Franchisees of Zobel Loans Pty Ltd ABN 21 121 542 336 (‘Zobel’) refer clients who are interested in insurance products to Credit Union SA Limited (‘Credit Union SA’) ABN 36 087 651 232 AFSL 241066 as agent of Credit Union SA. In arranging insurance products underwritten by Allianz Australia Insurance Limited (‘Allianz’), ABN 15 000 122 850 AFSL 234708, Credit Union SA acts as agent of Allianz.
If your insurance policy is arranged by Credit Union SA as agent of Allianz, you will have to pay a premium or premiums to Allianz, details of which are set out in the policy documents for those products. If you purchase a policy with Allianz through Credit Union SA, Allianz pays Credit Union SA commission at rates which range from 5% to 22.75% of the premium.
Upon receipt of the commission from Allianz, Credit Union SA pays 30% to Zobel’s, 40% to the franchisee of Zobel’s that referred you to Credit Union SA for insurance products and the balance to Credit Union SA.
Any information on this website is general in nature and does not take into account your individual financial circumstances or needs. We recommend that you read the Product Disclosure Statement to determine whether the product(s) meet your needs. A Product Disclosure Statement can be obtained from any Zobel or Credit Union SA office.
We are Authorised Representatives of Insurance Australia Limited ABN 11 000 016 722 trading as SGIC, which holds an Australian Financial Services Licence authorising us to arrange certain general insurance products and a range of Business Insurance products
Ask us for a Product Disclosure Statement (PDS). When you buy certain insurance policies we will give you a PDS, which you should consider before making decisions about those products.