Zurich Home Loan Protection

About Zurich Home Loan Protection

Your home is likely your most valuable asset, and your biggest financial commitment. What happens to your mortgage if illness, injury, or unexpected job loss suddenly stops your income? Zurich Home Loan Protection is designed to answer that question before life forces you to find out the hard way.

Zurich Home Loan Protection is a specialist insurance product tailored specifically for homeowners with a mortgage. Unlike generic life insurance, this cover links directly to your home loan — which means the benefit amounts and premiums can adjust over time as your loan balance reduces. You only pay for what you actually need.

The cover kicks in when you need it most. Let Zurich step in to help manage your mortgage repayments.

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What Does It Cover?

Zurich Home Loan Protection offers three cover options. Pick the one that fits your situation and needs.

Option 1 — Life Only

If you pass away or are diagnosed with a terminal illness (less than 12 months to live), Zurich pays a lump sum of up to $1 million that can be used to clear or reduce your home loan.

Option 2 — Illness, Injury & Unemployment

If you can’t work because of sickness or injury, Zurich pays a monthly benefit (up to $10,000/month) based on your minimum loan repayment for up to 18 months. If you’re made redundant involuntarily, the benefit continues for up to 90 days.

Option 3 — Full Protection

The complete package. Combine the life benefit lump sum with illness, injury, and involuntary unemployment cover, so you’re protected against life’s biggest financial threats under a single policy.

What are the eligibility requirements?

Customers must meet specific criteria to be eligible for the Zurich Home Loan Protection

To apply for this policy, each person to be insured must be aged between 18 to 59 years old, and be an Australian or New Zealand citizen or hold an Australian Permanent Residency Visa.

To be eligible for Illness, Injury and Involuntary Unemployment cover, you need income from working more than 20 hours a week. This can be in a self-employed, permanent part-time, casual, contract or temporary capacity.

Must hold a fixed or variable residential home loan (standard or interest only) or residential investment loan.

The loan must be from $30,000 to $1,000,000 AUD.

Why users choose it?

We know that buying a new home takes a lot of time and effort. So, it’s a good idea to make sure your hard work won’t go to waste if the unexpected happens. That’s where Zurich Home Loan Protection comes in.

Full Protection

Tailored to meet your specific needs, Zurich Home Loan Protection helps you secure your mortgage repayments, even if you lose your job through no fault of your own.

Affordable Premiums

Benefits and cover amounts are calculated based on the outstanding loan balance or minimum repayment amount. So premiums can reduce as you pay off your home loan.

Stress less about your mortgage

with Zurich Home Loan Protection

Get a Quote Today

Features

Involuntary unemployment*

Zurich is currently the only home loan insurance provider in the market (as of April 2025) offering cover for involuntary job loss alongside illness and injury.

Home loan repayments

Provides convenient cover that helps you meet your home loan repayments during covered events. And the monthly benefit goes directly to you, not to your lender. You decide how best to manage your finances during a claim period.

Premiums That Shrink With Loan

Insurance premiums and cover amounts are calculated based on your outstanding home loan amount. As you pay down your mortgage, your cover amount, and potentially your premium, reduces accordingly. You’re never over-insured or overpaying.

Pre-existing condition exclusion

A pre-existing condition exclusion applies, but only to conditions you had a medical consultation for (or intended to) and were aware of in the 12 months before the policy start date.

No Adviser Needed

Everything can be handled online. No appointments, no paperwork, no middleman. Get a quote and apply in roughly 10 minutes.

Apply in About 10 Minutes

A quick, straightforward online application means you can get covered without wasting your weekend sorting through paperwork.

Who Benefits From This Insurance

First Home Buyers

Protect your ability to pay off your first home now, so you can enjoy it for years to come. We know that buying a new home takes a lot of time and effort, so it’s a good idea to make sure your hard work won’t go to waste if the unexpected happens. That’s where Zurich Home Loan Protection comes in.

Next Home Buyers

Upgrading to a bigger home — often while still holding the previous property as an investment? Two mortgages mean double the exposure. Zurich Home Loan Protection helps ensure both commitments are covered if something goes wrong.

Refinancers

Switching lenders to lock in a better rate is smart financial management — pairing that with protection is even smarter. Zurich Home Loan Protection can help you cover mortgage payments if you can’t work temporarily because of illness, injury or involuntary unemployment.

Complimentary Legal Will from Willed*

We have partnered with Willed to give our Zurich customers a complimentary digital Will worth $159.

For many Australians, writing a Will or managing a deceased estate is an expensive and time-consuming burden. With Willed, tasks that can stay on the to do list for months or years are streamlined and straight forward, from the comfort of your own home.

Receive a complimentary online will valued at AU$159 through Willed
Create your legal will online in as little as 15 minutes
Available to policyholders who hold the policy for at least 12 months

Loving Life Rewards*

Your choice of lifestyle and entertainment offers to suit the life you love.

Zurich’s exclusive rewards program. Get access to Zurich’s Loving Life rewards program, with lifestyle and entertainment offers from the team behind the Entertainment Book.

What is Loving Life?
Zurich’s exclusive rewards program, Loving Life, in partnership with the Entertainment Group, gives Zurich customers free access to over 7,900 special lifestyle and entertainment offers from the convenience of a smartphone.

What’s included?
As a Loving Life member, Zurich customers can enjoy two for one and up to 20% deals across everyday local services like dining and takeaway, activities, shopping, gift cards, travel and more. Save money, find a great restaurant, book a hotel, shop online or go to the cinema with friends and family. It’s Zurich’s way of saying thanks to our customers and helping them get even more from the life they love!

Benefits of Zurich Home Loan Protection

Cover for the outstanding balance of your loan, up to $1 million. If you pass away or are diagnosed as terminally ill with less than 12 months to live, the Life Benefit is paid as a lump sum. This amount may change as the outstanding balance of your home loan changes. The maximum is $1 million, which you can use to pay off your loan.
Illness and Injury. If you can’t work because of illness or injury, Zurich will pay your minimum loan repayment up to $10,000 a month for up to 18 months. If you lose your job through no fault of your own, Zurich will pay your minimum loan repayment — up to $10,000 a month for up to 90 days.

Zurich Home Loan Protection can help you cover mortgage payments if you can’t work temporarily. If you lose your job through no fault of your own, Zurich pays a monthly benefit based on your minimum loan repayment amount for up to 90 days. This amount may change as your minimum loan repayment changes. The maximum payment is $10,000 a month.
We know that buying a new home takes a lot of time and effort, so it’s a good idea to make sure your hard work won’t go to waste if the unexpected happens. That’s where Zurich Home Loan Protection comes in.

* This limited time offer is available to any Policyholder who has purchased, or purchases, an Ezicover Life Insurance, Ezicover Income Protection or Zurich Home Loan Protection policy on or after 27 January 2023 and holds the relevant policy for at least 12 months. The offer must be redeemed while the relevant policy remains in force. Terms and conditions apply. Zurich may withdraw this offer at anytime, subject to applicable laws.

The offer consists of a complimentary will (RRP value AU$159.00), provided by Willed Pty Ltd ABN 20 638 925 032 (“Willed”) of Gardenvale Road, Gardenvale, VIC, 3185, through their technology platform that allows the creation of estate planning solutions using its forms and other information, where a customer holds (as policyholder) an eligible policy for a 12 month period. Click here to view Willed terms and conditions.

The Zurich Loving Life App and the underlying offers and discounts are provided for Zurich by Entertainment Publications of Australia Pty Ltd, ABN 85 065 011 903 of 53-55 Herbert Street, Artarmon NSW 2064 (‘Entertainment’). Click here to view Loving Life terms and conditions.

The promoter of the free online legal Will and Zurich Loving Life is Zurich Australia Limited, ABN 92 000 010 195 (‘Zurich’) of 118 Mount Street, North Sydney, NSW 2060. Zurich makes no warranty and accepts no liability in relation to the quality, suitability or value of the free online Will offers or Zurich Loving Life offers. Customers should make their own enquiries.

By participating in these offers, you agree that you have read and understood their Terms and Conditions and agree to be bound by them. Zurich and its partners collect, use and disclose your personal information in accordance with their privacy policy.

Disclosure

Ezicover Life Insurance, Ezicover Income Protection, and Zurich Home Loan Protection are issued by Zurich Australia Limited ABN 92 000 010 195 AFSL 232510 (Zurich) of 118 Mount Street, North Sydney, NSW 2060. Ezicover is a registered trademark of Zurich.

The information on this website does not take into account your personal objectives, financial situation or needs. You should consider these factors and the appropriateness of the information to you. Consider seeking advice specific to your individual circumstances from an appropriate professional. You should also consider the Product Disclosure Statement (PDS) for the product available here, or by calling 1800 631 807, in deciding whether to acquire or to continue to hold the product. A Target Market Determination for the product is available here.

Zurich has prepared the information on this website and 1300 Insurance Pty Ltd ACN 124 845 727 (1300 Insurance) is simply passing this information on to you. 1300 Insurance acts as referrer for these products. 1300 Insurance does not recommend, endorse or advise you about this insurance. They can only refer you to Zurich. If you buy a policy 1300 Insurance will receive from Zurich a commission of 20% (plus GST) of premiums paid. This amount is paid by Zurich and is not an additional cost to you.

Life Insurance

Income Protection

Home Loan Protection