CardProtect
Citibank invites you to enjoy the benefits of NEW CardProtect - comprehensive credit card protection insurance created exclusively for Citibank customers.
CoreCover
- Cover designed to protect your Citibank credit account repayments in the event you cannot make them.
- CardProtect offers features which are a first for insurance in Australia including a lump sum payment for defined 'life events' such as marriage, a new baby or the purchase of a new home.
- CardProtect costs a low 59c per month per $100 of your Citibank credit account's closing balance.
Benefits
Six great reasons to choose CardProtect
- Comprehensive cover
CardProtect provides comprehensive protection for your credit account repayments. - Life Events Benefits
CardProtect provides benefits for some of life's everyday events such as when you get married, have or adopt a child, buy a new home, or leave your job. - Peace of mind
Provides you with cover up to $50,000 in the event of your death or up to $100,000 if your death is as a result of an accident. - The assurance of covering your repayments during tough times
In the event of your involuntary unemployment you can be covered. - Affordable monthly premiums
CardProtect costs a low 59c per month per $100 of your Citibank credit account's closing balance. - Guaranteed cover
All Citibank credit account holders aged 18 years or older and less than 64 years of age, who are Australian citizens or permanent residents, are guaranteed cover.
Benefit Limits
| Nature of benefit | Main limits and conditions on benefits* |
| Life events benefit | A single payment of 5% of the outstanding balance (up to a maximum outstanding balance of $20,000). |
| Voluntary redundancy benefit (cover available under Redundancy / Resignation benefit) | A single payment of 5% of the outstanding balance (up to a maximum outstanding balance of $20,000). |
| Voluntary resignation benefit (cover available under Redundancy / Resignation benefit) | A single payment of 5% of the outstanding balance (up to a maximum outstanding balance of $20,000). |
| Involuntary unemployment benefit (cover available under Redundancy / Resignation benefit) | 5% of the outstanding balance per month payable for up to 6 months (up to a maximum outstanding balance of $40,000). |
| Total and temporary disablement benefit | 5% of the outstanding balance per month payable for up to 6 months. |
| Death benefit | The outstanding balance subject to a maximum outstanding balance of $50,000. |
| Accidental death benefit | The outstanding balance subject to a maximum outstanding balance of $50,000. This benefit is in addition to the death benefit. |
How to Apply
To purchase CardProtect Insurance:
- Print the CardProtect application form
- Call 13 24 84 and press 0 to purchase over the phone (there are no forms to fill out).
Information you require to purchase:
- Your Citibank credit account number
- Your personal details
You may be eligible for cover if you:
- Have a valid Citibank credit card or revolving credit account
- Are aged 18 years or older and less than 64 years of age
- Are an Australian citizen or permanent resident of Australia.
- View the Product Disclosure Statement of CardProtect (Adobe PDF, 233kb).
- View the Insurance Financial Services Guide (Adobe PDF, 139kb).
The issuers of CardProtect are AIA Australia Limited ABN 79 004 837 861 AFSL No. 230043 and Great Lakes Reinsurance (UK) PLC ARBN 127 740 532 ABN 18 964 580 576 AFSL No. 318603. The distributor is Citigroup Pty Limited ABN 88 004 325 080 AFSL No 238098. This material contains general advice only and does not take into account your individual objectives, financial situation or needs, and you should consider whether it is appropriate for you. Please read the Product Disclosure Statement to decide if the policy is right for you.