440,000 ANZ customers sent court-ordered notice of insurance rip-off

More than 440,000 Australians will today receive notice from the Federal Court advising that they may be eligible to be part of Slater and Gordon’s consumer credit class action against ANZ and insurers, OnePath and QBE.

Slater and Gordon is representing hundreds of thousands of ANZ customers who were sold junk credit card and personal loan insurance that was of little or no value, and that many customers would never have been eligible to claim against.

The insurance was often sold to people with disabilities, people who were unemployed or people who were chronically ill and therefore likely ineligible to claim. The class action alleges that many people were led to believe that the insurance was compulsory or free, while others didn’t even know they had been sold it.

The class action is one of four class actions in the #GetYourInsuranceBack campaign. It was filed in the Federal Court in February 2020.

It comes as Slater and Gordon settled a similar class action in late 2019 that also alleged NAB customers had been mis-sold personal loan and credit card insurance, which saw 50,000 NAB customers compensated $49.5 million.

Slater and Gordon Practice Group Leader Andrew Paull said: “Today’s mail-out to hundreds of thousands of people will bring the total number of court-ordered notices in the Get Your Insurance Back campaign to more than 1.2 million people across Australia.”

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