BT Lifetime Super - Employer Plan Insurance cover

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By providing your employees with insurance cover through the BT Lifetime Super Employer Plan, you give them a number of benefits:

  • Access to group insurance rates.
  • Cover for death, death and Total Permanent Disablement (TPD) and Salary Continuance Insurance (SCI).
  • Continuous cover as long as they remain eligible for insurance and premiums are paid, regardless of any deterioration in their health.
  • Cover may be set up with an automatic acceptance limit so most of your employees will not need to give medical evidence to obtain cover.

Insurance choices

Our flexible insurance arrangements mean you can decide which insurance benefits are provided for your employees, or allow your employees to select the amount of cover that suits their needs.  Remember that in a Choice environment, the minimum insurance cover required to be offered to members of the default super plan is either $0.50 per week premium for Death Only cover, or an age-based level of Death Only cover, as outlined in the table below:

Age Minimum cover required
20 to 34 years $50,000
35 to 39 years $35,000
40 to 44 years $20,000
45 to 49 years $14,000
50 to 55 years $7,000
56 years and over Nil

You can also offer different insurance options for different groups of employees. 

  • Standard cover
    You may specify a standard basis or formula of insurance for all employees (prescribing the type of insurance and amount of cover), or you may set up a different formula of insurance for each chosen category of employees
  • Employee choice
    Each employee can elect their own type and amount of cover, subject to a minimum of $50, 000 for death or death and total and permanent disablement cover.

More information?

For more information on insurance options and other details about what the BT Lifetime Super - Employer Plan can offer you and your employees please download the Product Disclosure Statement.

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