For new stepped premium BT Protection Plans lump sum policies

During these uncertain times, protecting your clients is vital but we recognise that affordability may be an issue. So to help you and your clients, we’ve extended our premium discount offer until 31 March 2021.

This means you can continue to deliver extra value and flexible protection to your clients, who will save 25% on the first year’s premium for new BT Protection Plans Term Life, Total and Permanent Disablement (TPD) and Living Insurance policies with stepped premiums.

That’s effectively 3 months of free cover. Plus the 25% discount applies in addition to all other available discounts.

How to access the offer 

The 25% discount applies to all eligible policies quoted until 31 March 2021.

It will be automatically applied through BT’s quote software LifeCENTRAL+, and through premiums modelled in Iress Risk Researcher and other adviser research software.

We have a comprehensive toolkit to help you manage clients as they come to the end of their premium discount period after year 1.

For more information about the offer, refer to our Frequently Asked Questions (FAQs).

With flexibility in their structure and ownership, BT Protection Plans are available inside and outside superannuation, on and off platform and through flexible linking arrangements.


Our award-winning1 Underwriting and New Business teams are here to help you protect your clients faster.


Our Claims team has been recognised and awarded for innovation, service and experience2, with award-winning health support programs available3.

Term Life pays a benefit if the insured person dies or suffers a terminal illness.

There are four definitions of TPD cover. TPD is available as a standalone policy, as an additional benefit on a Term Life policy, or under Flexible Linking. 

It provides a lump sum payment in the event of a serious illness or injury. It’s available as a standalone policy, as an additional benefit on a Term Life policy, or under Flexible Linking.

Get a quote now from LifeCENTRAL+. If you have any questions, speak to your Business Development Manager, refer to our FAQs or call BT Adviser Services.

25% off the first year's premium only. Consider the ongoing premium in deciding whether to take out the insurance. 

Unless withdrawn earlier, the discount is only available for quotes received on or prior to 31 March 2021, where any subsequent application is lodged prior to 30 April 2021. The Insurer of BT Protection Plans is Westpac Life Insurance Services Limited ABN 31 003 149 157 ('the Insurer'). BT Protection Plans are issued by the Insurer except for Term Life as Superannuation and Income Protection as Superannuation which are issued by BT Funds Management Limited ABN 63 002 916 458 ('BTFM') as trustee of the Retirement Wrap ABN39 827 542 991. The Insurer and BTFM are wholly owned subsidiaries of Westpac Banking Corporation ABN 33 007 457 141 ('the Bank'). The Bank does not guarantee payments under the insurance.

Awards are opinions only. They are not recommendations and are only one factor to be taken into account when deciding to acquire, dispose or hold interest in a BT product. Awards are current as at the date of publication but are subject to change. Please read the Product Disclosure Statement at to see if this insurance is right for you. The information in this document does not take into account your personal circumstances.

1. AFA Life Company of the Year Awards (2018 & 2019) – Underwriting and New Business Team of the Year
2. ALUCA Life Insurance Excellence Team Awards (2019) – Claims Team of the Year
3. FSC Life Insurance Awards (2019): Innovation in Retail Life Insurance – Claims Cancer Assistance Program. AFA/Beddoes Consumer Choice Awards (2018): Best in Return to Health and Wellness; Best Focus on Early Intervention