redundancy insurance

In the event you are made involuntarily redundant, you may be able to access the following policy features:

Involuntary unemployment benefit:

• We will pay your monthly lease payment of up to $1,500 per month up to a maxium of 3 (three) monthly lease payments following a one month waiting period.

 Involuntary unemployment choice "gap" benefit:

• If we have paid 3 (three) monthly lease payments under the involuntary unemployment benefit you can then choose to end the lease or keep the vehicle and be responsible for payments.
• If you choose to end the lease and give the vehicle back to the lessor we will pay the lessor the difference between the lease pay out and the sale price of the vehicle up to $10,000.

*Conditions apply, call nlc insurance on 1800 643 044.

General Advice Warning - Our insurance products are offered to you under a General Advice service. This means that whilst we may generally recommend the products we distribute, we do not consider whether the product is appropriate for your own personal objectives or financial situation in making the recommendation. You need to consider the appropriateness of any information or general advice we give you, having regard to your personal situation, before acting on our advice or purchasing any product. 

nlc pty ltd is the Corporate Authorised Representative Number 302594 of nlc insurance pty ltd. Australian Financial Services Licence Number 319038 
nlc Redundancy Insurance is underwritten by ACE Insurance Ltd (Lease Protector) and Calliden Insurance Limited (Lease Guarantee) in conjunction with Vehicle Insurance Underwriters Pty Ltd.
Both policies provide the same protection (as outlined above).  For full deatils of the terms, conditions and definitions please refer to the relevant Product Disclosure Statement (PDS) below:

Click here to view the Lease Guarantee PDS
Click here to view the Lease Protector PDS