Mortgage protection

Flexicover can help cover your Westpac Home Loan if you’re unable to work or die. If something serious happens to you, it could take care of your repayments for a time or, in some situations, pay it off entirely. 

How Flexicover works

When you apply for a Westpac Home Loan, you and a partner can also apply for Flexicover. It's only available with a Westpac Home Loan and protects you in a range of ways:

If you die or are diagnosed as terminally ill with less than 12 months to live

Flexicover could pay off your outstanding home loan.

If you’re unable to work because of disability

Flexicover could make your repayments until you return to work. You can claim more than once for the same condition for up to 30 months in total. Payments start after 42 days of total disability.

After 30 months of disability, Flexicover could pay off your outstanding loan.

If you’re made involuntarily redundant

Flexicover could make your repayments for up to six months. Payments can start after 42 days of redundancy or the period covered by redundancy pay, whichever greater.

Six months cover if you’re made bankrupt

Flexicover could make your repayments for up to six months if you’re made bankrupt. Payments can start immediately.


More reasons to choose Flexicover 

Cover your partner too, and save

You could get a discount on your premium if you and your partner apply at the same time. 

Only pay for the cover you need

Cover and premiums adjust automatically with your loan balance - not the loan limit - so you never pay more than you need to.

Make it simple with one policy 

You can have up to eight loans covered under one policy.

Disability benefit paid out on top of any ACC payment

The monthly payment you receive doesn’t reduce if you’re receiving payments from ACC, or payments from another insurance provider.

Set it up when it suits you

You can set up Flexicover home loan insurance when you apply for your Westpac Home Loan or any time after you start making repayments.

Payment flexibility

Choose a payment option to match your pay days. You can pay your premium fortnightly or monthly.

Get Flexicover with a 30 day free look

Call for a quote

With our 30-Day Free look, if you decide the cover is not for you during the free look period, just notify us and we’ll refund any premiums you’ve paid.

You might also like these options:

2x status points


2x status points


2x status points

Personal loan

2x status points

Credit card

Westpac Flexicover is underwritten by Westpac Life-NZ-Limited (“Westpac Life”), which is a wholly owned subsidiary of Westpac Financial Services Group-NZ-Limited, which is a wholly owned subsidiary of Westpac Banking Corporation ABN 33 007 457 141, incorporated in Australia. Neither Westpac Banking Corporation nor Westpac New Zealand Limited (“Westpac”) guarantees the obligations of, or any products issued by Westpac Life. Westpac will receive commission payments as a result of the arrangement of Westpac Life Insurance policies. For Westpac Life’s solvency margin please click here. For Westpac Life's financial strength rating please click here.

Terms, conditions, exclusions and limits apply to Westpac Flexicover. A policy document may be downloaded here as a PDF or obtained from any Westpac branch free of charge. The availability of any insurance cover is subject to the acceptance and approval of a completed application.

Any payment is subject to your claim being accepted. 

Important things to know

Flexicover will not pay out in certain circumstances. Please see the lists below:


No benefit will be paid:

  • for death arising from suicide within the first 13 months of the commencement date
  • where death arises from suicide after 13 months, the benefit paid will exclude any drawings (and associated interest) within 30 days preceding death.
Total Disability

No benefit will be paid:

  • for the first 42 days of total disability;
  • if you are able to undertake any type of work that would be suitable through your knowledge, experience or with training;
  • for disability arising from:
    • intentional self-inflicted injury;
    •  war or act of war, riot or civil commotion;
    • taking or use of alcohol or poison or drugs (except as advised by your doctor at the prescribed level).
  • for pregnancy, childbirth and abortion.

No benefit will be paid:

  • for the first 42 days of redundancy or the period covered by redundancy pay, whichever is the longer
  • for any redundancy that occurs, or that you become aware of, in the first 60 days from the date of commencement or reinstatement or increase (in relation to the amount of the increase) of the policy
  • if you are not paid by salary or wages
  • if you are self-employed, in seasonal or contract work, or in temporary or casual work
  • if you are a director where you have control over your employment, or employed by a direct member of your family.

No benefit will be paid:

  • for voluntary bankruptcy
  •  bankruptcy resulting from court proceedings that had already started at the commencement date.

Read your policy

You’ll find more details about your cover in your policy document including full details on how benefits are calculated, exclusions and limits on cover. Do read it carefully, so you fully understand your cover.  

See your Flexicover policy