Loan Protection or Consumer Credit Insurance from MyState Bank ensures that you have the cover you need for your loan repayments or Line of Credit at an affordable cost.
Underwritten by CGU Insurance, the Essential Cover Loan Repayment Protection cover allows you to cover all or part of your loan repayments, it also provides you with the security of knowing that your major financial commitments will be taken care of in the event of unforeseen circumstances, such as accident or injury.
Both individual and joint cover options are available depending on your selected loan structure.
Types of Loan Protection cover available include:
- Life Cover
- Trauma Cover
- Involuntary Unemployment