BT insurance solutions

BT offers a range of flexible insurance solutions, designed to help protect you and your loved ones should the unexpected happen.

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

Helps to protect your family and the people who matter from possible financial hardship if you were no longer there for them or suffered a terminal illness.

A permanent disability could radically alter the life of you and your family – with Total and Permanent Disability (TPD) cover in place you will have financial assistance.

Provides financial support if you suffer a specified medical condition such as cancer, a heart attack or stroke.

Why BT?

BT has been named Australia’s best life insurance company, with award winning products and claims experience*. Life has a habit of dishing up curveballs. BT Protection Plans help protect what you’ve worked hard to build up and help you, and your family, stay on track to prepare for the best.

Term Life Insurance

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.

Features & benefits

  • 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

Income protection insurance

Provides an income stream to assist you in continuing to meet your everyday living expenses if you are unable to work, due to sickness or injury.

Features & benefits

  • Market leading flexible policy terms to support your recovery

  • Choose from standard and Plus cover, providing a range of additional benefits

  • Rehabilitation and retraining benefits to help get you back on your feet

  • Loyalty benefit – a premium free $50,000 death benefit once the policy has been in force for more than three years

Living Insurance

BT’s Living Insurance provides financial support if you suffer a specific medical condition like cancer, a heart attack or a stroke.

Features & benefits

  • Full benefit payable for a long list of diseases and injuries, with market leading up to date definitions

  • Partial benefits providing payments of up to $100,000 in the event of less serious diagnosis

  • 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

Total and permanent disability insurance

BT’s TPD Insurance pays a lump sum in the event you become totally and permanently disabled and are unlikely to work again.

Features & benefits

  • Choose the definition that’s right for you; Own occupation, Any occupation, Home maker or General

  • Use super to pay for premiums by owning the cover inside super, and use super-linking options to top up definitions with cover outside super

  • 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

Protection Plans for Mortgage Customers (PPMC)

Enjoy peace of mind knowing help is available to let you continue to pay off your home loan if you suffer a terminal illness or die, or cannot work due to sickness or injury.

Features & benefits

  • Simple cover designed specifically to help protect your home loan

  • Term Life option provide a lump sum payout in the event of death or terminal illness

  • Income Protection option pays a regular benefit if you can’t work due to sickness or injury

Business overheads insurance

Helps you continue to run your business if you are unable to work, due to sickness or injury.

Features & benefits

  • Can be used to pay business expenses like rent, utility bills or insurance premiums

  • Keeping your business running if you cannot work

Key person income

Cover up to 5 key people in your business if they become disabled due to sickness or injury.

Features & benefits

  • Minimise financial impact to business cash flow

  • Pay for recruitment and training to replace a key person

  • Assist with short term repayment of debt

  • Protection of business assets

  • Assist with the key person’s gradual return to work

Additional insurance options

BT offers other insurance solutions to provide for your specific needs.

Features & benefits

  • Needlestick Benefit if you’re a doctor or medical professional at risk of occupationally acquiring HIV or hepatitis B or C.

  • Children’s benefit to help ease the financial impact if your child dies or is diagnosed with a serious medical condition.

  • Homemakers cover to benefit homemakers if they become severely disabled  and they are unable to perform their normal household duties.

Contact a BT Wealth Consultant to discuss BT’s insurance options

BT’s team of Claim Specialists will be with you every step of the way to guide and support you through our straightforward claims process. 

Find all the paperwork you need to manage your BT Insurance, arrange cover, or make a claim.

Use our Online help centre as a quick and easy way of organising, arranging or altering your BT Insurance.

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.

*AFA/Plan For Life Awards 2015
> Platinum Award - 2015 Life Company of the Year
> Claims Team of the Year Team Award
> Income Protection Insurance Award: Income Protection Plus

World Finance Global Insurance Awards 2015
> Best Life Insurance Company, Australia

AB+F Insurance Awards 2014 & 2015
> Life Insurance Product of the Year - Protection Plans

C-MAP Mark of Excellence
A*  Rated Claims Customer Experience
2011 – 2016

FSC Life Insurance Awards 2016
> Consumer Innovation Award: Advanced Terminal Illness Benefit

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