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BT Income Protection Insurance review

BT Income Protection Insurance is good if you want rehab benefits and lots of flexibility but its super option isn't ideal for some.

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BT life insurance: Our verdict

  • It comes with lots of flexibility – BT Income Protection Assured insurance allows you to choose when your cover starts, how long you're covered for and how much of your salary is covered.
  • Its policies are issued through an adviser so are tailored to your needs.
  • Rehabilitation benefits are available – some insurers don't offer this.
  • You can't take out BT Income Protection Assured once you're over 65.
  • You can also take out cover through super but this may not be the best value option for everyone as it eats into your retirement savings.

Read a more detailed review on:

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Income protection insurance

BT offers an Income Protection Assured insurance policy which replaces up to 70% of your monthly income. It comes with similar benefits to other insurers. These include:

  • Rehabilitation and retraining benefits
  • A monthly benefit which automatically increases annually in line with any Consumer Price Index (CPI) changes, unless you request otherwise
  • A 5% multi-policy discount if you hold more than one eligible BT Protection Plan policy
  • Guaranteed continued cover as you continue to pay your premiums
  • Product upgrades, that don't result in an increase in premiums, get automatically applied to your existing policy

Note: Be sure to check the Product Disclosure Statement (PDS) for terms and conditions.

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Applying for cover

To apply for BT cover,

  • You must be aged 15 – 59 at the time of commencing cover or aged 17 – 65 for any replacement or reinstatement
  • You must be an Australian citizen, a permanent resident of Australia or the holder of an eligible spouse/partner or work visa
  • You must work at least 20 hours per week
  • You must be working in an eligible occupation (speak to a financial adviser or contact BT Customer Relations for more on eligibility)
  • You must not be an undischarged bankrupt

Still wondering if BT is right for you? Here are the main pros and cons summarised:


  • You can also get cover in your super.
  • Policies are guaranteed to continue.


  • You can't take out cover if you're over 65.

What are some of the key exclusions?

As with any insurance, certain conditions and exclusions apply and in the case of BT Income Protection Insurance, a benefit will not be paid if your death or disability is caused directly or indirectly by:

  • an intentional self-inflicted act or attempted suicide
  • an accident while you are under the influence of alcohol or non-prescribed drugs
  • an act of war (whether declared or not), except when you die on war service
  • engaging in any sport, pastime or occupation not normally covered at standard rates
  • any condition that you knew about before applying for cover.

How do I lodge a claim?

BT has a dedicated claims consultant who will talk you through how to lodge a claim. This can make it easier for you to lodge a claim successfully. Not all insurers have this. In some cases, BT may be able to assess your claim on the spot, over the phone.

Compare other leading income protection insurance brands

1 - 6 of 7
Name Product Maximum Monthly Benefit Maximum % of Income Covered Maximum Benefit Period Average Claims Acceptance Rate Sum Insured Apply
TAL Accelerated Protection Income Protection
Up to 70%
Age 65
Data not available
$1,305 million
Get up to 70% of your income covered with flexible short and long term benefit periods.
AAMI Income Protection
Up to 75%
5 years
Data not available
$222 million
Save up to 10% on premiums every year for the life of the policy on AAMI Income Protection. Offer ends 30 Sept 2024. T&Cs apply.
ahm Income Protection
Up to 70%
5 years
Data not available
Data not available
Get 10% off your first year of ahm Income Protection when you apply by 31 July 2024. T&Cs apply.
NobleOak Income Protection
Up to 70%
Age 65
$65 million
With NobleOak, you can lock in a policy with a benefit period covering you up to the age of 65. Cover limits may go as high as $30,000.
Medibank Income Protection
Up to 70%
5 years
Data not available
Data not available
Save 10% on your first year of Medibank Life Insurance when you apply by 31 July 2024. T&Cs apply.
Insuranceline Income Protection
Up to 75%
5 years
$222 million
Protect your family with an Insuranceline policy and you can go into the draw for a chance to win a $1,000 gift card. New Customers only, T&Cs apply. Competition entries close on 31 July 2024.

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Editor, Insurance & Innovations

Gary Ross Hunter was an editor at Finder, specialising in insurance. He’s been writing about life, travel, home, car, pet and health insurance for over 6 years and regularly appears as an insurance expert in publications including The Sydney Morning Herald, The Guardian and Gary holds a Kaplan Tier 2 General Advice General Insurance certification which meets the requirements of ASIC Regulatory Guide 146 (RG146). See full bio

Gary Ross's expertise
Gary Ross has written 730 Finder guides across topics including:
  • Health, home, life, car, pet and travel insurance
  • Managing the cost of living

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