Facts & Figures
BT Protection Plans are arranged by BT Portfolio Services Limited and the insurance is provided by Westpac Life Insurance Services Limited.
How much did BT pay out last year?
In 2010, the Insurer of BT Protection Plans paid over $101 million in life insurance claims, providing financial assistance to over 1,020 customers and their families during difficult times. These claims covered a diverse range of ages and industries.
That’s:
- around $62 million in claim to help families cope with the loss of a loved one
- $30 million to help our policyholders manage through sickness and injuries
- regular payments totalling more than $10 million paid to our income protection customers.
We see all kinds of claims, from people across the country.
Age
During 2010 we paid claims on a national basis for people aged as young as 22 and as old as 81.
Occupation
We paid claims to people working in fields ranging from white collar professionals to those in the building, farming and mining industries.
Gender
Around 39% of our national claims were paid to females.
Here are just a few examples of the claims we paid:
| Type of claim | Death | Living | TPD | Income Protection |
| Occupation |
Company Director
|
Sales Consultant
|
Registered Nurse
|
Graphic Designer
|
| Age at Claim |
69
|
40
|
50
|
32
|
| Years in Force |
8 years
|
5 years
|
18 years
|
2 years
|
| Amount Paid |
$2,182,078
|
$119,867
|
$121,667
|
$54,915
|
| Cause of Claim |
Cerebrovascular Accident
|
Major Head Trauma
|
Melanoma
|
Anxiety
|
Learn more about claims
- What is our claims philosophy?
- What should I consider when making a claim on insurance?
- Facts & Figures – how much did we pay out last year?
- I need to make a claim, who do I contact?
- Can BT help me rehabilitate from a claim?
BT Portfolio Services Limited ABN 73 095 055 208, AFSL No. 233715 (BTPS) arranges the issue of the BT Life Protection Plans (Wrap and Wrap Essentials) by Westpac Life Insurance Services Limited ABN 31 003 149 157, AFSL No. 233728 (Westpac Life).
BTPS administers BT Life Protection Plans (SuperWrap and SuperWrap Essentials). BT Funds Management Limited ABN 63 002 916 458 is the trustee and issuer of SuperWrap and Westpac Life is the insurer.
Westpac Banking Corporation ABN 33 007 457 141 is a distributor and is not responsible or liable for payments under BT Life Protection Plans.
Did you know?
Living Insurance (sometimes referred to as trauma insurance or critical illness) pays a lump sum benefit if you suffer from one of a range of specific medical conditions such as cancer, a heart condition or loss of a limb
Income Protection insurance replaces up to 75% of your income while you are unable to work due to sickness or injury.
