For more information read the Home Loan Protection Product Disclosure Statement (PDS).
You may be able to claim for Loan Repayment Cover if:
You may claim for Loan Cover if:
Trauma conditions have specific meanings and a benefit is only payable if you meet the precise meaning of the definition set out in the Home Loan Protection Product Disclosure Statement and the Loan Protection Medical Definitions Reference Guide.
Applying for Home Loan Protection is easy, with no medical questions asked. Although pre-existing medical conditions will be excluded from claims.
Simply add the insurance when applying for a CommBank home loan. Existing CommBank customers can apply in NetBank. Please be aware if you have a joint home loan, only the person completing the application in NetBank will be listed on the policy. Alternatively, you can speak to a lending specialist or visit a branch.
Home Loan Protection is issued by The Colonial Mutual Life Assurance Society Limited ABN 12 004 021 809 AFSL 235035 (CMLA), a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124. The Bank does not guarantee the obligations or performance of CMLA or the products it offers. Where we refer to “we” and “our” we mean CMLA.
A Home Loan Protection Product Disclosure Statement (PDS) is available online or from any Commonwealth Bank branch or by calling 13 3982, and should be considered in making any decision about loan protection insurance. You can also download a Financial Services Guide (FSG).
This advice has been prepared without considering your objectives, financial situation or needs. Before acting on the advice, please consider its appropriateness to your circumstances.