Payment Protection Insurance
The main risk with having finance for a car, is if something happens to your ability to earn money.
You might then find it difficult to manage financially. So we’ve designed our policy to help protect you, your family and your budget if the worst happens.
What is PPI?
Autosure Payment Protection Insurance (PPI) protects you for the repayment of your loan obligations to the financier if you suffer an insured event. The benefits are payable directly to the financier and the policy cover options are specific to your source of income at the time of entering into a credit contract.
EMPLOYEE
SELF EMPLOYED
EVERYDAY ESSENTIAL
Insured Events:
Death, Terminal Illness, Accident, Illness, Disability, Hospitalisation, Carer, Redundancy, Suspension,
Employer Ceases Trading
Insured Events:
Death, Terminal Illness, Accident, Illness, Disability, Hospitalisation, Carer, Business Interruption
Insured Events:
Death, Terminal Illness, Hospitalisation, Permanent
Disability
Maximum loan amount – $200,000. Maximum loan term – 84 months. Policy terms must end before the insured’s 70th birthday.
Benefits
- No medical examination is required
- Redundancy benefit of up to 12 months
- Protects your household income for other purposes and your credit rating
This is a summary only – please see the policy document for full terms, exclusions, conditions and benefits.
Policy Document
This is our current policy wording – please contact us if you would like a copy of a previous policy document or schedule.
Important Information
- These policies are underwritten by Autosure Insurance Limited. Find out more about Autosure’s financial strength rating.
- Autosure Insurance Limited is a member of the Financial Services Federation. Find out about their Responsible Credit-Related Insurance Code.