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Aussie has joined forces with ALI Group and MetLife to create an innovative insurance offering, the Aussie Mortgage Protection Plan (MPP), which is currently being piloted in South Australia, with a national roll-out due in January 2014. The new insurance offering is uniquely integrated into Aussie’s mortgage sales software, Toolbox, making the product easy to offer, with the push of a button.

“The Aussie Mortgage Protection Plan is of enormous value to both our customers and brokers, who no longer need to fill out separate application forms, should they wish to take up our insurance offering. Our software integrates the data from their mortgage details, saving time for both customer and broker,” says Aussie’s Head of Product Andy Wright.

He continues: “The partnership with ALI is a benefit to Aussie, which can now offer market leading insurance solutions, while ALI has the added value of increased market penetration through access to Aussie’s customers. All going well, MPP will be rolled out nationally early next year.”

The new Aussie Mortgage Protection Plan has all the advantages of ALI’s insurance offering. This includes cover up to age 99 for loss of life and terminal illness, automatic 30% of cover, up to age 65 for specified critical illness and involuntary unemployment for the first 12 months. This offers additional protection when customers most need it. There is also the option of joint cover at different benefit levels, and it also incorporates the option of flexible cover choices for customers who can nominate a monthly premium amount and cover according to their budget.

“ALI Group is excited to launch Aussie Mortgage Protection Plan with Australia’s most recognised broker group. ALI specialises in the distribution of insurance products through mortgage brokers. Integration of insurance into the mortgage broker’s processes makes it easier for the broker to offer insurance and improves customer take up of an important benefit. It is pleasing to see the investment by Aussie and ALI in systems integration is already delivering benefits in the SA pilot,” said Ray Hair CEO ALI Group