Learn about insurance

Insurance plays an important part in a financial plan and helps provide financial security for you and your family when it's needed most.

Insurance plays a central role in your financial plan and can help to provide financial security for you and your family when it's needed most.

Knowing which types of insurance to select depends on your circumstances. We explain what to look for.

Helps to protect your family and the people who matter in your life from possible financial hardship if you were no longer there for them or suffered a terminal illness. Death Cover, otherwise known as Term Life Insurance, can give you some peace of mind.

Your ability to earn an income is one of your most valuable assets. Discover how Income Protection Insurance can prove vital if you can’t work due to illness or injury.

We explain the main factors to consider when it comes to taking out insurance to ensure your cover meets your needs and the needs of your loved ones.
The time may come when you need to make a claim on your insurance. We explain why you may need to make a claim and what you can expect at each stage.
When a crisis occurs, your insurance kicks into action. BT offers our insurance customers a dedicated claims team, who aim to make the process quick and easy.

BT’s Term Life Insurance pays a lump sum if you die or are diagnosed with a terminal illness, helping your family recover and maintain their standard of living if you pass away prematurely.

  • Lump sum payable in the event of death or diagnosis of a terminal illness which is highly likely to result in death within the next 24 months

  • Loyalty benefit that provides an additional 5% at claim time once the policy has been in force for more than three years

  • Future Insurability benefit to allow you to increase the cover in the future upon certain life events without being medically underwritten

We have a range of insurance products to protect you and your family

BT offers a comprehensive range of flexible insurance solutions, designed to ensure that you and your loved ones will have financial assistance should the unexpected happen.

We make it easy to access BT Wealth Consultants, who can recommend the products and level of cover that are right for you and your family.

Making a claim can seem daunting, but our dedicated Claims Specialists work with you at every stage to ensure a streamlined process for your claim.

BT Protection Plans and BT Protection Plans for Mortgage Customers are issued by Westpac Life Insurance Services Limited ABN 31 003 149 157 (WLIS), except for Term Life as Superannuation and Income Protection as Superannuation which are issued by Westpac Securities Administration Limited ABN 77 000 049 472 (WSAL) as trustee of the Westpac MasterTrust ABN 81 236 903 448. WLIS and WSAL are wholly owned subsidiaries of Westpac Banking Corporation ABN 33 007 457 141 (the Bank).  The Bank does not guarantee the insurance. This information does not take into account your personal circumstances. Terms and conditions, and limitations and exclusions apply.  Read the Product Disclosure Statement to see if this insurance is right for you.

© BT Financial Group – a division of Westpac Banking Corporation ABN 33 007 457 141 AFSL and Australian credit licence 233714