Good Insurance

Good Insurance

One in five adults in Australia goes without general insurance protection for their household contents, car or home. Many of these people are uninsured, not because they don’t want insurance, but because they can’t afford traditional cover.

For these people, replacing essential items like computers and whitegoods or repairing a car, can cause financial hardship and significantly disrupt  their daily lives – often these items are simply too expensive to replace.

Good Shepherd Microfinance’s Good Insurance program works with Australia’s largest insurance companies to create affordable and simple insurance policies for people on low incomes. These products enable people to insure their household belongings or cars, so they’re protected if things go wrong.

If an insurance policy has been developed with Good Insurance, you know it has been designed for the customer, that it has affordable premiums with no or negligible excesses, and that there are flexible payment options available.

Good Insurance co-created Australia’s first two insurance products designed for people on low incomes.

Essentials by AAI, developed with Suncorp, allows customers to comprehensively insure their car, their home contents or both. Customers can also choose to pay premiums annually, or in monthly or fortnightly instalments, and use Centrepay to manage payments.

Essentials by AAI, has won awards for innovation at the Australian Insurance Industry Awards the Canstar Awards, Money Magazine Awards and the AB+F Insurance Awards.

You can find out more about Essentials by AAI through selected community organisations that are part of Good Shepherd Microfinance’s national provider network or by calling 1800 429 598.

Insurance 4 That, developed with Insurance Australia Group (IAG), is a single-item insurance solution. It provides an alternative to traditional contents insurance by enabling people to insure individual items and nominate the insured value of these items. It also gives customers the option to take out additional cover for portable items against theft anywhere in Australia, and comes with flexible payment options.

Essentials by AAI<br />
2016 Innovation of the Year

Essentials by AAI
2016 Innovation of the Year

Latest News from Good Insurance

14 October 2016

Shared Value Awards for Good Shepherd Microfinance and its partners

Good Shepherd Microfinance has been recognised for its leadership at the Shared Value Awards, taking home the ‘Civil society organisation leading through shared value’ award.

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1 October 2015 Media Release

Innovative, affordable product to increase insurance accessibility

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6 September 2016

Co-created insurance wins innovation award

Essentials by AAI, Australia’s first insurance product for people on low incomes, has won another award, taking out Insurance Innovation of the Year at the Insurance Industry Awards.

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29 July 2013 Media Release

What price should we have to pay for peace of mind? Improving insurance access and affordability for people on low incomes

New report calls for a review of the lack of access and affordability of insurance.

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