Personal loan insurance
Personal loan insurance is an easy, affordable way to make sure that your repayments don't become a worry if an accident or illness keeps you from repaying the loan.
Benefits
- Cover if you die or are diagnosed with a terminal illness (conditions apply)
- Your regular loan repayments are paid if you've been working and become disabled as a result of an illness or accident
- Your regular loan repayments are paid if you're made redundant, or bankrupt if you're self–employed
- Your premiums are reduced as you repay your loan, making them even more affordable, and premiums are charged automatically to your loan account, so there's no need to set up a separate payment.
Eligibility
Personal loan insurance is only available for personal loans of $50,000 or less. If your loan is more than $50,000, call us on 0800 220 999.
There are certain exclusions including pre-existing conditions.
Apply now
You'll need to organise your personal loan insurance when you apply for your loan. If you apply online, we can organise your insurance when we call you to finalise your loan details.
If you decide within 30 days of the loan being drawn down that the insurance isn't right for you, we'll cancel your cover and refund any premiums you've paid.
Make a claim
If you took out your personal loan after 15 September 2009, call us on
0800 220 999 between 10.30am – 7pm, Monday to Friday.
If you took out your Kiwibank Personal Loan before 15 September 2009, or if you're a Kiwibank Home Loan customer with a personal loan – call us on 0800 222 491 between 8am – 5pm, Monday to Friday.
Conditions
Important conditions and exclusions are set out in the policy wording.