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

  • This product is only available if you’re applying for a NAB Personal Loan online.
  • 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

For more information about NAB Personal Loan Cover call 13 22 95 8am - 6pm Mon-Fri (AEST/AEDT)

MLC Limited ABN 90 000 000 402, AFSL 230694 is the insurer and issuer of this NAB Personal Loan Cover 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 at NAB Personal Loan Cover Product Disclosure Statement (PDF, 606KB) or by phoning 13 29 28 and NAB Financial Services Guide before deciding whether to purchase this insurance.

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