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Loan Repayment Insurance helps members meet their regular loan repayments should they become sick, disabled, unemployed or pass away. 

Loan Repayment Insurance

Essential Cover Insurance gives you financial peace of mind that, should the unexpected happen, for example sickness or accident, your mortgage loan repayments will be met for up to 30 months. If you should die, your outstanding loan will be paid off. Essential Cover Insurance is underwritten by CGU Insurance, one of Australia's leading insurance companies.

A range of cover options are available, so we can tailor your policy to suit your needs.

  • No medical examination required*
  • Premiums can be included in your loan
  • Monthly instalments are available for mortgage loans
  • Amateur or professional sports (excluding professional motor racing) are covered
  • Joint cover is available at a reduced premium for the second borrower
  • Work-related injuries are covered
  • Your policy will pay in addition to other benefits e.g. Workers' Compensation
  Additional Information
Ask HorizonCall 1300 366 565

*Unless you suffer from a serious health problem or need cover above our automatic limit.

The advice on this web page is general advice only and does not take into account your individual objectives, financial situation or needs ('your personal circumstances'). Before using this advice to decide whether to purchase or hold this insurance policy, you should consider the appropriateness of it having regard to your personal circumstances.

Horizon Credit Union ABN 66 087 650 173 acts under its own Australian Financial Services Licence (no. 240573) and under an agreement with the insurer, Insurance Australia Limited ABN 11 000 016 722 trading as CGU Insurance (CGU). Backed by IAG. Insurance is issued by CGU. You can get a Product Disclosure Statement (PDS) for the products from any office of Horizon Credit Union or CGU. You should consider the PDS in deciding whether to buy or hold the product.