To assist our life insurance customers adversely impacted by the recent floods we are offering a Flood Assistance Package which provides eligible customers up to 3 months premium waiver, effective the next payment date (note: customers who pay premiums annually and half-yearly will receive a pro rata waiver in future).
Our claims team want to support you during this time and can provide additional support with your new or ongoing claim by making advanced payments of your benefit and helping to gather any necessary claim requirements.
Eligible policy holders can apply for this assistance from 1 April 2021 until 30 September 2021.
To access the Flood Assistance Package, please contact your financial adviser or contact us directly by phoning 1300 553 764 from Monday to Friday, 8:00am – 6:30pm (AEST).
You will need to provide evidence that you are receiving/have received government assistance. Please see the Terms and Conditions below for more information.
The Flood Assistance Package is available for our life insurance customers until 30 September 2021.
Eligible customers will receive up to 3 months premium waiver effective the next payment date (note: customers who pay premiums annually and half-yearly will receive a pro rata waiver in future).
Cover will continue while premiums are being waived under this package.
To be eligible for the premium waiver, customers must:
Once satisfactory evidence is received we will apply the premium waiver on the policy and confirmation will be provided to the customer.
Policy holders who do not meet the above criteria will be assessed on a case by case basis for assistance.
The Insurer of Protection Plans is Westpac Life Insurance Services Limited (WLIS) ABN 31 003 149 157, except for Term Life as Superannuation and Income Protection as Superannuation which are issued by BT Funds Management Limited ('BTFM') ABN 63 002 916 458, AFSL Number 233724 as trustee of the Retirement Wrap ABN 39 827 542 991. WLIS and BTFM 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.