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Protection Plans

  • St.George Protection Plans provide 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 retired

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.

Integrated insurance solution with Wrap

To make your life easier, we offer both on and off platform life insurance options, as well as consolidated DeskTop reporting and an additional premium discount of 10% when a Protection Plans policy is linked to a Wrap/SuperWrap account.

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 a CPI increase each 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



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 BT Adviser 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 and the St.George Income Protection as Superannuation Annual Report here.

To discuss your specific insurance needs and devise a strategy tailored to you, arrange to meet a BT Adviser 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.

Making an insurance claim can be daunting. That’s why we do everything we can to help you through the process with a Claims team that is here to streamline the process for you.

Call 1300 366 416, 8am-6.30pm, Mon-Fri (Sydney and Melbourne time) to start your claim and we will guide you through every step.

How to apply

Important information

The Insurer of St.George Protection Plans is Westpac Life Insurance Services Limited ABN 31 003 149 157, AFSL Number 233728 (‘the Insurer’).

St.George Protection Plans is issued by the Insurer except for Term Life as Superannuation and Income Protection as Superannuation which are issued by Westpac Securities Administration Limited ABN 77 000 049 472, AFSL Number 233731 (‘WSAL’) as trustee of the Westpac MasterTrust ABN 81 236 903 448. The Insurer and WSAL are wholly owned subsidiaries of Westpac Banking Corporation ABN 33 007 457 141 AFSL 233714, (‘the Bank’). BT Advisers are representatives of Westpac Banking Corporation ABN 33 007 457 141 AFSL & Australian Credit Licence 233714 (Westpac). BT Advice is a division of Westpac. Neither the Bank, [St.George Bank (which is a Division of Westpac),] nor any member of the Westpac Group (other than the Insurer) guarantees the benefits payable in relation to St.George Protection Plans. St.George Protections Plans are not an investment in, deposit with, or other liability of the Bank.

This information has been prepared without taking into consideration your personal needs and financial circumstances. You should consider the appropriateness of this information with regard to your objectives, financial situation and needs. Before making a decision in relation to St.George Protection Plans, you should consider the St.George Protection Plans Product Disclosure Statement (‘PDS’) and consider whether the product is right for you. The PDS explains conditions, terms, limits and exclusions and is available from downloading it here, calling 1300 366 416 or by visiting a St.George Branch.

Important Notice for Protection Plans

St.George Protection Plans are distributed by the Bank. The St.George Bank Privacy Statement is available here.

St.George Protection Plans
Product Update

Effective date: 1 July 2017

APRA has approved an application by Westpac Life Insurance Services Limited to restructure its statutory funds under the Life Insurance Act 1995 (Cth).

As a result, from 1 July 2017, the section headed ‘Where we put your money’ at page 78 of the PDS is replaced with:

Term Life, Standalone Total and Permanent Disablement, Flexible Linking Plus, Children’s Benefit, Needlestick Benefit, and the insurance policy issued by the Insurer to WSAL under Term Life as Superannuation are included in the Westpac Life No. 1 Statutory Fund. All other Policies are included in the Westpac Life No. 2 Statutory Fund. We pay your benefits from these funds. The money in the funds is regulated under the Life Insurance Act 1995.