Important notice
ANZ Mortgage Protection insurance is currently not available to new customers. Existing customers can contact 13 16 14 (Mon-Fri 8.00am to 8.00pm) for information about their policy or to make a claim.
Safeguard your home and family with cover that suits your needs
If you were unable to work due to illness or injury - or if you were to pass away - how would your family cope with your home loan repayments?
ANZ Mortgage Protection is an optional insurance to provide cover for your ANZ Home Loan repayments in the case of involuntary unemployment, disability or death. Choose your level of protection with our flexible cover options.disclaimer
What's covered
ANZ Mortgage Protection
|
Life |
Disability and Involuntary Unemployment |
Life, Disability and Involuntary Unemployment |
|---|---|---|---|
Up to $1,000,000 towards your mortgage if you pass awaydisclaimer |
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Cover for your monthly mortgage repayments, up to $7,500 a monthdisclaimer disclaimer |
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Disability cover – up to 30 months' repayments if you're unable to work due to sickness or an accidentdisclaimer |
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Involuntary Unemployment cover – up to 90 days' repayments if you are made redundant from your job through no choice or fault of your owndisclaimer |
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Up to 60 days' free Accidental Death cover while we’re approving and setting up your home loan |
The information on this page is only a summary of some of our cover and exclusions. See the ANZ Mortgage Protection Product Disclosure Statement and Policy Document (PDF 227kB) for full details about this insurance product, including information about the benefits, premiums, exclusions and when we’ll pay under these policies.
More benefits with ANZ
- No medical or blood testsdisclaimer
- Discounts for ANZ Breakfree customersdisclaimer
- Discount on your premiums if you have a joint home loan and take up a joint insurance policydisclaimer
What's not covered?
Life or Disability claims - We won't pay a claim which arises from any sickness, accident or condition that:
- is the subject of a medical consultation during the twelve months before the policy started, and
- leads directly or indirectly to death or disablement after the policy started.
Disability or Involuntary Unemployment claims - We won't pay a claim:
- if you work less than 20 hours a week in paid employment, or if your employment is terminated due to resignation, voluntary redundancy, expiry of a contract, misconduct or retirement. If you were self-employed we won’t pay a benefit if you ceased trading due to cash flow problems, shortage of work or the sale of your business.
- Resulting from any condition that results from using alcohol or drugs (except where the drugs are taken as prescribed by a medical practitioner). This includes conditions related to alcoholism and drug addiction.
When your policy ends
The policy period is 60 months (5 years) from the policy start date. The policy will end, and you will no longer be covered as soon as a certain event occurs. This includes the policy period ending, or if your ANZ mortgage is discharged, closed or cancelled, varied, restructured or refinanced.disclaimer
How much will you pay?
Your individual circumstances including your age, the size of your loan, the repayment amount, the type of cover you choose, and whether it’s a single or joint policy will all affect your monthly premium amounts.
Here are some examples of what other clients have paid.
Jane
Age |
26 |
Loan amount |
$200,000 |
Repayments |
$1,300/month |
Policy type |
Single policy |
State |
NSW |
Cover |
Disability and Involuntary Unemployment only |
Monthly premium |
$37.31/month |
Max
Age |
35 |
Loan amount |
$250,000 |
Repayments |
$1,630/month |
Policy type |
Single policy |
State |
QLD |
Cover |
Life, Disability and Involuntary Unemployment only |
Monthly premium |
$79.28/month |
Sara
Age |
50 |
Loan amount |
$300,000 |
Repayments |
$2,000/month |
Policy type |
Single policy |
State |
VIC |
Cover |
Life only |
Monthly premium |
$99.00/month |
The examples are illustrative only. Your premium will depend on your individual circumstances including the level of cover you choose and the other factors listed above.
Contact us
Talk to us
If you have any questions about your current ANZ Mortgage Protection policy, we’re happy to help.
Mon-Fri 8.00am to 8.00pm (AEST)
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This information was published on 1 June 2019 and is subject to change.
ANZ Mortgage Protection is issued by OnePath Life Limited (OnePath Life) (ABN 33 009 657 176, AFSL 238 341) for the Life Benefit, and QBE Insurance (Australia) Ltd (QBE) (ABN 78 003 191 035, AFSL 239 545) for the Disability Benefit and the Involuntary Unemployment Benefit. We recommend that you read the ANZ Financial Services Guide (PDF 479kB) and the ANZ Mortgage Protection Product Disclosure Statement and Policy Document (PDF 222kB) (available online or by calling 13 16 14) before deciding whether to continue to hold this product.
ANZ Home Insurance is issued by QBE Insurance (Australia) Limited (ABN 78 003 191 035, AFSL 239 545) (QBE). ANZ recommends that you read the ANZ Financial Services Guide (PDF 479kB), ANZ Home Building Key Facts Sheet (PDF 133kB), ANZ Home Contents Key Facts Sheet (PDF 134kB) and the ANZ Home Insurance Product Disclosure Statement (PDF 1.3MB) (available by calling 13 16 14), before deciding whether to acquire, or to continue to hold, these products.
ANZ Income Protection covers two separate financial products – Income Cover is issued by OnePath Life Limited (OnePath Life) (ABN 33 009 657 176, AFSL 238 341) and Involuntary Unemployment and Family Care Cover are issued by OnePath General Insurance Pty Limited (ABN 56 072 892 365, AFSL 288 160) (OnePath General). We recommend that you read the ANZ Financial Services Guide (PDF 479kB) and ANZ Income Protection Product Disclosure Statement and Policy Document (PDF 272kB) (available online or by calling 13 16 14) before deciding whether to continue to hold this product. This PDS relates to policies issued from 1 June 2019. Previous products (with the same name) may have different features and benefits. If you hold insurance based on an earlier PDS, please contact us if you have any questions or to have a PDS sent to you.
ANZ Life Insurance is issued by OnePath Life Limited (OnePath Life) (ABN 33 009 657 176, AFSL 238 341). We recommend that you read the ANZ Financial Services Guide (PDF 479kB), ANZ Life Insurance Product Disclosure Statement and Policy Document (PDF 145kB) (available online or by calling 13 16 14) before deciding whether to acquire, or to continue to hold, this product. This PDS relates to policies issued from 1 June 2019. Previous products (with the same name) may have different features and benefits. If you hold insurance based on an earlier PDS, please contact us if you have any questions or to have a PDS sent to you.
OnePath Life has adopted the Life Insurance Code of Practice (the Code), which contains minimum standards of service that customers can expect from insurers. The Code can be found at www.fsc.org.au.
Australia and New Zealand Banking Group Limited (ANZ) (ABN 11 005 357 522, AFSL 234 527 is an authorised deposit taking institution (Bank) under the Banking Act 1959 (Cth). The issuers of these products are not Banks. Although ANZ distributes these products and except as described in the relevant PDS, ANZ does not stand behind or guarantee the issuers or the products.
This information is of a general nature and has been prepared without taking account of your personal objectives, financial situation or needs. Before acting on the information, you should consider whether the information is appropriate for you having regard to your objectives, financial situation and needs..
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It is not a condition of your loan that you purchase this product.
Back to topIf you receive a medical consultation for any illness or injury in the twelve months before you purchase the policy, and that illness or injury leads to a claim after the policy commences, you will not be covered. Please see the ANZ Mortgage Protection Product Disclosure Statement and Policy Document (PDS) (PDF 222kB) for details.
Back to topThere is no cover available for the Disability Benefit or Involuntary Unemployment Benefit if you are employed in a permanent part time, casual contract or temporary capacity for less than 20 hours per week or you are self-employed for less than 20 hours per week.
Back to topOnly one discount is available for each policy.
Back to topOther things that may cause your policy to end include: you reach age 65; you cease to be an Australian or New Zealand citizen or holder of an Australian Permanent Residency Visa; your policy is cancelled; you die or the maximum amount of $750,000 is paid to the Disability Benefit and/or Involuntary Unemployment Benefit. Refer to the ANZ Mortgage Protection PDS (PDF 222kB) for further details.
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