Sending...

You should only send this link to someone you know would be interested in receiving the information on this webpage. View our Privacy Policy

Send

Protection Plans

Invest in your own future and security with Protection Plans

  • Protection Plans offer a comprehensive range of life insurance solutions to protect you from the financial effects of injury, illness, permanent disability and death
  • Flexible choices for a fully tailored insurance solution
  • Provides peace of mind knowing you have plans in place to protect yourself and your loved ones
  • Affordable wide-ranging insurance whether you are single, married, starting a family or planning for your retirement

 

Key Features
Flexible plans
  • Flexible choice of ownership structures, inside or outside of your superannuation.
Premium options
  • Choice of “stepped” premiums where your premium increases each year as you get older, or “level” premiums where your premiums stay the same.
Loyalty benefit
  • We reward your loyalty if you hold your policy with us for over 3 years with an additional 5% on your Death, TPD, Living or Children’s Benefit, and an additional $50,000 Death Benefit on your Income Protection, Income Protection Plus and Business Overhead and policies at no charge.
Multi-policy discount
  • The more policies you have in St.George Protection Plans, the more you’ll save, with a 5% discount if you are covered by more than one St.George Protection Plans policy.
CPI increase
  • Keep up with inflation with an annual CPI increase of 3% per year.
Guaranteed renewable
  • Guaranteed renewable cover and guaranteed upgrades.

For an additional cost, you also have the option to include:

  • Needlestick Benefit: provides a one-off lump sum payment if you contract HIV, Hepatitis B or C while performing your duties as a medical professional
  • Children's Benefit: provides a one-off lump sum payment if your child suffers from one of a range of specified medical events.

Don’t get caught out saying ‘it won’t happen to me’

Insurance is all about protecting the things and people that matter if you aren’t in a position to do so yourself. It provides real help when you need it, if you get hurt and can’t work, become disabled, or worse, you lose your life. It’s at that life-changing point in time you’ll want the reassurance that you and your family will be looked after.

Unfortunately Australians are chronically under-insured when it comes to our more precious assets of all – ourselves. Consider these facts:

  • 1 in 4 females will get cancer before the age of 751
  • 1 in 3 become disabled for more than 3 months before the age of 65 and have no income2
  • 1 in 13 people claim on a home and contents policy3

An insurance payout can make a huge difference to the immediate wellbeing and future comfort of those you love. In the event of something happening to you, your insurance payouts can be used to:

  • Clear debts
  • Pay for funeral expenses
  • Invest to generate replacement income
  • Cover childcare costs for dependants
  • Pay medical expenses
  • Pay for medical rehabilitation
  • Pay for home medications
  • Make any necessary lifestyle changes.

St.George Protection Plans put you in control in times of uncertainty and helps provide peace of mind.

How Protection Plans can work for you

St.George Protection Plans provide a comprehensive range of insurance solutions that offer protection for a wide range of situations. You can tailor the policy to your individual needs. This includes deciding who is to own the policy, how to structure the payment options and which premium options you choose.

Protection we provide

Cover Benefit
Term Life Insurance  Pays a benefit in the event of death or on diagnosis of a terminal illness.
Living Insurance  Pays a benefit if the Insured Person suffers from one of a range of specified medical events such as cancer, a heart condition or loss of a limb.
Total and Permanent Disablement (TPD) Insurance  Pays a benefit if the Insured Person is unlikely to work again, perform household duties again, or suffers a loss of ability due to a permanent disability.
Income Protection and Income Protection Plus Income Protection and Income Protection Plus replaces up to 80% of the Insured Person’s monthly income if they are unable to work.
Business Overheads Provides funding for allowable business expenses if you are unable to work in your business because of sickness or injury.

Need more detail?

A St.George Financial Planner can help you tailor a plan to suit your individual financial circumstances and life stage.

You can access a copy of the St.George Term Life as Superannuation Annual Report here.

To discuss your specific insurance needs and devise a strategy tailored to you, arrange to meet a St.George Financial Planner or call us on 1300 366 416 between 8am - 6.30pm, Monday to Friday (Sydney time). For more information, you can view the Product Disclosure Statement and Policy Document (PDS) or ask a question.

How to apply

Important information: 

Westpac Life Insurance Services Limited ABN 31 003 149 157 (Westpac Life) is the insurer of Protection Plans.  All Protection Plans are issued by Westpac Life, except for Term Life as Superannuation, which is issued by Westpac Securities Administration Limited ABN 77 000 049 472 (WSAL).  The trustee of Term Life as Superannuation is WSAL which is part of the Superannuation Division of Westpac MasterTrust ABN 81 236 903 448, SFN 281412 SPIN WFS0112AU RSE R1003970.

These policies are distributed by St.George Bank – A Division of Westpac Banking Corporation ABN 33 007 457 141 (St.George). Westpac Life is a subsidiary of Westpac Banking Corporation (Bank). St.George Financial Planners are representatives of the Bank. These policies are not an investment in or deposit with the Bank. Neither St.George, the Bank nor any member of the Westpac Group (other than Westpac Life as insurer) guarantees these policies.

This information has been prepared without taking account of your personal objectives, financial situation or needs (your personal circumstances). Because of this you should, before acting on this information, consider its appropriateness, having regard to your personal circumstances. Conditions, limits and exclusions on cover apply, details of which are explained in the relevant Product Disclosure Statement and policy wording (PDS). Before making a decision about these policies, you should obtain and consider the relevant PDS. A PDS can be obtained by downloading it here, calling 1300 366 416 or visiting any St.George branch.

1 Cancer Institute NSW, ‘The Cancer in NSW Incident and Mortality Report’ 2007

2 Calculation based on data of individual disability income insurance sold by Australian life offices, Institute of Actuaries of Australia 2002. Report of the Disability Committee, IA Aust, Sydney.

3 Insurance Statistics Australia, June 2010