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BT Protection Plans

Invest in your own future and security with Protection Plans
  • Protection Plans offer a comprehensive range of life insurance solutions to protect you from the financial effects of injury, illness, permanent disability and death
  • Flexible choices for a fully tailored insurance solution
  • Provides peace of mind knowing you have plans in place to protect yourself and your loved ones
  • Affordable wide-ranging insurance whether you are single, married, starting a family or planning for your retirement.

Flexible solutions

Protection Plans provide a comprehensive range of life insurance solutions you can fully tailor to suit your own situation

Life insurance

Life insurance provides a lump sum payout to your loved ones should the worst happen to you

Disability insurance

Disability insurance provides a lump sum payout if you become permanently disabled or are diagnosed with a terminal illness

Living insurance

Living insurance helps to pay off your mortgage, medical bills or even finance a holiday if you are diagnosed with a terminal illness

Income protection insurance

Income protection insurance can protect your income and maintain your family’s lifestyle if you suffer from a serious illness or injury

Business overheads insurance

Financial protection for you, your family and your business

Flexible plans

Flexible choice of ownership structures, inside or outside of your superannuation

Loyalty benefit

We reward your loyalty if you hold your policy with us for over 3 years with an additional 5% on your benefits

Multi-policy discount

The more policies you have in BT Protection Plans, the more you’ll save

CPI increase

Keep up with inflation with an annual CPI increase of up to 3% per year

Guaranteed renewable

Guaranteed renewable cover and guaranteed upgrades

Premium holiday

If you need to cancel your policy, you can suspend your policy for up to 12 months without needing to re-apply

Worldwide cover

Worldwide cover 24 hours a day regardless of where you are

Don't get caught out saying 'it won't happen to me'

Insurance is all about protecting the things and people that matter if you aren't in a position to do so yourself. It provides real help when you need it, if you get hurt and can't work, become disabled, or worse lose your life. It's at that life-changing point in time you'll want the reassurance that you and your family will be looked after.

Unfortunately Australians are chronically under-insured when it comes to our more precious assets of all – ourselves. And consider these facts:

  • 1 in 4 females will get cancer before the age of 751
  • 1 in 3 become disabled for more than 3 months before the age of 65 and have no income2
  • 1 in 13 people claim on a home and contents policy3

An insurance payout can make a huge difference to the immediate wellbeing and future comfort of those you love. In the event of something happening to you, your insurance payouts can be used to:

  • Clear debts
  • Pay for funeral expenses
  • Invest to generate replacement income
  • Cover childcare costs for dependants
  • Pay medical expenses
  • Pay for medical rehabilitation
  • Pay for home medications
  • Make any necessary lifestyle changes.

BT Protection Plans put you in control and provide protection for life.

How Protection Plans can work for you

Protection Plans provide a comprehensive range of insurance solutions that offer protection for a wide range of situations. You can fully tailor the policy to your individual needs. This includes deciding who is to own the policy, how to structure the payment options and which premium options apply.

Protection we provide



Protection Plans policies

Death and terminal illness

Receive a one-off lump sum payment in the event of death or on diagnosis of a terminal illness  

  • Term Life
  • Term Life as Superannuation

Total and permanent disablement   

Receive a one-off lump sum payment in the event you are unlikely to work, perform household duties again or suffer a loss of ability due to a permanent disability

  • Standalone Total and Permanent Disablement

Sickness or injury

Receive a one-off lump sum payment if you suffer from one of a range of specified medical events such as cancer, a heart condition or loss of limb

Replace up to 80% of your monthly income if you're unable to work at your full capacity due to sickness or injury


Cover up to 100% of your monthly allowable business expenses if you're unable to work at your full capacity in your business due to sickness or injury

  • Standalone Living Insurance


  • Income Protection
  • Income Protection Plus


  • Business Overheads

Other special circumstances

Receive a one-off lump sum payment if you contract HIV or Hepatitis B or C while performing your duties as a medical professional

Receive a one-off lump sum payment if your child suffers from one of a range of specified medical events

  • Needlestick Benefit


  • Children's Benefit

Ask a BT Adviser

To make an informed decision about what's right for you, talk to a BT Adviser who will help you tailor a plan to suit your individual financial circumstances and stage of life.   

Need more detail? It's important to understand what you are and aren't covered for. For more policy details, please refer to the BT Protection Plans Product Disclosure Statement and Policy Document (PDS).

You can access a copy of the BT Term Life as Superannuation Annual Report and the BT Income Protection as Superannuation Annual Report here.

Making an insurance claim can be daunting. That’s why we do everything we can to help you through the process with a Claims team that is here to streamline the process for you.

Call 1300 553 764, 8am-6.30pm, Mon-Fri (Sydney and Melbourne time) to start your claim and we will guide you through every step.

How to apply

Important Information

The Insurer of BT Protection Plans is Westpac Life Insurance Services Limited ABN 31 003 149 157, AFSL Number 233728 (‘the Insurer’).

BT Protection Plans is issued by the Insurer except for Term Life as Superannuation and Income Protection as Superannuation which are issued by Westpac Securities Administration Limited ABN 77 000 049 472, AFSL Number 233731 (‘WSAL’) as trustee of the Westpac MasterTrust ABN 81 236 903 448. The Insurer and WSAL are wholly owned subsidiaries of Westpac Banking Corporation ABN 33 007 457 141 AFSL 233714, (‘the Bank’). None of the BT Protection Plans, an interest in the Westpac MasterTrust or Retirement Wrap ABN 39 827 542 991, RSE Registration R1001327 (of which SuperWrap is part of), nor an investment in Wrap, are an investment in, deposit with or other liability of the Bank. These policies are distributed by BankSA – A Division of Westpac Banking Corporation ABN 33 007 457 141 (BankSA). Westpac Life is a subsidiary of Westpac Banking Corporation (Bank). BT Advisers are representatives of Westpac Banking Corporation ABN 33 007 457 141 AFSL & Australian Credit Licence 233714 (Westpac). BT Advice is a division of Westpac. Neither the Bank, nor any member of the Westpac Group (other than the Insurer) guarantees the benefits payable in relation to BT Protection Plans.

This information has been prepared without taking into consideration your personal needs and financial circumstances. You should consider the appropriateness of this information with regard to your objectives, financial situation and needs. Before making a decision in relation to BT Protection Plans, you should consider the Product Disclosure Statement and Policy Document (PDS) and consider whether the product is right for you. The PDS explains conditions, terms, limits and exclusions and is available from your financial adviser. The BankSA Privacy Statement is available here.

Important Notice for Protection Plans

BT Protection Plans
Product Update

Effective date: 1 July 2017

APRA has approved an application by Westpac Life Insurance Services Limited to restructure its statutory funds under the Life Insurance Act 1995 (Cth).

As a result, from 1 July 2017, the section headed ‘Where we put your money’ at page 81 of the PDS is replaced with:

Term Life, Standalone Total and Permanent Disablement, Flexible Linking Plus, Children’s Benefit, Needlestick Benefit, and the insurance policy issued by the Insurer to WSAL under Term Life as Superannuation are included in the Westpac Life No. 1 Statutory Fund. All other Policies are included in the Westpac Life No. 2 Statutory Fund. We pay your benefits from these funds. The money in the funds is regulated under the Life Insurance Act 1995.


Cancer Institute NSW, 'The Cancer in NSW Incident and Mortality Report' 2007

Calculation based on data of individual disability income insurance sold by Australian life offices, Institute of Actuaries of Australia 2002. Report of the Disability Committee, IA Aust, Sydney

Insurance Statistics Australia, June 2010