mi-bike Loan Protection Insurance
Call 1300 780 446 or Click Here for a Quote Today
A change in your health or loss of your income can leave you struggling to make your loan repayments.
mi-bike Loan Protection Insurance* can assist you at your moment of need. We offer different combinations of cover so you can choose the one that’s right for you.
• Disablement and Hospitalisation benefits – helps with your monthly loan repayment if you’re unable to work or hospitalised due to illness or injury.
• CashAssist benefit** – pays the outstanding balance of your loan up to $50,000 if you suffer a heart attack, stroke or cancer or have coronary artery surgery.
• Death benefit – pays the outstanding balance of your loan up to $50,000 per loan or $100,000 in total in the event of your death.
• Involuntary Unemployment benefit*** – helps pay your loan repayment if you lose your job.
• Total benefit – up to $100,000 in total for all policy benefits.
• Joint cover is available at a discounted rate for your partner.
** CashAssist (trauma) benefit cover may only be purchased when a another benefit
is purchased and can only be chosen at commencement of cover.
*** Involuntary unemployment benefit cover may only be purchased with Disablement cover.