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Mortgages and Personal Loans are often long term commitments, so it makes sense to cover them with Consumer Credit Insurance.

Loan Protection Insurance is designed to help with your loan repayments in the event an unforeseen event occurs, such as your death, disability or involuntary unemployment.

Policies available:

  • Essential Cover

Common cover:

All policies include the following:

  • Reduce premium for joint borrowers
  • 28 day money back guarantee

Choose the right policy for you

  Essential Cover
  • Cover loan repayments or line of credit
  • Available for Mortgage and Personal Loans
  • Essential Cover insurance can cover:

- Disablement, up to $210,000
- Hospitalisation, up to $6,000
- Involuntary unemployment, up to $15,000
- Life cover, up to $500,000
- Trauma cover, up to $50,000

This list is a summary of highlighted features and benefits only. Please refer to the CGU Essential Cover Line of Credit Insurance Product Disclosure Statements (PDS) and CGU Essential Cover Loan Repayment Insurance Product Disclosure Statements (PDS) and Policies for full terms and conditions.


Why insure with CGU?

  • 28 day money back guarantee
  • Available for members aged 16 to 59 years
  • 160 years of experience insuring Australians



General insurance issued by Insurance Australia Limited ABN 11 000 016 722 AFSL 227681 trading as CGU Insurance. Sydney Credit Union ABN 93 087 650 726 acts under an agreement with the insurer. Any advice 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 the insurance policy, you should consider your personal circumstances and the relevant Product Disclosure Statement available on this website. For the Life and Trauma covers, CGU holds an insurance policy issued by National Mutual Life Association of Australasia ABN 72 004 020 437 AFS Licence No. 234649 a member of AMP Group (NMLA). CGU administers the Life and Trauma covers on behalf of NMLA and CGU’s liability under that policy is limited to the administration of the policy including the management of claims.


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