Bill protection

Bill Protection Cover can help with the bills if you can’t work. If something serious happens to you, it could pay you a monthly benefit for those household expenses, so the bills don’t pile up.

How Bill Protection Cover Works

When you apply for Westpac Bill Protection Cover, you choose a monthly benefit amount of $500, $750 or $1,000. This is what you think you'll need to cover your monthly bills. Then:

 action
If you’re unable to work because of disability

If you are unable to work more than 10 hours a week due to injury or illness,  you could be paid your monthly benefit for up to 24 months, backdated to the first day that you were unable to work. You must be totally disabled for 30 days before you can claim, however this requirement is waived if you claim more than once for the same condition. You must be working at least 25 hours a week in paid employment or in paid self-employment, at the time you stop work or seek medical advice.

action
If you’re made redundant

Bill Protection could pay out your benefit if you’re made involuntarily redundant.  Payments start after 30 days of unemployment, backdated to the first day of redundancy, and can continue for up to six months.  You must be working at least 25 hours a week in paid employment, at the date you stopped work.

 action
If you’re made bankrupt

Bill Protection could pay out your benefit if you’re working at least 25 hours in self-employment and are made bankrupt. Payments can start immediately and can continue for up to six months. Your cover must have been in place for at least six months.

 


More reasons to choose Westpac Bill Protection Cover

No medical information required

There are no medical questions to answer when you apply. Acceptance is automatic. However you will not be covered for any medical condition that existed in the 24 months prior to, or arise within 28 days from, the commencement date.

Suspend your cover if you need to

You can suspend your cover one time, for a continuous period of up to 12 months. You cannot make a claim during this period and any injury, illness, redundancy or bankruptcy that arises within the suspension period will not be covered.

Take a premium holiday while you claim

Premiums for your policy will be waived while you are on claim (up to a maximum of $300 per month).

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.

Payments flexibility

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

Healthy living discount

If you don’t smoke, we’ll give you a discount.

Cover your partner too, and save

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


Get Westpac Bill Protection Cover with a 30 day free look


Call for a quote


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


You might also like these options:

2x status points

Income
protection

2x status points

Term Cover
Insurance


Westpac Bill Protection is arranged by Westpac New Zealand Limited (“Westpac”) and 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. None of Westpac Banking Corporation, Westpac  or any member of the Westpac group of companies guarantee 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 and more detail can be found in the Westpac Bill Protection policy document, which 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

Who can apply for Bill Protection

You can take out Westpac Bill Protection if you’re between 18 and 64 years old (inclusive). Note that Westpac Bill Protection premiums are reviewed each year and generally increase with age. The cover and any monthly benefit payments in relation to an accepted claim will cease on your 65th birthday.

What isn’t covered?

You will not get a pay out from the Bill Protection policy if the claim results from:

  • you taking part in a strike, a riot, civil commotion, war or illegal acts, or
  • an event that you knew about or were likely to know about when you applied for your cover (including any increases).

If you suspend your premiums, you will not be able to claim for any injury, illness, redundancy or bankruptcy that occurs during this time.

Total Disability

No benefit will be paid:

  • for any total disability which lasts less than 30 consecutive days, or
  • if you were working for less than 25 hours per week in paid employment, or in self-employment, at the date you stopped work or sought medical advice (whichever is earlier), or
  • if you are able to return to work for more than 10 hours per week, or
  • if you are absent from work due to uncomplicated pregnancy, childbirth or abortion, or
  • for disability caused or resulting from:
    • any injury or illness which existed, or for which you had signs or symptoms, or for which you sought advice or treatment (or for which a reasonable person would have sought advice or treatment) from a medical practitioner, within the 24 months prior to the commencement date, or
    • any injury or illness which first made itself known within 28 days from the commencement date, or
    • a deliberately self-inflicted injury or attempted suicide, or
    • the taking or use of alcohol, poison or drugs, other than a drug taken on the advice of a legally qualified medical practitioner.
Redundancy

No benefit will be paid: 

  • for any period of unemployment which lasts less than 30 consecutive days, or
  • for any redundancy that occurs, or that you become aware of, or ought to have been aware of, prior to or within 60 days from the commencement date, the date of any any reinstatement, or the date of any increase in the sum insured (in relation to the amount of the increase), or
  • if you were working for less than 25 hours per week in paid employment at the date you stopped work, or
  • if you are not paid by salary or wages, or
  • if you are self-employed, in seasonal or contract work, or in temporary or casual work, or
  • if you are a director with control over your employment or employed by a direct member of your family. 
Bankruptcy

No benefit will be paid:

  • if you were working less than 25 hours per week in self-employment as at the date you were adjudicated bankrupt, or
  • if you take voluntary bankruptcy, or
  • if you have applied for or been admitted to the no assets procedure, or
  • if you are adjudicated bankrupt within six months from the commencement date, or
  • if you knew at the commencement date, that it was likely or possible that a bankruptcy notice would be issued against you or that a creditor’s application for bankruptcy would be made to the Court, or
  • if, at or before the commencement date, you have received a bankruptcy notice or committed an act of bankruptcy.

Read your policy

Terms, conditions, exclusions and limits apply and more detail can be found in the Westpac Bill Protection policy document, which may be downloaded here as a PDF or obtained from any Westpac branch free of charge.  Do read it carefully, so you fully understand your cover