Q Card Repayment Insurance

Relax knowing that your Q Card repayments are covered if you can’t work due to an accident, illness or redundancy.

It costs just 81 cents

It costs just 81 cents for each $100 of your closing balance each month. And only 55 cents for each $100 of your closing balance each month during the payment holiday period. So if you owe nothing, no premium is charged.

Up to $20,000 cover if you’re made redundant*

If you are a permanent full-time employee and made involuntarily redundant and are unable to work for at least 30 consecutive days or more; this Policy could ensure your Card repayments are covered up to the lesser of:

a) $20,000 for all closing balances taken together

b) The total of your closing balances at the date you become redundant

c) 6 months i.e. your minimum payments due for 6 months

Up to $20,000 cover if you’re declared bankrupt*

If you’re declared bankrupt your closing balance, at the date of bankruptcy, may be
repaid in one lump sum up to a maximum of $20,000.

Up to $20,000 cover for temporary or permanent disablement*

If an accident or illness prevents you from working for 30 consecutive days or more;

then this Policy could ensure your Card repayments are covered up to the lesser of:

a) $20,000 for all closing balances taken together

b) The total of your closing balances at the date you become disabled

Up to $20,000 cover for terminal illness or death*

In the event you are diagnosed with a terminal illness or your passing, this Policy could ensure your
closing balance, at the time of the event, is repaid in one lump sum up to a maximum of $20,000.

 

For full terms and conditions please view the policy. For more information call 0800 855 333.