Benefits and features

Cover your loan balance

  • If you die, you'll be paid up to a maximum of $80,000 cover for your outstanding loan repayments.
  • If you're disabled, you'll be paid up to a maximum monthly amount of $5,000.

Cover your loan repayments

  • If you're involuntarily unemployed, you'll be paid up to a maximum period of four months (subject to a maximum monthly amount).

Flexible repayment options

You can choose to have your premiums deducted from either:

  • a nominated NAB account (excluding credit cards), or
  • the loan itself.

Easy to apply

  • No lengthy personal medical questions, medical examinations or blood tests (pre-existing medical conditions are excluded from cover).

Connect with leading medical specialists

  • Connect with 50,000 leading medical specialists around the world through Best Doctors®.
  • There's no extra cost for this service. For more information visit Best Doctor service.

How to make a claim

If you would like to make a claim, call 1300 125 246, 8am-5pm, Mon-Fri AEST/AEDT.

Important information

MLC Limited ABN 90 000 000 402, AFSL 230694 of 105-153 Miller Street, North Sydney, NSW 2060, is the issuer of NAB Personal Loan Cover.

MLC Limited (MLC) is a related body corporate of NAB. A NAB Personal loan insurance policy does not represent a deposit with, or liability of, NAB or any of its related bodies corporate (other than a liability of MLC as insurer). Neither NAB, nor any of its related bodies corporate (other than MLC as insurer) guarantees or accepts liability in respect of Personal loan insurance.

Information about Personal loan insurance is contained in the NAB Personal Loan Cover Product Disclosure Statement (PDF, 606KB). You should obtain and consider the PDS before making any decision about whether to acquire or continue to hold any insurance product. Conditions and exclusions apply to each product. Please refer to the PDS for the full terms and condition of the insurance cover provided.

Apply now for personal loan insurance

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