Income Protection insurance

Assists you in continuing to meet your everyday living expenses if you are unable to work due to sickness or injury.

Why BT Income Protection insurance

BT’s award winning* Income Protection insurance replaces up to 80% of your monthly income so you can continue to meet your day-to-day living expenses until you get back on your feet.

  • 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

*AFA/Plan For Life Awards 2015
> Income Protection Insurance Award: Income Protection Plus

Features and benefits

Take a look at why BT Income Protection insurance can form a part of your financial plan.

Peace of mind

BT Income Protection insurance helps you to cover your expenses if you are unable to work due to a sickness or injury, giving you the time to focus on your health and recovery. You can use the money to pay rent or mortgage payments, living and medical expenses, education costs or other expenses.

Choose your cover

BT Income Protection insurance allows you to choose when your cover starts, how long you are covered for and how much of your salary is protected. 

Guaranteed continued cover

All BT Protection Plans are guaranteed to continue for the term specified. This means that as long as you continue to pay your premiums, your cover will continue, even if your circumstances change.

Product upgrades

All new product upgrades, that don’t result in an increase in premiums, are automatically applied to your existing policy so you continue to hold the most up-to-date BT Protection Plans product available.

Your payment, your choice

You choose what you use your monthly benefit for, such as to pay your rent, mortgage or medical expenses. 

Claiming made easier and faster

A dedicated BT Claims Consultant, to help you every step of the way, making your claims experience as easy and straightforward as possible. For selected Income Protection claims, we may be able to assess your claim on the spot, over the phone. 

Low-cost fees

Around $2.80 a day could provide Income Protection cover worth about $3,000 per month, and the premium may be tax deductible1.

1Based on rates for BT Protection Plans current as of June 2016. Cost based on Income Protection insurance for a 45 year old, non smoking, male administrator living in NSW paying a stepped annual premium, with a 30 day waiting period benefit to age 65, indemnity cover.

Contact a BT Wealth Consultant to discuss Income Protection insurance

The Issuer is Westpac Life Insurance Services Limited ABN 31 003 149 157 AFSL 233728 (WLIS), except for Term Life as Superannuation and Income Protection as Superannuation which are issued by BT Funds Management Limited ABN 63 002 916 458 AFSL 233724 (BTFM) 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. Please read the Product Disclosure Statement to see if this insurance is right for you.

© Westpac Banking Corporation ABN 33 007 457 141 AFSL and Australian credit licence 233714