Credit Protection Insurance

Protection for your home loan

  • 24/7 cover, not just while you are working
  • Involuntary unemployment benefits paid regardless of payouts from your employer
  • Early payments in the event of a terminal illness diagnosis

Be prepared for the unexpected

Buying a house is meant to bring you joy, not stress. Credit Protection insurance from our partner St Andrew's can help ease the stress by covering your home loan repayments if you are unable to work due to injury or sickness, if you suddenly lose your job, or even worse if you were to pass away.

With Credit Protection insurance:

  • Your Life benefit will remain fixed during the term of your cover rather than reducing with your outstanding loan balance
  • Receive an early repayment of your Life benefit in the event of a diagnosed Terminal Illness
  • You're covered 24hrs, every day of the week, not just while you are working
  • After a 30 day excess period on Accident & Sickness or Involuntary Unemployment claims, regular benefits will be paid until you return to work or the maximum benefit limits are reached
  • Involuntary unemployment benefits are paid regardless of any other payouts from your employer

We can arrange Credit Protection for your home loan through our business partner, St Andrew's Insurance (Australia) Ltd.



Credit Protection is issued by St Andrew’s Insurance (Australia) Pty Ltd ABN 89 075 044 656 AFSL 239649 and St Andrew’s Life Insurance Pty Ltd ABN 98 105 176 243 AFSL 281731 (collectively referred to as St Andrew’s) and is distributed by Bankwest. The product is not a product of, nor guaranteed by Bankwest. Any advice provided is general only and is not based on any consideration of your objectives, financial situation or needs. To decide if the product is right for you and for full details of the terms, conditions, limits and exclusions that apply to Credit Protection, please read the Product Disclosure Statement (PDS). A PDS is available from your nearest Bankwest store. St Andrew’s is not an Authorised Deposit Taking Institution. Bankwest will receive a commission payment of up to 20% of the premium for arranging a policy sale. This is optional insurance and you are free to arrange similar cover with another insurer.

Bankwest SWIFT code: BKWAAU6P | Find your BSB by logging into Online Banking.

© 2017 Copyright Bankwest, a division of Commonwealth Bank of Australia (Bankwest) ABN 48 123 123 124 AFSL / Australian credit licence 234945. All rights reserved. To use this Website, you are required to read the Financial Services Guide (which you agree to be provided by accessing the link). Bankwest is a division of Commonwealth Bank of Australia, which is the product issuer unless otherwise stated. Rates stated are subject to change without notice. Any advice given does not take into account your objectives, financial situation or needs so please consider whether it is appropriate for you. For deposit and payment products, please ensure you read and consider the Product Disclosure Statement (which you agree to be provided through this link) before making any decision about the product(s). For lending products, lending criteria and fees and charges apply. Terms and conditions apply and are available on request.