How it works.

Term Cover starts with life cover.

Life cover (the Death/Terminal Illness Benefit) is a simple way to look after those you care about if you die or are diagnosed with a terminal illness with less than 12 months to live.

With life cover, you can also add optional cover for critical illness or injury, or loss of income.

Optional benefits.

Compare these options

Crisis Cover

Crisis Cover can help you to get life back on track if you suffer a specified critical illness or injury. It could pay a lump sum, which reduces the sum insured on your Death/Terminal Illness Benefit.

Learn more

Income Cover

Income Cover could pay you a monthly benefit if you’re unable to work because of serious illness or injury.

Learn more

Redundancy or Bankruptcy Cover

Unfortunately, we’re currently unable to accept new applications for the Redundancy/Bankruptcy Cover Benefit. If you’re an existing policy holder, your cover is unaffected.

Learn more


We pay claims fast

Once we have everything we need, most claims are paid out in 7 days. In the event of death, we can pay an Immediate Support Benefit in advance, to help with costs. This payment is 10% of the Death/Terminal Illness Benefit sum insured (up to a maximum of $15,000).

Enjoy any policy improvements automatically

If we improve our Term Cover in a way that doesn’t increase our standard premium rates, we’ll automatically update your policy so you can enjoy the benefits too.

You can increase your cover after a special event

No medical information is needed if you want to increase your Death/Terminal Illness Benefit or optional Crisis Cover Benefit within three months of getting married, receiving a pay rise or other defined special events, if you satisfy a few conditions.

Relax with a 30-day free look

If you decide the cover isn’t for you during the 30-day free look period, just notify us and we’ll refund any premiums you’ve paid.

Have a read of the policy wording

Find more information in the Term Cover policy document including full details on exclusions and limits on cover. Please read it carefully so you fully understand the cover. 

Get in touch.

For general enquiries or a quote

Our life insurance team is here to help.

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Make a claim.

Find out how to make a claim. It's easy.

Things you should know.

Westpac life insurance products are arranged by Westpac New Zealand Limited ("Westpac") and underwritten by Fidelity Life Assurance Company Limited ("Fidelity Life"). None of Westpac Banking Corporation ABN 33 007 457 141 (incorporated in Australia), Westpac, or any member of the Westpac group of companies guarantee the obligations of, or any products issued by, Fidelity Life or any member of the Fidelity Group of companies. Westpac will receive commission payments as a result of the arrangement of Fidelity Life policies. See Fidelity Life’s Solvency. See Fidelity Life’s Financial Strength Rating.

Terms, conditions, exclusions and limits apply to Term Cover. 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 complete application.

Any payment is subject to your claim being accepted.