Novated lease
It’s impossible to make insurance exciting, but at least Oly makes it easy…
Accidents happen. Oly makes sure you’re covered.
Part of choosing your Oly leasing package is deciding on the kind of insurance you need. Whatever you pick, Oly will make sure you feel like you’re wearing an invisible helmet made of fur; comfortable and protected.
Insurance options
Comprehensive insurance
This pretty much covers anything that might happen to your car, whether it’s damaged in an accident (your fault or not), stolen, or pummelled by a hail storm.
Lease protection insurance
If you lose your job or something else unexpected happens, lease protection insurance covers your car payments and driving expenses for up to 10 months, or until you find new employment, or until the end date of the lease, whichever is earlier.
Guaranteed buy back insurance
At the end of your lease, if the residual payment owing to Oly is more than the market value of your car, you’ll be covered for the difference.
Total loss assist insurance
Covers the difference if your car is written off and the insurance payout isn’t enough to pay out your lease.
The fine print
Oly’s put together the info on this page, including the summaries of each of the insurance products, without taking into account your personal financial situations or needs. For all the product terms and conditions please read the relevant Product Disclosure Statements. The Financial Services Guides will also explain the services that Oly provides as an Authorised Representative of the insurers.
Important documents
If you’re having trouble accessing any of these documents, get in touch and Oly will organise copies for you by another method.
For your reference Oly suggests hanging onto copies of these Product Disclosure Statements and Financial Services Guides with your lease documentation.
Product Disclosure Statements (PDSs)
Download and read the Product Disclosure Statements for all the details, terms and conditions of each of the insurance products.
Product Disclosure Statement - Allianz Motor Vehicle Lease Insurance (Comprehensive Policy) - Issued August 2021
Product Disclosure Statement - Pacific International Insurance Motor Vehicle Lease Insurance Options Policy (combined PDS and FSG) - Issued April 2024
Financial Service Guide (FSGs)
These Financial Services Guides explain the services that Oly provides as an authorised representative of various providers.
Financial Services Guide - Allianz Motor Vehicle Lease Insurance - Issued May 2024
Financial Services Guide - Pacific International Insurance Motor Vehicle Lease Insurance Options Policy (combined PDS and FSG) - Issued April 2024
Target Market Determinations (TMDS)
These documents describe the target markets, distribution conditions and other information about these insurance products.
Target Market Determination – Allianz Motor Vehicle Lease Insurance (Comprehensive Policy) - Issued June 2022
Target Market Determination – Pacific International Insurance Motor Vehicle Lease Insurance Options Policy - Issued March 2024
Important information
Insurance
If you chose any of the optional novated lease insurance products, it is included in the cost of your lease. You will receive your policy document when you enter into your lease. Oly Pty Ltd (69 674 252 629 ) (Oly) is authorised by:
• Allianz Australia Insurance Limited (ABN 15 000 122 850, AFSL 234708) to provide general advice on and arrange Motor Vehicle Lease Insurance(Comprehensive Policy) issued by Allianz.
• Pacific International Insurance (ABN 83 169 311 193, AFSL 523921) to provide general advice on and arrange Motor Vehicle Lease Insurance Options Policy issued by Pacific International Insurance.
Insurance disclosures
The Product Disclosure Statement (PDS) for each insurance product includes the full terms and conditions and the Financial Services Guide (FSG) includes information about the financial services Oly provides.The Target Market Determination (TMD) describes the target market for each insurance product, the distribution conditions and other information about these insurances. You can obtain these documents by visiting our website or contacting us at 1300 328 182 or [email protected]
Things you need to know: This webpage does not constitute financial product advice. This general information doesn't take your personal circumstances into account. Please read the PDS and consider whether this information is right for you before making a decision and seek professional independent tax and financial advice. Conditions and fees apply, along with credit assessment criteria for lease products. The availability of novated leasing is subject to your employer's approval. Oly may pay and/or receive commissions in connection with its services.