MemberCare Consumer Credit Insurance (CCI) products are optional forms of loan and credit card protection. These policies could help to protect your loan or card repayment obligations should the unexpected happen.

MEMBERCARE MORTGAGE INSURE PLUS

What is covered?

Mortgage Insure Plus offers higher levels of financial protection with the following benefits:

• Death Cover
  The outstanding balance of your loan will be paid to a maximum of $500,000.
   
• Disability Cover
  IIf you are unable to work due to injury or illness your loan will be covered for up to 36 monthly repayments.

You also have the option to add one of the following covers in conjunction with disability Cover:

• Involuntary Unemployment Cover
  Receive up to a total of $10,000 or up to $3,000 per month loan repayments for up to 3 months as a direct result of involuntary dismissal or retrenchment.
   
• Trauma Cover
  Receive payment of up to $50,000 or your outstanding loan balance whichever is the lesser when diagnosed with disease or disability including heart attack, stroke, cancer, and more.

Full descriptions, exclusions and Policy Wording are available here to download in the MemberCare Mortgage Insure Plus Product Disclosure Statement.
To receive a copy in the mail, call us on 1800 636 430.

You may also talk to your local financial institution to see if this cover is right for you.
 

MEMBERCARE MORTGAGE INSURE - LIFE PROTECTION

What is covered?

Mortgage Insure Life Protection also offers financial protection with:

• Death Cover
  The outstanding balance of your loan will be paid to a maximum of $500,000.
  
  Between the date your loan is approved and when the funds are advanced, we will `pay the death cover provided your application has been accepted and death occurs `within 120 days of your loan being approved.
  
  We will pay to your financial institution the current insured loan contract amount stated in the schedule (to a maximum of $500,000). Death Cover is in effect 24 hours a day, 7 days per week.
  

Full descriptions, exclusions and Policy Wording are available here to download in the MemberCare Mortgage Insure Life Protection Product Disclosure Statement.
To receive a copy in the mail, call us on 1800 636 430.

You may also talk to your local financial institution to see if this cover is right for you.

 

MEMBERCARE MORTGAGE INSURE - LIVING BENEFITS

What is covered?

MemberCare Mortgage Insure Living Benefits offers protection for up to two insured persons and could help should you lose your job through no fault of your own or suffer trauma or disability from illness or injury.:

• Disability Cover
  If you are unable to work due to injury or illness, your loan will be covered for up to 36 monthly repayments.

You also have the option to add one of the following covers in conjunction with disability Cover:

• Involuntary Unemployment Cover
  Receive up to a total of $10,000 or up to $3,000 per month loan repayments for up to 3 months as a direct result of involuntary dismissal or retrenchment.
   
• Trauma Cover
  Receive payment of up to $50,000 or your outstanding loan balance whichever is the lesser when diagnosed with disease or disability including heart attack, stroke, cancer, and more.

Full descriptions, exclusions and Policy Wording are available here to download in the MemberCare Mortgage Insure – Living Benefits Product Disclosure Statement.
To receive a copy in the mail, call us on 1800 636 430.

You may also talk to your local financial institution to see if this cover is right for you.
 

MEMBERCARE LOAN INSURE

What is covered by MemberCare Loan Insure?

MemberCare Loan Insure is complete personal loan protection. It is designed to protect a borrower’s loan repayment obligations in the event of their death, disability, involuntary unemployment or trauma.

What is covered?

Four main covers are in effect 24 hours a day, 7 days a week including:

• Death cover
• Disability cover
• Involuntary Unemployment cover
• Trauma Cover

Death Cover

In the event of your death, we will pay to your financial institution the outstanding balance of your loan to a maximum of $250,000.

Disability Cover

If you are unable to work because you have suffered an injury or illness, we will pay the repayment shown on your policy schedule for this cover to your financial institution for each fortnight/month you are disabled.

Involuntary Unemployment Cover

If you are unable to continue your permanent employment as a direct result of involuntary dismissal or retrenchment by an employer, we will pay the amount shown on your policy schedule to a maximum of $1,500 per month for a 3 month period up to a total of $5,000.

Trauma Cover

Receive payment of up to $50,000 or the balance of your outstanding loan whichever is the lesser when diagnosed with disease or disability including heart attack, stroke, cancer, and more.

Policy limits, exclusions and Policy Wording are available here to download in the MemberCare Loan Insure Product Disclosure Statement.
To receive a copy in the mail, call us on 1800 636 430.

You may also talk to your local financial institution to see if this cover is right for you.

MEMBERCARE CONTINUING CREDIT INSURE

MemberCare Continuing Credit Insure offers credit card and overdraft protection. It is designed to protect a borrower’s credit card or overdraft repayment obligations in the event of their death, disability or involuntary unemployment.

What is covered?

Three main covers are in effect 24 hours a day, 7 days a week including:

• Death cover
• Disability cover
• Involuntary Unemployment cover

Death Cover

The outstanding balance of your loan will be paid to a maximum of $100,000.

Disability Cover

Involuntary Unemployment Cover

The outstanding balance of your loan will be paid if you are unable to work due to involuntary dismissal or retrenchment by an employer. A benefit up to a total of $5,000 or up to a 3 monthly benefit during any consecutive 12 months.

Full descriptions, exclusions and Policy Wording are available here to download in the MemberCare Continuing Credit Insure Product Disclosure Statement.

To receive a copy in the mail, call us on 1800 636 430.

You may also talk to your local financial institution to see if this cover is right for you.