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Westpac Life Insurance

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Westpac Insurance homepage
Author Westpac Insurance. Screenshot of Westpac Insurance website.
[Accessed August 22, 2023]

About Westpac Insurance

Westpac New Zealand is a prominent company that significantly impacts the lives of over 1.5 million customers, 5,000 employees, and numerous communities throughout the country.

With a long and storied history dating back to 1861, when their first customer emerged from the Otago goldfields, they’ve grown alongside the nation, and today, more than 1.5 million New Zealanders trust them with their banking needs.

Commitment to financial security: Assisting you on your path to prosperity

As a responsible financial institution, Westpac is dedicated to assisting you in achieving financial security.

They focus on making sure that you are financially secure and protected during unexpected events. You can customise their insurance plans to fit their own needs and goals.

Customer-centric approach: Understanding and realising aspirations

At Westpac, their core purpose revolves around the collective creation of better futures. It defines their identity, drives their actions, and motivates them daily. Their primary focus is to understand what a better future means for you and to assist you in realising your aspirations.

Building a brighter future: Westpac's commitment to sustainability and community

Sustainability and community are fundamental pillars of Westpac's values. They encapsulate the notions of caring for the planet, caring for people, and fostering financial well-being. Through their sustainability endeavours, they actively strive towards building a brighter future for you.

Driving meaningful change: Leveraging financial expertise for well-being

With their 2025 sustainability strategy, they're purposefully taking action to generate positive economic, social, and environmental outcomes.

Leveraging their financial and economic expertise, they’re driving meaningful change and contributing to your well-being.

Keeping stakeholders informed: Accessing non-financial performance

In their commitment to transparency, they provide an environmental, social, and governance (ESG) dashboard that summarises their non-financial performance. This dashboard offers access to published information and policies, promoting accountability and informing stakeholders about their progress.

Recognised excellence: New Zealand Life Insurance Company of the year

Westpac life insurance is now powered by Fidelity Life, a reputable New Zealand insurer. It has a strong track record of honouring claims and has been recognised as the New Zealand Life Insurance Company of the Year. You can find Fidelity Insurance's current financial strength rating on its website.

Westpac Insurance Services

Life is unpredictable, and things don't always go as planned.

Westpac life insurance offers the protection you and your family need in challenging times. They have a variety of life insurance, critical illness, and income protection options available to suit your specific requirements. 

Flexible and risk-free: Westpac 30-day free look period

Choosing Westpac life insurance means you'll benefit from insurance products tailored to your unique circumstances and budget.

They offer a 30-day free look period, allowing you to evaluate your policy. They'll refund any premiums paid if it doesn't meet your needs. In the event of a claim, their dedicated team is committed to efficiently handling the process and providing the support you require.

Their knowledgeable life insurance team is available to assist you with general inquiries, quotes, or making a claim.

Protecting you and your loved ones in times of uncertainty

Westpac takes pride in its commitment to serving its customers and providing them with the peace of mind they deserve. They invite you to explore their life insurance options and discover how they can help protect you and your loved ones during unexpected life events.

Perks offered by Westpac life insurance

  • It provides financial security for you and your loved ones
  • You can choose the coverage amount that suits your needs and budget
  • This can be particularly beneficial if you travel frequently or live abroad

Maintaining stability in challenging times: Optional income cover benefits

If you experience illness or injury that prevents you from working, Optional income cover ensures you receive a monthly payment. This benefit guarantees that your financial responsibilities are met even when you're unable to earn income.

Optional redundancy/bankruptcy cover: A safety net in uncertain times

Offering security during uncertain economic circumstances, Optional redundancy/bankruptcy cover acts as a safety net. If you unexpectedly face unemployment or bankruptcy, this benefit provides financial aid to maintain your standard of living and fulfil financial commitments.

Ensuring stability and security for your beneficiaries

By choosing Westpac life insurance, you secure financial protection for your loved ones in the event of your death or terminal illness. The death/terminal illness benefit provides a lump sum payment to your beneficiaries, granting them stability and security during a challenging period.

Westpac Insurance – Life insurance

  • Product Life Insurance
  • 30-day Free Look Period
    The 30-day free look period allows you to evaluate your policy risk-free, with premium refunds if it doesn't meet your needs.
  • Claims
    A dedicated team committed to efficiently handling claims and providing support when you need it.
  • Income Cover
    Optional income cover offers a monthly payment if illness or injury prevents you from working, ensuring financial stability.

Benefits of Westpac Insurance

  • Provides financial security for you and your loved ones during challenging times
  • Use the "Life Insurance Quick Estimate" feature to get a preliminary indication of required coverage and cost
  • A straightforward application process that considers your health, lifestyle, and financial circumstances
  • Guidance to anticipate future needs by evaluating significant life events and their financial implications
  • Assistance in calculating mortgage costs, monthly expenses, and future financial goals to determine coverage needs

Activate life cover from Westpac in just minutes with their simplified process

The process of applying for their life insurance is straightforward. To get started, you can utilise the "Life Insurance Quick Estimate" feature on their website.

Simply input your information, including age, gender, and smoking history, to receive an estimate of the required life insurance coverage and its associated cost. 

Understanding the preliminary nature of the quick estimate

It’s essential to note that this quick estimate is not a formal insurance quote or offer. It provides a preliminary indication based on the provided information and does not consider your complete financial situation or other relevant insurance details.

The premiums displayed are estimates and are subject to potential changes upon underwriting by Fidelity Insurance Limited, their underwriter.

Ensuring a seamless and transparent application process

Once you’ve obtained an estimate or received advice from their specialists, the next step entails completing a comprehensive application.

This application will need additional information concerning your health, lifestyle, and financial circumstances to determine your eligibility for coverage. It’s vital to provide precise and truthful information to ensure a seamless and transparent application process.

Anticipating future needs: Assessing life events and financial implications

When considering insurance coverage, several factors should be taken into account. It’s crucial to evaluate your financial plan and anticipate future needs.

Begin by reflecting on significant life events such as purchasing a house, merging finances with a partner, starting a family, or witnessing life-altering events involving others. Assess the potential financial implications, including expenses during periods of incapacity to work, major illnesses, or in the event of death.

Calculating mortgage costs, monthly expenses, and future financial goals

To determine your coverage requirements, calculate your mortgage costs, monthly expenses, and future financial goals. Consider expenses associated with education, travel, property, emergency medical needs, or home modifications for disabilities.

These questions will get you started but you may want to speak to those closest to you to decide on how much cover you need.

Hassle-free claiming with Fidelity Insurance for Westpac life insurance

Westpac strives to simplify the claims process for you and more importantly, for your family. The beneficiary simply needs to contact Fidelity Insurance and provide them with the relevant claim details. Their competent claims team will assist throughout the process, ensuring prompt and efficient handling of any claim.

Westpac Insurance Contact

Contact Number

E-Mail

  • not available

Website

Physical Address

Opening Hours

  • Monday 09:30 – 16:00
  • Tuesday 09:30 – 16:00
  • Wednesday 09:30 – 16:00
  • Thursday 09:30 – 16:00
  • Friday 09:30 – 16:00
  • Saturday – Closed
  • Sunday – Closed