No limit

Maximum Cover


Maximum Entry Age

Terminal Illness Benefit

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Product NameBT Life Insurance
Maximum Cover No limit
Terminal Illness Benefit
Funeral Benefit $25,000
Guaranteed Renewability
Cooling-off (days)30
Online Quote
BT life insurance is not currently available via Finder. You can visit their website at for more information or compare alternative options available here.

BT life insurance: Our verdict

  • It comes with a business benefit that lets you increase your cover without medical underwriting.
  • It's policies are issued through an adviser so are tailored to you.
  • It comes with a loyalty benefit after you've held a policy for 3 years.

  • You may encounter a policy fee on top of the premium.
  • It comes with a future insurability benefit which allows you to increase your cover without being medically underwritten – but some other insurers offer this benefit.

Read a more detailed review on:

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Life Insurance

Key points of BT Life Insurance

  • The lump sum is payable in the event of death or diagnosis of a terminal illness which is likely to result in death within the next 24 months.
  • It comes with a loyalty benefit that provides an additional 5% at claim time once you've held the policy for more than three years.
  • It comes with a future insurability benefit which allows you to increase the cover in the future without being medically underwritten.

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

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Optional cover

Key points of BT optional cover

When you take out a Life insurance policy, you also have the option to add on the following:

  • TPD Benefit: Pays out if you become totally and permanently disabled.
  • Living Benefit: Pays out if you suffer a specified medical event such as cancer, stroke or heart attack.
  • Business Cover Benefit: This allows you to increase your cover if a specified event occurs to help match the growth of your business without additional medical evidence.
  • Needlestick Benefit: This is only available to certain medical professionals and can pay a lump sum if you are diagnosed with occupationally acquired HIV, hepatitis B or hepatitis C.
  • Children's Benefit: This pays a lump sum if the insured child passes away or suffers from a medical event covered by BT Protection.

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

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Applying for cover

Applying for BT cover

You must:

  • Be an Australian citizen, permanent Australian resident, or the hold an eligible spouse/partner or work visa.
  • Be between 15 and 69 years old to apply.
  • Apply with an adviser over the phone.

BT life insurance pros and cons

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


  • Option to get cover through super.
  • Wide range of cover choices to suit your personal needs.
  • Award winning cover (Life Insurance Company of the Year, 2016).


  • Standard premium rates (for all policies) can be changed at anytime.
  • Policy fee on top of the premium.

Does this insurer have any rewards programs included with its cover?

To reward you for your loyalty, after you have held your BT life insurance cover for three years from the commencement date of your policy, an extra 5% of your sum insured will be added to any Death Benefit, TPD Benefit, Living Benefit or Children's Benefit payable when you make a claim. This increase is provided at no extra charge.

Compare other direct life insurance policies below

Name Product Maximum cover Maximum Entry Age Fully Underwritten? Terminal Illness Benefit Optional Extras
NobleOak Life Insurance
TPD cover, Trauma cover
Cover up to $15,000,000 with NobleOak Life Insurance.
Real Family Life Cover
TPD cover, Trauma cover
Get a refund of 10% of the premiums you've paid (in the first 12 months) with The Real Reward™ .
Medibank Life Insurance
TPD cover, Trauma cover
Medibank health members save 10% on premiums every year. T&Cs apply.
Zurich Ezicover Life Insurance
No optional
Get your first month free and a 10% discount by taking out a second life insurance policy (discount applies to the second policy). T&C’s apply.
ahm Life Insurance
TPD cover, Trauma cover
ahm Health members can save 10% off premiums.
RAC Life Insurance (Only available in Western Australia)
TPD cover, Trauma cover
When you purchase RAC Life Insurance, WA residents receive complimentary RAC membership which includes access to discounts on fuel, savings on shopping, entertainment and more. T&Cs at

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    Default Gravatar
    March 19, 2017

    What is the date for determining TPD for a mental illness claim? Is it the date the person left work, or the date after 12 months of medication and rehabilitation that it was proved by two doctors that the person now does qualify for TPD.

      Avatarfinder Customer Care
      March 27, 2017

      Hi Gms,

      Thank you for your question.

      You have contacted, a comparison and information service and not actually BT Life Insurance.

      You will need to contact BT Life Insurance directly about this matter.


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