NAB Mortgage Protect

Benefits and features

3 covers, 1 policy

  • Convenience and peace of mind knowing you’ve got help with your mortgage repayments.

Life cover

  • Up to $1 million per policy, paid as a lump sum to your home loan if you’re diagnosed with a terminal illness or die.

Disablement cover

  • Covers your loan repayments for up to 24 months at a time if you’re unable to work (to a maximum of $10,000 per month, depending on loan and repayment type).

Involuntary unemployment cover

  • Covers your loan repayments for up to 6 months if you lose your job (up to a maximum of $10,000 per month, depending on loan and repayment type).

Connect with leading medical specialists

  • Connect with over 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.

Rates and fees

Insurance premiums are calculated on:

  • your loan account balance or limit
  • the size of your minimum loan repayment
  • your age, and
  • your gender.

Premiums start at $150 per year.

Each year, your premium will be reviewed and adjusted (depending on your loan balance, your age and loan repayment amounts).

Details of your cover

Other things to know

  • For more information about NAB Mortgage Protect call 13 22 95 8am - 6pm Mon-Fri (AEST/AEDT).
  • There are no medical tests, but you need to be aged 18 to 59 (you'll be covered until you reach 65).
  • Life Cover begins the moment your loan is drawn down (if you apply with your home loan).
  • There are no waiting periods for involuntary unemployment and disability cover. As long as you’re involuntarily unemployed or disabled for more than 30 days, then the benefit is calculated from the date of event.
  • You can pay monthly or annually—by credit card or direct debit. It’s separate to your home loan repayment.
  • Premiums and benefits are adjusted each year in line with your home loan balance.
  • Exclusions for pre-existing medical conditions are limited to those that happen in the 12 months prior to the start of the policy. See PDS for more information.
  • Home loan insurance is optional—you don’t have to take it out to be approved for your home loan.
  • Make sure you read the full PDS with your life style in mind for applicable exclusions, limitations, eligibility criteria, fees and charges and how benefits are calculated and paid. Look out for the section on ‘what’s not covered’ and read the definition of ‘disablement’ and the eligibility provisions for involuntary unemployment before applying.
  • You may not receive benefits under the policy if at the time of the event you were under the influence of drugs or alcohol or you were involved in criminal activity.
  • Make sure you read the NAB Financial Services Guide before applying for this product.

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

Terms and Conditions

MLC Limited ABN 90 000 000 402, AFSL 230694 is the promoter of this offer and is the insurer and issuer of NAB Mortgage Protect which has been branded and distributed by National Australia Bank Limited ABN 12 004 044 937 AFSL and Australian Credit Licence 230686 (NAB). MLC Limited may pay benefits to NAB and its related bodies corporate for the distribution of this product. This insurance is not a deposit with, a liability of, or guaranteed by NAB. MLC Limited is part of the Nippon Life Insurance Group and not a part of the NAB Group of Companies. Any financial advice in this notice is general only and has not been prepared having regard to your personal circumstances. You should consider your personal circumstances before acting on any advice in this notice. You should consider the relevant Product Disclosure Statement (PDF, 445KB) available at and the NAB Financial Services Guide before deciding whether to purchase or continue to hold the product.

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