Products
St Andrew’s offers a wide range of insurance products, listed below.
Credit Protection & Credit Card Protection
These products are designed to protect your customer’s repayment obligations under mortgages, personal loans and credit cards. St Andrew’s offers a variety of levels of cover through different combinations of Life, Accident & Sickness and Involuntary Unemployment cover.
Our products are simply designed, require little, or no underwriting and can cover personal and mortgage loans up to $750,000 and credit cards up to $50,000. Premiums can be financed within the credit facility (personal loans and mortgages) or collected monthly (mortgages and credit cards).
Autosure Protection
In the event of an accident and a vehicle being declared a total loss, a Comprehensive Motor Vehicle Insurance payout may not cover the balance of the finance still owing. Autosure Protection is an affordable and practical insurance solution to protect against this exposure.
In the event of a claim, the benefits are paid to the financier of the loan to be allocated to the customers outstanding loan balance.
The range of product options also include Benefits Plus, which provides cash payments to the insured to compensate for the inconvenience suffered in this situation, such as the cost of a hire vehicle or the stamp duty and registration fees on a new vehicle.
Term Life Insurance
St Andrew’s offers a quality Term Life insurance product that has distinct advantages over its competitors with simple, affordable and straightforward cover and an easy application process.
This information is provided for the benefit of St Andrew’s existing and prospective corporate partners. A PDS is available for each of these products by contacting St Andrew’s on 1300 363 159 or from our existing corporate partners. Clients should consider the PDS before deciding whether to purchase or hold any of these products.
General Insurance
St Andrew’s can also arrange a general insurance product range for corporate partners, underwritten and issued by our partner, Vero Insurance Limited. The product range includes Home and Contents, Landlords, Motor and Travel insurance. These products are regularly reviewed to ensure the benefits provided and premiums charged are market competitive.
Home and Contents Insurance
The Secure Home Extra Insurance policy offers cover for insured events. Under this policy, customers can choose Home Building cover, Home Contents cover, or both. Optional cover can be provided under Home Contents for personal valuables. In addition the policy offers customers the following benefits:
- A 5% discount for combined Home and Contents policies
- Flood cover as standard
- Variable excess options providing the customer with increased choice of premium
- Automatic Accidental Glass breakage and Electrical Motor Burnout cover for both Home and Building cover
- Temporary accommodation should the house be unliveable due to one of the insured events
- An over 55 and no longer working fulltime discount of 20% on Home and Contents insurance
Landlord Insurance
The Secure Landlord Insurance policy offers cover to landlords and those who rent out their property. Under this policy, customers can choose Property or Contents cover or both. Benefits include:
- Protects against malicious or intentional damage and theft by tenant or their guests
- Automatic Electrical Motor Burnout and Accidental Glass Breakage cover
- New for old replacement for contents up to 20 years old (depreciation is then applied)
- $20 million legal liability cover
Motor Insurance
The Secure Motor Plus Insurance policy offers a choice of Comprehensive, Third Party Property Damage or Third Party Property Damage with Fire and Theft cover. All three options also include death or bodily injury cover caused to a third party where compulsory third party (CTP) does not provide the cover. Comprehensive cover benefits include:
- Choice of market or agreed value cover
- New vehicle replacement if a total loss occurs within 2 years of original registration date (conditions apply)
- Hire vehicle following a theft or not at fault accident
- Limited cover for personal belongings in vehicle
- Towing costs and help to get you home after an accident (applicable to Third Party Property Damage with Fire and Theft Cover)
Travel Insurance
The Secure Travel Insurance policy offers cover for Holiday Travel or Annual Multi-trip Travel, with the option for either single or family cover.
Secure Holiday Travel Insurance includes the following benefits:
- No limit to reasonable cancelled travel and accommodation expenses
- No limit to reasonable overseas medical expenses and dental expenses up to $1,000 under a Single Policy and $2,000 under a Family Policy
- Cover for loss of or damage to personal baggage & personal effects
- Reimbursement of excess paid on hire car insurance claim (maximum of $2,000 for Single policy/$4,000 for Family policy, for all claims)
The Secure Annual Multi-Trip Travel Insurance is an annual policy that allows unlimited trips per year, with a maximum of 90 days per trip. It includes the same benefits as the Holiday Travel policy above, but with some higher limits and the following additional benefits:
- Reimbursement of your lost income, following an injury ($10,000 for Single Policy/$50,000 for Family Policy)
- Additional travel and accommodation expenses of a business associate to replace you following an illness or injury
Please refer your clients to the Product Disclosure Statement (PDS) for the terms and conditions of each General Insurance product. A PDS is available for each of these products and can be obtained from www.vero.com.au. Your client should consider the PDS before deciding whether to purchase or hold any of these products. General insurance products are issued by Vero Insurance Limited ABN 48 005 297 807 AFSL 230859.