Loan Protection Insurance

Loan Protection


Are your loan repayments covered?

Ever wondered what would happen if you got sick or lost your job? Help reduce the stress with a plan to cover the unexpected with Loanminder loan protection insurance.


Features of Loanminder loan protection insurance:**


  • Cover in the event of death, disability, trauma, redundancy and bankruptcy.
  • NZCU Steelsands gives you Free Life Cover for the first member of all loans approved and drawn down.
  • Choose to have cover in the event of death(for joint account holder) only or a combination of any of the other covers listed above.
  • Your premiums decrease as you pay off your loan, so you'll only pay for insurance on the loan balance owing.
  • Cover and premiums calculated on daily loan balance and paid monthly to the loan account, so you will never over pay.

For peace of mind and to ensure that your loan repayments can be covered in the event of death, trauma, disability, redundancy and/or bankruptcy.


Don't wait   get a quote


View our online brochure here.

You can also download a Samoan or Tongan language version of our brochures here:
Samoan Loanminder Brochure
Tongan Loanminder Brochure


**For details of terms, conditions and exclusions, please contact NZCU Baywide to view a copy of the Loanminder Insurance group policy document. The policy is issued by Credit Union Insurance Limited (trading as Co-op Insurance NZ).

Credit Union Insurance Limited (trading as Co-op Insurance NZ) has a BBB- insurer financial strength rating, given by Fitch Ratings. Fitch Ratings Insurer Financial Strength Ratings: AAA (exceptionally strong), AA (very strong), A (strong), BBB (good), BB (moderately weak), B (weak), CCC (very weak), CC (extremely weak), C (distressed). Notes: "+" or "-" may be appended to a rating to indicate the relative position of a credit within the rating category. Such suffixes are not added to ratings in the 'AAA' category or to ratings below the 'B' category.