Crisis Cover.

If you suffer a specified critical illness or injury, Crisis Cover could pay out part of your Life Cover early as a lump sum.

You can have up to $2 million of cover.

You might use these funds to pay off the mortgage, adapt your house or vehicle, or supplement the income of someone looking after you.

No additional health checks

You can choose to keep Crisis Cover in place until you’re 70 years old, no matter what shape your health is in.

You can increase your cover after a special event

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

Income Cover.

Income Cover can help ensure money keeps coming in if you’re unable to work as a result of suffering a total disability due to serious illness or injury.

When you add Income Cover to your Life Cover, you choose a monthly benefit between $1,000 and $6,500.  It just can’t be more than 55% of your income when you apply.

If you then can’t work because of a serious illness or injury, this monthly benefit could be paid to you monthly (in arrears) after 30 days. These payments continue until you’re fit to return to work or for the full benefit period of 36 months. 

Take a premium holiday while you claim

Whilst you’re claiming a benefit under Income Cover, you won’t pay your Term Cover premiums (up to a maximum of $300 per month).

Redundancy or Bankruptcy Cover.

Unfortunately we’re currently unable to accept new applications for Redundancy or Bankruptcy Cover. If you’re an existing policyholder, your cover is unaffected and you can refer to the information below to help you understand your cover as well as make sure it’s still right for you.

Redundancy or Bankruptcy Cover provides extra protection if you’re a wage or salary earner and made involuntarily redundant, or if you’re self-employed and made bankrupt.

It’s linked to your Income Cover and can pay out the same monthly benefit, 30 days after you’re made redundant or bankrupt. And it can keep paying out for up to six months. You need to have been working for at least 25 hours a week at the time of stopping work.

Most people use this to pay for the mortgage or cover the rent. Some choose to take a stress free family holiday, but how you spend it is up to you.

Get in touch.

For general enquiries or a quote

Our life insurance team is here to help.

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Make a claim.

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Things you should know.

Westpac Term Cover 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. 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 please click here. For Westpac Life's Financial Strength Rating please click here.

Terms, conditions, exclusions and limits apply to Westpac 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 completed application.

Any claims payment is subject to your claim being accepted.