Insurance options

For your peace of mind, you can help safeguard your financial security in case of sickness, injury or death. If you 'bundle' your insurance needs together with your super, you may gain tax advantages and could pay lower premiums.
Maria's story: super and insurance
Meet Maria
Maria is 34. She holds a super fund account with her employer. She combines her death, permanent disability and salary continuance insurance with her employer-sponsored super.
  
Premiums
As Maria's insurance premiums are calculated on 'group' rates, they may be lower than the premiums she would normally pay on an individual insurance policy.
Salary continuance
Maria's salary continuance insurance can replace up to 75% of her gross monthly salary for up to two years if she is unable to work due to sickness or injury.
 4 white stones held in a cupped hand.
Pre-tax dollars
Maria pays her premiums using pre-tax dollars from employer contributions. The annual insurance premiums are deducted from her super contributions, which could be a tax-effective way for Maria to pay for insurance.
Total and permanent disability
This insurance provides a lump sum should Maria become totally and permanently disabled and unable to work again.
  
Beneficiaries
If Maria dies, her super account balance, as well as her insurance payout, will go to her dependants or her estate.

With the abolition of Reasonable Benefit Limits (RBLs) from 1 July 2007, Maria's super can pass to any 'tax dependants' tax-free.
Find out more about investment
Find a financial adviser using BT's Adviser Referral Program.
Learn about BT's super funds.