A quick summary for those in a hurry
Most income protection or life insurance policies don’t cover job loss. That’s where Zurich Home Loan Protection steps in.
If you’re made redundant, it can help cover your mortgage payments for up to 3-months, up to $10k per month. This can help keep your home secure, safeguard your savings, and support your family while you find a new job.
It’s this smart thinking that helped Zurich win the Australasian Life Underwriting and Claims Association (ALUCA) Innovation Team Award.2
Make sure to review the Product Disclosure Statement (PDS) for details about eligibility, benefits, exclusions, and payment durations, and to help decide if this product is right for you
Job security concerns are growing
Recent research from the Australian National University shows 26.8% of workers are worried about losing their jobs. Many Australians are asking:
- "What happens if I’m made redundant?"
- "Can insurance cover mortgage payments?"
- "How do I safeguard my home loan if I lose my job?"
With the right policy, you can help prevent job stress from turning into major financial strain.
Why should you protect your mortgage?
Your mortgage isn’t just a financial commitment – it’s your home. It’s where memories are created and your family feels safe. Many people protect their home from physical risks like floods and fires, so why not protect it from life’s uncertainties, too?
Buying a home is a major life achievement. Home Loan Protection provides vital support, helping homeowners focus on what matters without worrying about financial strain."
What sets Zurich Home Loan Protection apart from Income Protection and Life insurance?
Most standard income protection or life policies exclude redundancy. But Zurich Home Loan Protection is different:
- It pays you a benefit for up to 3 months up to $10K per month if you lose your job through no fault of your own, which you can choose to put towards your mortgage repayments.
- It can provide cover if you are working over 20 hours per week - including casual, contracted or self-employed people, as well as salaried employees
- It offers benefit payments to fall back on, beyond typical savings.
How does Zurich Home Loan Protection work?
If you’re made redundant and you have Zurich Home Loan Protection, here’s what happens:
- We assess if you meet the redundancy eligibility rules.
- If you are eligible, payments begin after a short waiting period.
- Benefits are payable for up to 3-months.
Instead of dipping into savings, Zurich Home Loan Protection can help by:
- Providing benefit payments that can go towards emergencies rather than using your savings
- Providing a support whilst you are job seeking
- Paying out in the event of injury, illness or death (depending on the benefits chosen)
- Helps to offer stability for your family during tough times.
What should you check before choosing?
- Make sure the policy aligns with your needs:
- Eligibility – Do your working hours qualify?
- Waiting period – How long can you wait for payments to begin?
- Benefit period – How long do payments last?
- Exclusions – Do any of the exclusions under the policy apply to you?
- Benefit amount – Is the benefit sufficient to cover your needs?
Why choose Zurich Home Loan Protection?
Zurich Home Loan Protection is unique because
- It uses Open Banking to calculate your cover and premiums, which means they stay up to date.
- It provides flexibility to combine cover including illness and injury, and life including terminal illness
- It’s backed by Zurich’s experience and reliable support.
It’s this smart thinking that helped Zurich win the Australasian Life Underwriting and Claims Association (ALUCA) Innovation Team Award for Zurich Home Loan Protection2
As customers pay off their loan, their cover and premium adjust automatically. This is an example of smart tech creating customised solutions for our customers."
How to get started:
You can apply for Zurich Home Loan Protection in two ways:
- Direct from Zurich – Confident about your choice? Visit zurich.com.au/home-loan-protection to arrange cover quickly and easily.
- Through a Financial Adviser – Need personalised advice? A professional can review your situation and guide you. Visit zurich.com.au/life-insurance/assure to find an adviser.
1. Australian National University “Holding together, Just: Wellbeing, Economic Strain, and Democratic Resilience in Australia, March 2026”
2. Australasian Life Underwriting and Claims Association (ALUCA) Life Insurance Excellence Awards – Winner Innovation Team 2026
Zurich Home Loan Protection is issued by Zurich Australia Limited, Australian Business Number (ABN) 92 000 010 195, Australian Financial Services Licence AFSL 232510 (“Zurich”) of 118 Mount Street, North Sydney, NSW, 2060. This information is current as at July 15, 2026 and may be subject to change. This information 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) available at www.zurich.com.au in deciding whether to acquire or to continue to hold the product. Furthermore, this product has been designed to meet certain objectives, financial situations and needs, which are described in its Target Market Determination available on our website
