Zurich Launches Home Loan Protection Cover

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.

Share this news item:

Insurance News

Introducing Backd: Affordable Insurance for Casual and Contract Workers

15 Mar 2026: Paige Estritori

In a significant move to address the insurance needs of Australia's growing casual and contract workforce, TAL has partnered with global insurtech company Cover Genius to launch Backd. This innovative digital-only insurance product aims to provide accessible and affordable life and income protection coverage to workers who have traditionally faced challenges in obtaining such protection. - read more

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

15 Mar 2026: Paige Estritori

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. - read more

Australian Insurers Adapt Investment Strategies in Response to Geopolitical Shifts

07 Mar 2026: Paige Estritori

Australian insurers are actively revising their investment portfolios in response to evolving geopolitical events and economic conditions. According to the 2025 Australian Insurance Report by Janus Henderson Investors, 47% of insurers plan to increase their investment portfolio risk over the next 12 months, with a significant focus on private markets. - read more

AFCA Upholds Policyholder Rights in Income Protection Case

27 Feb 2026: Paige Estritori

In June 2025, the Australian Financial Complaints Authority (AFCA) ruled in favour of a policyholder in a dispute over the duration of income protection payments. The case involved Resolution Life Australasia and centred on the insurer's decision to cease payments earlier than the policyholder expected. - read more

Swiss Re Advocates for Sustainable TPD Insurance Amid Rising Claims

27 Feb 2026: Paige Estritori

In October 2025, Swiss Re, a leading global reinsurer, announced a temporary halt on accepting new life insurance business in Australia. This decision aims to address concerns over the sustainability of Total and Permanent Disability (TPD) products in the market. - read more

Click for more Insurance News

Life Insurance Articles

Navigating Pre-existing Conditions in Income Protection Insurance

Income protection insurance is a safety net that many Australians rely on to secure their financial future in the event of illness or injury preventing them from working. It's a type of policy that provides a replacement income if you are unable to earn your regular income due to a health-related absence from the workplace. - read more

Why Every Australian Entrepreneur Needs Income Protection Insurance

Entrepreneurship in Australia - a landscape overview: The allure of entrepreneurship in Australia is undeniable, with the promise of innovation, personal autonomy, and potentially limitless earnings. However, the path of an entrepreneur is often unpaved and unpredictable. Without the safety nets traditionally provided by corporate employment, Australian entrepreneurs must proactively safeguard their personal finances against the capricious winds of business fortune. - read more

Income Insurance: Common Misunderstandings that Could Cost You

When life throws unexpected challenges your way, income insurance can be a financial lifesaver. Essentially, it's a policy designed to replace a portion of your income if you're unable to work due to illness or injury. Imagine not having to worry about bills piling up while you focus on recovery. That's the peace of mind income insurance aims to provide. - read more

Income Protection vs. Life Insurance: Why You Need Both

Insurance plays a crucial role in safeguarding our financial future. It serves as a safety net, ensuring that we can manage unexpected events without severely impacting our financial stability. For Australian adults, having the right types of insurance coverage is essential for peace of mind and financial security. - read more

Understanding Income Protection Insurance: A Comprehensive Guide for Australians

Income protection insurance is an essential component of financial security for Australians, designed to provide a safety net by replacing a portion of your income if you're unable to work due to illness or injury. Despite its critical role in safeguarding livelihoods, it's often overlooked in personal financial planning. - read more

Start Here !

Apply now for your free Insurance assessment and price comparisons!