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BT Protection Plans offer income protection cover across a diverse range of ages and occupations.

You can also apply for cover if you are not currently employed, or your main duty is to care for your household. BT Protection Plans offer two types of income protection cover (we call these income protection definitions):

  • Own Occupation Income Protection
  • Home Duties Income Protection.

Each income protection definition offers cover for a different purpose. Your financial adviser can help you choose the definition suitable for your individual needs.

Of course, like all insurance, some exclusions, limits and conditions apply, including waiting periods and benefit periods. Read the BT Protection Plans PDS (PDF) to see if Income Protection is right for you.

Some of the key features include:

  • Flexible levels of cover. You can structure your income protection cover to suit your needs, apply for an increase or decrease in cover, subject to limits, and change the definition on your policy should you need to
  • Policy is guaranteed renewable (as long as premiums are met) and the monthly benefit increases annually in line with any CPI changes, unless you request otherwise
  • Dedicated consultant can make any claims experience as easy as possible
  • Worldwide cover - 24 hours a day
  • 5% multi-policy discount applies if you’re covered by more than one eligible BT Protection Plan policy.

Entry age ranges and conditions

Depending on the type of Income Protection cover you apply for and the premium structure you require, the maximum entry age will differ. See the BT Protection Plans PDS (PDF) for more information.

As well as being able to select the type of income protection, you also have additional flexibility to tailor the cover specifically to your needs. You can choose your:

  • Waiting period - this is the minimum period you need to wait before any payments will commence
  • Benefit period - the maximum length of time you will be paid if we accept your claim

The choices available when applying for your cover will depend on the type of income protection you have chosen and your occupation.

You may also be able to add the following to your Income Protection insurance policy:

  • Needlestick Benefit
  • Children’s Benefit.

Needlestick Benefit is not available if you choose Home Duties income protection cover.

There are a number of different ways to structure your premiums, depending on your needs

BT Protection Plans allows you to choose the premium structure that works best for you.

  • Stepped premiums - premiums that are calculated each year and will change based on increase in age and the amount of cover. The premium will generally increase every year. 
  • Level premiums - premiums that are calculated based on your age at the commencement of the policy and will not increase each year due to age increases.

For both stepped and level premiums, your premiums may increase in certain circumstances, such as; if your sum insured increases, with Consumer Price Index increases, and when we increase the policy fee.

BT Protection Plans also provide you with flexibility by providing a number of different ways to pay your premiums. Premiums can be paid:

  • By direct debit, an accepted credit card or cheque (if paying annually), or
  • By rollover from an eligible superannuation fund for Income Protection as Superannuation (if paying annually).

Generally, the amount of your premium depends on a number of variables, including:

  • The amount of cover, whether premiums are stepped, level and frequency of payments
  • Any optional benefits selected
  • Your age, occupation, gender, smoking status, health and family medical history
  • Any discounts that may apply
  • Your waiting period
  • Your benefit period
  • Your benefit type.

The premium includes a policy fee that increases by the same amount as the Consumer Price Index (CPI) on 1 October each year. 

You or your representative should contact Westpac Life Insurance as soon as a claim needs to be made

Westpac Life Insurance is here to help and make the process as easy as possible with a dedicated claims consultant.

Call 132 135

8:30am - 5:30pm, Mon - Fri, (Sydney time).

Things you should know

Note this information provided is for new applicants only. Existing customers should refer to their Policy Schedule for Terms and Conditions relating to their individual policy.


A target market determination has been made for Protection Plans products. Please visit for any of our target market determinations.

The Insurer and Issuer is Westpac Life Insurance Services Limited ABN 31 003 149 157 AFSL 233728, except for Term Life as Superannuation, Income Protection as Superannuation and Income Protection Assured as Superannuation, issued by BT Funds Management Limited ABN 63 002 916 458 AFSL 233724 as Trustee of Retirement Wrap ABN 39 827 542 991. They are subsidiaries of Westpac Banking Corporation ABN 33 007 457 141 AFSL 233714, who 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 BT Protection Plans Disclosure Statement (PDS) to see if this insurance is right for you.