Products
St Andrew’s is able to offer a full range of insurance products. The information provided is a brief outline of the major features of our products and is designed to be used as a quick and easy reference source. It must not be regarded as a substitute for reading the relevant Product Disclosure Statement (PDS), which are available through our corporate partners.
Product offerings include:
Consumer Credit Insurance
Credit Protection & Credit Card Protection
These products are designed to protect personal loans, mortgages and credit cards. St Andrew’s offers not only a variety of levels of covers but can also incorporate different combinations of Life, Accident & Sickness and Involuntary Unemployment cover. Our products are designed to be simple and can cover personal and mortgage loans up to $750,000 without the need for a medical examination and credit cards up to $20,000. Premiums can be financed within the credit facility (personal loans and mortgages) or collected monthly via direct debit (mortgages and credit cards).
Autosure Protection
In the event of an accident and the vehicle being declared a total loss, a Comprehensive Motor Vehicle Insurance payout may not cover the balance of the finance still owing. Autosure Protection is an affordable and practical insurance solution to protect against this exposure. The range of product options include Benefits Plus which provides cash payments to compensate for the inconvenience suffered in this situation, such as the cost of a hire vehicle or the stamp duty and registration fees on a new vehicle. This cover is delivered at a price substantially lower than the price of similar competitor products. St Andrew’s has found that this type of policy has become increasingly popular as more people borrow for vehicle purchases.
BizSure Protection
Unique to the Australian market, BizSure Protection is designed to provide insurance cover to help pay off a business or commercial loan in the event that a guarantor of the loan dies. BizSure provides cover without the need for a medical examination and premiums can be financed into the loan for up to five years or paid via monthly direct debit. The simple application process and competitive premiums provides a great option to customers undertaking any business lending.
The benefits under our Credit Protection, Credit Card Protection and BizSure Protection products are paid to the relevant financier of the loan and used towards settling the loan’s outstanding balance.