Life Protection (Life)

What is it?
If you die it pays a lump sum into your super.

Who may need it?
People with any debts, (for example mortgages and loans) and financial dependants.

Total & Permanent Disablement (TPD)

What is it?
If you're unable to work due to a permanent injury or illness it pays a lump sum into your super account.

Who may need it?
People with ongoing medical expenses and other financial commitments.

Salary Continuance Insurance (SCI)

What is it?
If you're temporarily unable to work due to an injury or illness, it usually pays a percentage of your Income.

Who may need it?
People with ongoing expenses like mortgages, personal loans and financial commitments.

What is your default cover?

As a Rabobank employee and member of BT Super you have been provided with a default level of Death and Total & Permanent Disablement (TPD) cover and Salary Continuance Insurance (SCI).

The default level of cover that you have been provided will depend upon your employment category. The categories are outlined in the table below.

Death and Total Permanent Disablement (TPD)

Employee Category
Permanent Employees

Insurance cover
15% x salary x years to age 65

Death and Total Permanent Disablement (TPD)

Standard cover is the default age based scale of Death and Total & Permanent Disablement (TPD) cover that will apply to eligible members. It is designed to provide a simple, low cost, basic level of cover that increases or decreases depending upon a member's age. It provides up to $300,000 of cover automatically, without the need for medical checks (please refer to the PDS for more information). You may also apply for cover above this limit.

If you have more questions or just need a guiding hand, please contact our Customer Relations team on 132 135 (open Monday to Friday, 8am to 6:30pm AEST).

Automatic Acceptance Levels (AAL)

Automatic Acceptance provides you with cover up to certain levels (see below) without the need for you to provide a personal statement or any underwriting evidence. Such evidence is normally required by insurers to assess the risk of providing cover.

  • The Automatic Acceptance Level* for the Rabobank Staff Super Fund is up to $1,200,000 for Death and TPD.
  • Where you are eligible for automatic acceptance, your cover will commence from when you join Rabobank, providing  Rabobank advises BT of your full details within 120 days of you first becoming employed by Rabobank **

* AAL based on at least 100 eligible members joining the Rabobank Staff Super Fund
** Employee members joining 'BT Lifetime Super - Employer Plan' - more than 120 days from joining their Participating Employer or after the establishment of their employer plan will receive New Events cover for 12 months. At the end of the 12 month period, full cover is provided subject to the Member being at work for 30 consecutive days

Need help?

More information can be found in the Product Disclosure Statement.

If you have more questions or just need a guiding hand, please contact our Customer Relations team on 132 135 (Monday to Friday, 8am to 6:30pm AEST) or via email customer.relations@btfinancialgroup.com.