Understanding Home Loan Protection: What Is It and How Can It Benefit You?
Home Loan ProtectionArticle1 September 2025
Zurich Home Loan Protection can help you cover home loan payments if you can't work temporarily because of illness, injury or involuntary unemployment.
It can also cover the total outstanding balance on your loan (up to $1 million) if you pass away, or you're diagnosed with a terminal illness with less than 12 months to live. Plus, your cover amount and premiums can decrease as you pay off your home loan.
What Home Loan Protection covers
Home Loan Protection is designed to help you pay your mortgage in a range of unexpected events. Claims are paid directly to you, or in the event of death, to any policyholder linked to the loan, or the estate.
You can choose which types of protection you want included in your policy. Zurich Home Loan Protection offers three types of cover:
Cover for the total outstanding balance of your loan up to $1 million.
Life Only
If you die or you’re diagnosed as terminally ill with less than 12 months to live, we'll pay a lump sum up to $1 million that can be used to pay your loan.
Protect your mortgage payments against life’s uncertainties.
Illness, Injury and Involuntary Unemployment
If you can't work because of illness or injury, we'll pay the minimum loan repayment up to $10,000 a month for up to 18 months. If you lose your job through no fault of your own, we'll pay the minimum loan repayment. The maximum we'll pay is $10,000 a month for up to 90 days.
Life and Illness, Injury and Involuntary Unemployment cover that helps safeguard your mortgage.
Full Protection
This cover combines both Life benefit, Illness and Injury and Involuntary Unemployment benefits.
Cover levels and premium costs
With Zurich, your home loan can be insured for up to $1 million.
Your premium may be influenced by several factors:
- Your preferred cover type (Life Only, Illness and Injury, and Involuntary Unemployment or Full Protection)
- The balance owing on your home loan
- Your minimum loan repayment amount
- Your age
Zurich uses Open Banking to securely capture your loan details, ensuring your loan balance and repayment amounts are always up to date. This means your premium could decrease over time as you pay down your mortgage.
Stress less about your mortgage and get a quote today.
Zurich Home Loan Protection is issued by Zurich Australia Limited ABN 92 000 010 195 AFSL 232510 (Zurich). This information does not take into account your personal objectives, financial situation or needs. You should consider these factors and the appropriateness of the information to you. Consider seeking advice specific to your individual circumstances from an appropriate professional. You should also consider the Product Disclosure Statement (PDS) available at www.zurich.com.au in deciding whether to acquire or to continue to hold the product. Furthermore, this product has been designed to meet certain objectives, financial situations and needs, which are described in its Target Market Determination available on our website. More info.
