Launched in partnership with CGU Insurance, the offer will see customers receive an email with a link to generate an online insurance quote (with options available for building, contents, and building and contents insurance) on approval of their new or refinanced home loan.
Once finalised and paid for, HashChing will rebate 25 per cent of the written premium (excluding GST and taxes) for the first year to those who settle within three months of the policy period.
HashChing CEO Mandeep Sodhi commented: “Saving money for our customers is at the heart of our business, and now that we’ve conquered the process of offering the best home loan deals on the market, securing a great deal on home insurance – which is mandatory for property purchases – is our next target.
“We’re always looking for ways to make the home loan process smoother and more efficient, and by offering a healthy discount from well-respected insurance provider CGU Insurance, we’re eliminating that last source of friction for home loan settlement on behalf of our customers.”
CGU Insurance’s national relationship manager Stephen Hamilton said the company was “pleased to partner with HashChing to offer mortgage customers the option to take out home insurance”, adding: “At CGU, we’re always looking for ways to help customers and provide a seamless experience, and this is a great example of that.”
Annie Kane is the editor of The Adviser and Mortgage Business.
As well as writing about the Australian broking industry, the mortgage market, financial regulation, fintechs and the wider lending landscape – Annie is also the host of the Elite Broker and In Focus podcasts and The Adviser Live webcasts.