Loan Protection Insurance

As required under Section 6A(b) of the Loanminder Loan Protection Insurance policy, we wish to advise current insured members that notice has been given to end this group policy with Co-Op Insurance NZ.

There will be no significant changes to the covers offered under the First Credit Union Loan Protection products and we will update you on a replacement policy on this page.


Protecting your loan against unforeseen events is a cost effective and sensible thing to do!

Having your loan repaid in the event of your death means your family won't have to worry about the repayments themselves. They'll have enough to deal with as it is.

We can also help cover your loan repayments if you are unfit to work or if you've been made redundant or bankrupt.

Claims are processed quickly and premiums reduce each month as your loan balance reduces.

Cover can be applied for at the time of your loan so talk to your lending consultant about which covers may be right for you. Cover is subject to underwriting.

For more information read our Loan Protection Insurance Certificate - a detailed summary of the cover benefits, including conditions, exclusions and limitations.


Simply contact us if you have any questions, we're here to help.


Loan Protection Insurance is underwritten by Co-op Insurance NZ.
Co-op Insurance NZ is the trading name of Credit Union Insurance Limited, an insurer licensed by The Reserve Bank of New Zealand under the Insurance (Prudential Supervision) Act 2010.


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