Personal Loan Insurance
Protect your personal loan repayments against unexpected life events. Our comprehensive personal loan insurance covers you if you lose your job, become ill, or can no longer work.
Whether you've borrowed $5,000 for a holiday or $50,000 for home improvements, personal loan insurance ensures your family isn't burdened with debt if something happens to you. With coverage up to your outstanding loan balance and no broker fees, peace of mind has never been more affordable.
Why Choose Personal Loan Insurance?
- Monthly premium payments protect your entire loan balance - as low as $5 per week for peace of mind
- Coverage includes redundancy, accident, illness, and death - comprehensive protection for all scenarios
- No medical exam required for loans under $100,000 - quick, simple approval process
- NZ-based claims team available during business hours - real people helping real Kiwis
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What's Covered Under Personal Loan Insurance
Death Cover
Up to $500,000 protection. If you pass away, we'll pay out your outstanding loan balance in full, protecting your family from debt.
Illness & Injury
If you're unable to work due to accident or illness, we cover your loan repayments until you return to work or claim settles.
Redundancy Cover
Job loss protection. If you're made redundant from employment, we'll cover your monthly loan payments for up to 12 months.
Terminal Illness
If you're diagnosed with a terminal illness with less than 12 months to live, your loan is paid in full immediately.
Key Benefits of Personal Loan Insurance
Affordable Monthly Payments
Cover your loan with premiums starting from just $5 per week. Payment scales with your loan balance, ensuring you pay for what you need.
Quick & Easy Application
No medical exam for loans under $100,000. Get a quote in 2 minutes and approval within 24 hours. Complete application online.
Flexible Coverage Options
Choose the covers you need. Stack death, illness, redundancy, and terminal illness protection in any combination that suits your situation.
Dedicated NZ Claims Team
Our New Zealand-based team handles claims Monday-Friday, 9am-5pm. Get personal support and claims processed within 5-10 business days.
Covers Up to $500,000
Protection scales with your loan. Whether you've borrowed $5,000 or $500,000, we can provide comprehensive insurance coverage for the full amount.
Cancel Anytime, No Penalties
Your coverage is month-to-month. Cancel whenever you want with no hidden fees, penalties, or long-term contracts to lock you in.
What's Not Covered
Personal loan insurance has specific exclusions. Understanding these limitations helps you make an informed decision:
- •Pre-existing medical conditions (with some waiting periods)
- •Claims arising from alcohol or drug use
- •Voluntary job resignation (redundancy cover only)
- •Loans taken out in another person's name
- •Claims within 30 days of policy start (waiting period)
- •Self-employed individuals (redundancy cover) unless specifically underwritten
Full policy terms and conditions are available upon request. We recommend reading these carefully before purchase to understand all coverage details and exclusions.
Who Should Get Personal Loan Insurance?
Sole Income Earners
If you're the primary income earner and your family depends on your salary, personal loan insurance protects them if you can't work.
Homeowners
Already stretched financially with a mortgage? Loan insurance gives you breathing room if redundancy or illness strikes.
Contract Workers
Without permanent employment, contract workers face higher redundancy risk. Insurance provides essential financial security during between-job periods.
Multiple Loan Holders
Managing several loans? Insurance on each covers all your major debts if something happens, preventing financial crisis from compounding.
Explore Other Insurance Types
Car Finance Insurance
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Home Loan Insurance
Mortgage protection for homeowners up to $500,000 coverage.
GAP Insurance
Vehicle shortfall cover if your car is written off.
Redundancy Cover
Job loss protection for loan and bill payments.
Ready to Protect Your Personal Loan?
Get a free quote in just 2 minutes. No broker fees, no medical exam for loans under $100,000, and coverage starts immediately.
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