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:
If you’re unable to work because of disability
After 30 days of illness or injury, you could be paid your monthly benefit. You can claim more than once for the same condition for up to 24 months in total. You must be working more than 25 hours a week in paid employment at the time you’re hurt or get sick.
If you’re made redundant
Bill Protection could pay out your benefit if you’re made involuntarily redundant. Payments start after 30 days and can continue for up to six months. You must be working more than 25 hours per week in employment, as at the date you stopped work.
If you’re made bankrupt
Bill Protection could pay out your benefit if you’re self-employed and 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 pre-existing medical conditions.
Suspend your cover if you need to
You can suspend your cover for up to 12 months if you aren’t working.
Take a premium holiday while you claim
If you’re claiming a benefit under Bill Protection Cover, you won’t pay your Bill Protection Cover premiums (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.
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
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.
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
any condition or event which is caused by AIDS or any AIDS-related condition
an event that you knew about or were likely to know about when you applied for your cover (including any increases).
No benefit will be paid:
for the first 30 days of consecutive total disability
if you were working for less than 25 hours per week in paid employment at the date you stopped work or sought medical advice (whichever is earlier)
absence from work due to pregnancy, childbirth or abortion
for disability caused or resulting from:
any injury, sickness or disease which existed whether or not diagnosed at commencement date
any sickness or disease which first made itself know within 28 days after commencement date
a deliberate self-inflicted injury or attempted suicide
the taking or use of alcohol, poison or drugs other than a drug taken on the advice of a legally qualified medical practitioner.
No benefit will be paid:
for the first 30 consecutive days of redundancy
for any redundancy that occurs, or that you become aware of, or ought to have been aware of, within 60 days from the commencement date of the policy, or any reinstatement date, or the date of any increase in the sum insured (in relation to the amount of the increase)
if you were working for less than 25 hours per week in employment at the date you stopped work
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 with control over your employment or employed by a direct member of your family.
No benefit will be paid:
if you are not self employed
if you take voluntary bankruptcy
if you have applied for or been admitted to the no assets procedure
if you are adjudicated bankrupt within six months from the commencement date
if you knew at commencement date, that it was likely or possible that a bankruptcy notice would be issued against you or a creditors application for bankruptcy would be made to court
if, at or before the commencement date you have received a bankruptcy notice or committed an act of bankruptcy.
Read your policy
You’ll find more details about your cover in your policy document including full details on stand down periods, exclusions and limits on cover. Do read it carefully, so you fully understand your cover.
Westpac Bill Protection 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 Bill Protection. 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.