Our Products

Payment Protection Insurance


What Is PPI?

Payment Protection Insurance (PPI) is a policy which covers the policyholder for the monthly instalments on their credit contract in the event that they suffer an insured event below. The policy cover options are specific to the policyholder’s source of income at the time of entering into a credit contract. The benefits are payable directly to the financier. In the unfortunate event of death, PPI covers the outstanding balance on the loan.

  • The main risk with having finance is if something happens to your ability to earn money. PPI protects you, your family and your credit rating if the worst happens.

  • With only a minimum stand down period and generous cover for up to 60 months, PPI protection truly covers you for the unexpected at the time you need it most.

  • ACC only pays to a maximum of 80% of your income – How would your household react to an instant 20% pay cut?

What Cover Options are Available?


Insured Events:
Death, accident, illness, business interruption and bankruptcy.


Insured Events:
Death, accident, illness, bankruptcy and redundancy


Insured Events:
Death, permanent total disablement, hospitalisation & bed care and bankruptcy.

What are the Customer Benefits?

  • No medical examination required to purchase a policy
  • Pre-existing medical conditions covered if no treatment advice in 6 months prior to policy start date
  • Benefits are paid directly to your Financier in relation to your credit contract
  • Benefits continue until the end of your credit contract
  • Peace of mind for the unexpected
  • Low cost, once only premium
  • Protects household income for other purposes
  • Protects credit rating
  • In the event of death, family/estate does not have to deal with debt and possible repossession
  • Accident and Illness benefits paid from day 1 - provided Accident and Illness > 7 days
  • Redundancy paid from day 1 - provided redundancy > 30 days
  • Redundancy benefit of 12 months
  • 10 day cooling off period

This is only a summary of cover, please see the policy booklet for full terms, exclusions, conditions and benefits.