Loan Protection Insurance

When you take you a loan, you commit to making repayments over a long period of time. Unfortunately your personal circumstances can change quite quickly or over time. CGU Loan Protection Insurance allows you to cover your loan repayments should there be a change in your health or loss of income should you:

  1. Experience a trauma such as a heart attack, coronary artery surgery, stroke or cancer
  2. Pass away, whereby the outstanding balance of your loan is paid out
  3. Suffer an illness or injury that results in you being unable to work
  4. Become involuntarily unemployed


  • No medical examination is required to qualify for insurance unless you suffer a serious health problem or need cover above our automatic limit
  • Amateur or professional sports (excluding engaging in motor racing, flying or taking part in aerial activity except as a passenger in a recognised airline. are covered
  • Joint cover is available at a reduced premium for the second borrower
  • Work-related injuries are covered
  • Your policy will pay in addition to other benefits such as Workers’ Compensation, etc.
  • Cover if you become Involuntary unemployed – please refer to the policy booklet

Loan Protection Insurance is issued by Insurance Australia Limited ABN 11 000 016 722 AFSL 227681 trading as CGU Insurance. In offering these products, The Capricornian acts under its own Australian Financial Services Licence and under an agreement with the insurers, CGU. This is general information only and does not take into account your individual objectives, financial situation or needs (‘your personal circumstances’). In arranging this insurance The Capricornian Limited acts as an intermediary for CGU, not as your agent. The Capricornian Limited does not guarantee any claim or benefit payable under the insurance policy. We receive commission on insurance products details can be found in our Conditions of Use brochure. Before making decisions about any of these insurance products you should consider the appropriateness of the information having regard to your circumstances and the applicable Product Disclosure Statement (PDS) available at any Capricornian branch or by calling 1300 314 900. The Capricornian Ltd ABN 54 087 650 940 AFSL / ACL No. 246780.