Important: The information above is provided for general information purposes only and is only a summary of the insurance products referred to. Terms, conditions, exclusions and limits apply and more detail can be found in the relevant policy document. We recommend you speak to your Westpac Relationship Manager for more information. The Business Risk Protection Plan is arranged by Westpac New Zealand Limited (“Westpac”) and are underwritten by Westpac Life-NZ-Limited (“Westpac Life”) and/or third party insurers. The availability of insurance cover is subject to the acceptance and approval of a complete application and will depend on the relevant underwriter’s assessment of risk. Westpac New Zealand Limited does not guarantee the obligations of Westpac Life and/or third party insurers.
Westpac Life is a wholly owned subsidiary of Westpac Financial Services Group-NZ-Limited which is, in turn, a wholly owned subsidiary of Westpac Banking Corporation ABN 33 007 457 141, incorporated in Australia. Westpac Life complies with the Practice Standards of the Investment Savings & Insurance Association of NZ Inc. Neither Westpac Banking Corporation or Westpac New Zealand Limited guarantees the obligations of, or any products issued by Westpac Life and/or third party insurers. Westpac may receive commission payments as a result of the arrangement of policies underwritten by Westpac Life and/or third party insurers.
Westpac Life-NZ-Limited has an AA- Insurer Financial Strength rating given by Standard & Poors (Australia) Pty Limited on 6 August 2013. The rating scale is: AAA Extremely Strong, AA Very Strong, A Strong, BBB Good, BB Marginal, B Weak, CCC Very Weak, CC Extremely Weak, SD or D Default, R Regulatory Supervision, NR Not Rated. Plus (+) or Minus (-) following ratings from ‘AA’ to ‘CCC’ show relative standings within the major rating categories.