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Zurich's Home Loan Protection: Tailored Insurance for Mortgage Holders

Combining Life and Income Protection with Adjustable Premiums

Zurich's Home Loan Protection: Tailored Insurance for Mortgage Holders?w=400

The information on this website is general in nature and does not take into account your objectives, financial situation, or needs. Consider seeking personal advice from a licensed adviser before acting on any information.

Zurich has unveiled its Home Loan Protection (HLP) product, a new insurance offering that combines life and income protection benefits tailored specifically for mortgage holders.
This innovative cover automatically adjusts its premiums as the insured's mortgage balance decreases, ensuring that policyholders are only paying for the coverage they need.

Utilizing Open Banking technology provided under the Consumer Data Right regime, HLP ensures that coverage aligns with the outstanding mortgage amount. In the event that a policyholder is unable to work due to illness or injury, or becomes unemployed through no fault of their own, the product provides instalments to cover loan repayments or day-to-day expenses. In cases of death or terminal illness, a lump sum is provided to pay off the remaining mortgage balance.

Tim Kane, Zurich's Head of Retail, highlighted the significance of this offering: "HLP is designed specifically for this need. It combines life and income protection-style benefits, including cover for involuntary unemployment, without requiring a medical underwriting process."

This product addresses a key factor in financial insecurity among Australians-the burden of mortgage repayments during unforeseen circumstances. By integrating life and income protection benefits with a dynamic premium structure, Zurich's Home Loan Protection offers a comprehensive solution for homeowners seeking financial security.

Published:Sunday, 15th Mar 2026
Source: Paige Estritori

Please Note: If this information affects you, seek advice from a licensed professional.

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Rider:
An optional provision added to an insurance policy that provides additional benefits or coverage.