If something happens to you that affects your ability to pay off your home loan what do you do?
What if something unforseen happens such as fire, storm or burglary? What then?
You need to be sure your home is adequately insured for replacement or rebuilding costs.
Relax. NAB can arrange protection for both you and your assets.
| Life and Income Protection. |
You might think, "It'll never happen to me...", but if you were to suffer an illness, become totally and permanently disabled or die, how would you and your family cope financially? In Personal Investor Magazine "Awards for Excellence in Financial Services 2005", MLC Limited, a subsidiary of NAB, won the Insurance Company of the Year award for a record fourth year in a row.
Find more information on life and income protection. |
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| MLC EasyCover* puts your mind at ease. |
MLC EasyCover helps cover your loan repayments should you:
- become involuntarily unemployed;
- suffer disablement; or
- suffer from a specified critical illness or die.
MLC EasyCover provides you with a package of three insurance covers:*
- Life Cover provides a lump sum to pay out your loan if you die.
- Disablement Cover (including certain specified critical illnesses) pays your loan repayments if you:
- can't work due to injury or sickness, either permanent or temporary; or
- are unable to perform two or more of the activities of daily living or have severe cognitive impairment due to injury or sickness; or
- suffer a specified critical illness.
- Involuntary Unemployment Cover: pays your loan repayments for up to a maximum of four months if you are involuntarily unemployed.
It is available to customers of NAB, including joint borrowers and self-employed persons with new a home loan.
Your MLC EasyCover premiums can be paid by monthly direct debit from a nominated bank account or credit card. The approval of your loan is not conditional on you purchasing MLC EasyCover insurance.
All these insurance covers are very useful in providing you and your family with financial peace of mind.
For more information on MLC EasyCover including features, benefits, conditions and exclusions download the Product Disclosure Statement (PDF, 63KB). |
Home and Contents Insurance,* including free building
insurance offer. |
NAB Home Insurance, NAB Home Insurance Essentials and NAB Residential Investor Insurance are home and contents insurance policies that can give you great peace of mind. And they can all be conveniently and easily organised at the same time as your home or residential investment loan.
- You can save up to 10% on both your building and contents premiums by purchasing both covers together.
- You may also qualify for Free Cover Insurance during your property settlement period when you purchase NAB Home Insurance, NAB Home Insurance Essentials or NAB Residential Investor Insurance. Ask your banker or NAB insurance consultant about this offer - they will confirm whether you are eligible and provide further information on the terms and conditions that apply to the offer.
- You may choose from a range of excess levels that lower the cost of your premium and select a payment option which suits you - there is no additional premium fee charged for electing to pay your premium monthly or fortnightly. Then you can relax with immediate cover (subject to eligibility) organised on the spot. Best of all, we won't waste your time filling in forms!
Find out more about Home and Contents Insurance or call us now on 13 29 28. |
*Conditions and exclusions apply to MLC EasyCover, NAB Home Insurance, NAB Home Insurance Essentials and NAB Residential Investor Insurance: for details of the definitions, terms and conditions of each of these products, please refer to the relevant Product Disclosure Statement (PDS), a copy of which is available by phoning the Insurance Hotline on 13 29 28, for the full terms and conditions of the insurance cover provided by the particular product.
MLC Limited ABN 90 000 000 402, AFSL 230 694 of 105-153 Miller Street, North Sydney, NSW 2060, is the issuer of MLC EasyCover.
MLC Limited (MLC) is a related body corporate of NAB. An MLC EasyCover 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 MLC EasyCover.
NAB Home Insurance, NAB Home Insurance Essentials and NAB Residential Investor Insurance are issued by Allianz Australia Insurance Limited ABN 15 000 122 850 (Allianz), 2 Market Street, Sydney NSW 2000, AFSL 234708. These insurances are arranged by National Australia Financial Management (NAFM) ABN 56 000 176 116 AFSL 230 699, a member of the National group of companies, as agent of Allianz. NAFM receives commission for arranging these insurances. Neither National Australia Bank Limited nor any other member of the National group of companies (including NAFM) guarantees or accepts liability in respect of these insurances issued by Allianz.
The information provided on this website has been prepared by National Australia Financial Management Limited (NAFM) and MLC Limited (MLC) and is intended to provide general information only. Any advice on this website has been prepared without taking into account your objectives, financial situation or needs. As such, before acting on any advice on this website, NAFM recommends that you consider whether it is appropriate for your objectives, financial situation and needs. You should obtain a copy of the PDS for the relevant product and consider the information contained in that document before making any decision about whether to acquire or continue to hold any insurance product.
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