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Helps cover the medical and lifestyle costs incurred after suffering a specified medical event, such as cancer, a stroke or heart attack.

Living Insurance is available through BT Protection Plans and pays a lump sum if you suffer a specified medical condition such as cancer, a stroke or a heart attack.

You can apply for cover up to $2 million, however, for some occupations we may limit the maximum amount of cover.

Of course, like all insurance, some exclusions, limits and conditions apply.  Read the BT Protection Plans PDS to see if Living Insurance is right for you.

Some of the key features include:

  • Flexible levels of cover. You have the option to increase or decrease cover to ensure the policy continues to suit your needs, no matter what life stage you're at
  • Living Insurance can be added to Term Life insurance or taken as a standalone policy
  • Guaranteed renewable (as long as premiums are met) and your sum insured automatically increases annually in line with any CPI changes, unless you request otherwise
  • Apply from age 15 to 59. Cover can continue to age 75 (see 'Features' for age conditions)
  • Dedicated consultant can make any claims experience as easy as possible
  • Loyalty benefit if you hold a policy for 3 or more years
  • Worldwide cover - 24 hours a day
  • 5% multi-policy discount applies if you’re covered by more than one eligible BT Protection Plans policy.

BT Protection Plans offer a comprehensive range of flexible insurance options that can provide protection throughout the different stages of your life.

Below is a summary of the different types of cover available and how they may be able to help. Please see the PDS for full terms and conditions.


Type of cover How it can help
Term Life
  • Provides a lump sum payment if you die or are diagnosed with a terminal illness
  • Repay debts like mortgage, loans or credit cards
  • Leave a lump sum to be invested to cover the cost of your family's future needs, such as your children's education.
Total and Permanent Disablement (TPD)
  • Provides a lump sum payment if you are totally and permanently disabled
  • Meet rehabilitation and home modification costs
  • Provide financial support to make necessary lifestyle adjustments.
Income Protection
  • Provides a monthly benefit if you are unable to work due to sickness or injury
  • Cover your expenses while you're unable to work
  • Provide for your family's financial needs such as your children's education.
Needlestick Benefit1
  • Provides a lump sum payment if you acquire HIV or Hepatitis B or Hepatitis C whilst working as a medical professional
  • Provide financial support for yourself and your family when you most need it.
Children's Benefit1
  • Provides a lump sum payment if the insured child suffers from one of the covered medical events
  • May assist you to take time off work to care for your child
  • Pay for medical treatment.


1. Needlestick Benefit and Children's Benefit Policies are only available if you hold another Protection Plans Policy.

Please note: Living Insurance, Business Overheads, Needlestick Benefit and Children's Benefit are not available within superannuation, however these benefits can be added as a linked policy and held outside superannuation.


Need business insurance?

Check out our insurance options for business.

Things you should know

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.