Ratings house Canstar has awarded Asgard an Innovation Award for its Mortgage Acceptance Cover product.
In making the award, Canstar noted that the product was different to anything else available in Australia, and offered death and total and permanent disability (TPD) cover up to $500,000 without any underwriting.
"The big difference with this product is that it is available irrespective of which lender you borrow from," the ratings house noted.
Canstar said it examined 49 products released over the last 12 months that it considered unique.
