BT income protection is not currently available via Finder. You can visit their website at www.bt.com.au for more information or compare alternative options available here.
BT life insurance: Our verdict
It comes with lots of flexibility – BT Income Protection Assured insurance allows you to choose when your cover starts, how long you're covered for and how much of your salary is covered.
Its policies are issued through an adviser so are tailored to your needs.
Rehabilitation benefits are available – some insurers don't offer this.
You can't take out BT Income Protection Assured once you're over 65.
You can also take out cover through super but this may not be the best value option for everyone as it eats into your retirement savings.
BT offers an Income Protection Assured insurance policy which replaces up to 70% of your monthly income. It comes with similar benefits to other insurers. These include:
Rehabilitation and retraining benefits
A monthly benefit which automatically increases annually in line with any Consumer Price Index (CPI) changes, unless you request otherwise
A 5% multi-policy discount if you hold more than one eligible BT Protection Plan policy
Guaranteed continued cover as you continue to pay your premiums
Product upgrades, that don't result in an increase in premiums, get automatically applied to your existing policy
Note: Be sure to check the Product Disclosure Statement (PDS) for terms and conditions.
Applying for cover
To apply for BT cover,
You must be aged 15 – 59 at the time of commencing cover or aged 17 – 65 for any replacement or reinstatement
You must be an Australian citizen, a permanent resident of Australia or the holder of an eligible spouse/partner or work visa
You must work at least 20 hours per week
You must be working in an eligible occupation (speak to a financial adviser or contact BT Customer Relations for more on eligibility)
You must not be an undischarged bankrupt
Still wondering if BT is right for you? Here are the main pros and cons summarised:
Pros
You can also get cover in your super.
Policies are guaranteed to continue.
Cons
You can't take out cover if you're over 65.
What are some of the key exclusions?
As with any insurance, certain conditions and exclusions apply and in the case of BT Income Protection Insurance, a benefit will not be paid if your death or disability is caused directly or indirectly by:
an intentional self-inflicted act or attempted suicide
an accident while you are under the influence of alcohol or non-prescribed drugs
an act of war (whether declared or not), except when you die on war service
engaging in any sport, pastime or occupation not normally covered at standard rates
any condition that you knew about before applying for cover.
How do I lodge a claim?
BT has a dedicated claims consultant who will talk you through how to lodge a claim. This can make it easier for you to lodge a claim successfully. Not all insurers have this. In some cases, BT may be able to assess your claim on the spot, over the phone.
Compare other leading income protection insurance brands
These products offer great value, with a good score across both features and price.
7+
Great
These are competitive products, though they didn't quite get top scores.
5+
Standard
These products might offer less value or command a higher premium than others in the market.
0+
Basic
These products might only offer a basic set of features or aren't very competitive on price.
1 - 6 of 7
Compare alternatives
We currently don't have a partnership for that product, but we have other similar offers to choose from (how we picked these
):
Finder Score - Income Protection
Income Protection is a little complicated and a lot overwhelming. That's why we made the Finder Score, to make it easier to compare Life Insurance products against each other. Our experts analysed over 12 products and gave each one a score between 1 and 10.
But a higher score doesn't always mean a product is better for you. Your situation is unique, so your policy choice will be too. Don't think of Finder Score as the final word, but as a good place to start your life insurance comparison.
Gary Ross Hunter was an editor at Finder, specialising in insurance. He’s been writing about life, travel, home, car, pet and health insurance for over 6 years and regularly appears as an insurance expert in publications including The Sydney Morning Herald, The Guardian and news.com.au. Gary holds a Kaplan Tier 2 General Advice General Insurance certification which meets the requirements of ASIC Regulatory Guide 146 (RG146). See full bio
Gary Ross's expertise
Gary Ross has written 644 Finder guides across topics including:
One of the benefits of income protection insurance is that you may have the ability to claim a tax deduction on your premium benefits. Find out if the same rules apply for policies inside super.
NobleOak has been offering personal insurance solutions direct to Australians for over 137 years. Discover the benefits and features available on the NobleOak Income Protection policy and make a secure enquiry for cover.
Looking for the best income protection insurance but not exactly sure where to start? Compare the Finder Awards 2023 insurance winners.
How likely would you be to recommend Finder to a friend or colleague?
0
1
2
3
4
5
6
7
8
9
10
Very UnlikelyExtremely Likely
Required
Thank you for your feedback.
Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve.
Important information about this website
Finder makes money from featured partners, but editorial opinions are our own.
Finder is one of Australia's leading comparison websites. We are committed to our readers and stand by our editorial principles.
We try to take an open and transparent approach and provide a broad-based comparison service. However, you should be aware that while we are an independently owned service, our comparison service does not include all providers or all products available in the market.
Some product issuers may provide products or offer services through multiple brands, associated companies or different labeling arrangements. This can make it difficult for consumers to compare alternatives or identify the companies behind the products. However, we aim to provide information to enable consumers to understand these issues.
We make money by featuring products on our site. Compensation received from the providers featured on our site can influence which products we write about as well as where and how products appear on our page, but the order or placement of these products does not influence our assessment or opinions of them, nor is it an endorsement or recommendation for them.
Products marked as 'Top Pick', 'Promoted' or 'Advertisement' are prominently displayed either as a result of a commercial advertising arrangement or to highlight a particular product, provider or feature. Finder may receive remuneration from the Provider if you click on the related link, purchase or enquire about the product. Finder's decision to show a 'promoted' product is neither a recommendation that the product is appropriate for you nor an indication that the product is the best in its category. We encourage you to use the tools and information we provide to compare your options.
Where our site links to particular products or displays 'Go to site' buttons, we may receive a commission, referral fee or payment when you click on those buttons or apply for a product.
When products are grouped in a table or list, the order in which they are initially sorted may be influenced by a range of factors including price, fees and discounts; commercial partnerships; product features; and brand popularity. We provide tools so you can sort and filter these lists to highlight features that matter to you.
Please read our website terms of use and privacy policy for more information about our services and our approach to privacy.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
