be automatically charged to your nominated ANZ credit card account and will appear on your monthly statement. The premium will still be payable if you pay your credit card account in full at each statement due date, unless the Closing Balance on your credit card statement is less than $10 or in credit.

How do I apply for ANZ CreditCover Plus?

I don't have an ANZ credit card:

Apply for a credit card online and receive a response in 60 seconds. Select 'Yes' when asked if you wish to apply for ANZ CreditCover Plus.

Alternatively, phone 13 33 33 and select 'credit cards' option.

I already have an ANZ credit card:

Read the ANZ Financial Services Guide (PDF 120kB) then download the Product Disclosure Statement for ANZ CreditCover Plus (PDF 380kB).
Call 1800 304 605 to apply for ANZ CreditCover Plus.

Existing customers with an ANZ CreditCover policy, please read the Product Disclosure Statement for ANZ CreditCover - no longer for sale (PDF 796kB).

Important information

ANZ CreditCover Plus is underwritten by ING Life Limited (ING Life) and ING General Insurance Pty Limited (ING General). ANZ recommends you read the Product Disclosure Statement for ANZ CreditCover Plus (PDF 380kB) before deciding whether to acquire or hold this product.
If you have further questions about ANZ CreditCover Plus, please call us on 13 33 33.

This insurance is issued by ING Life Limited ABN 33 009 657 176, AFSL 238341 (ING Life) or by ING General Insurance Pty Limited ABN 56 072 892 365 AFSL 288160 (ING GI). ING Life and ING GI are subsidiaries of Australia and New Zealand Banking Group Limited (ANZ). ANZ, an authorised deposit taking institution (ADI) under the Banking Act 1959, does not stand behind the issuer. The issuers are not an ADI and this insurance is neither a deposit nor liability of ANZ or any member of the ANZ Group, other than the relevant issuer. ANZ recommends that you read the ANZ Financial Services Guide and the relevant Product Disclosure Statement for further information about its association with the issuer and any benefits that it may receive and other important information before deciding whether to acquire or hold this product.

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