MemberCare Loan Insure

MemberCare Loan Insure, underwritten by CUNA Mutual Group*, covers your personal loan repayments or may even pay out your personal loan for you, with affordable premiums packaged into your loan.

Benefits at a glance

Death Cover
• The benefit payable is the outstanding balance of your loan contract up to a maximum of $250,000.
• For a policy in joint names, only one claim is payable.

Disability Cover
• The maximum monthly benefit is the lesser of the insured repayment amount selected by you as shown in your policy schedule and $1,500 per month, no matter how many claims are made by all covered persons.

Involuntary Unemployment Cover
• The maximum monthly benefit is the lesser of the insured repayment amount as shown in your policy schedule and $1,500 per month, no matter how many claims are made by all covered persons.
• The monthly benefit is paid for a maximum period of 3 months during any consecutive 12-month period.
• The maximum benefit payable for all claims during the period of insurance is $5,000.

Trauma Cover
• The benefit is the lesser of the outstanding balance and $50,000.
• Only one claim can be made during the period of insurance.

Best of all, you have the peace of mind of knowing that, should you suffer any of the above events, your loan repayments can be taken care of while you and your family can concentrate on getting on with life.

At Claims Time
We know how difficult it is when the time comes to make a claim, so CUNA Mutual Group have made the claims process as easy and stress-free as possible. The Claims Service Centre is accessible Monday to Friday, 8.30am to 5.00pm EST and the claims team will be there to support you throughout the claims process.

(Download the MemberCare Loan Insure PDS)

Taking up MemberCare Loan Insure is easy. To obtain a quote, simply ring our Member Contact Centre on 1300 365 7 24 between 8am and 6pm, Monday to Friday.

*Terms and Conditions apply. Before making a decision about your insurance needs, please refer to the Product Disclosure Statement available by calling Holiday Coast Credit Union AFSL 240782 issued by CUNA Mutual General Insurance AFSL 245491 and/or CUNA Mutual Life Australia Limited AFSL 245492.