{"id":50193,"date":"2020-05-26T16:00:58","date_gmt":"2020-05-26T05:00:58","guid":{"rendered":"https:\/\/riskinfo.com.au\/news\/?p=50193"},"modified":"2020-05-26T16:56:34","modified_gmt":"2020-05-26T05:56:34","slug":"bt-extends-discount-offer","status":"publish","type":"post","link":"https:\/\/riskinfo.com.au\/news\/2020\/05\/26\/bt-extends-discount-offer\/","title":{"rendered":"BT Extends Discount Offer"},"content":{"rendered":"

BT<\/a> says it will extend its 25 percent discount offer on the first year\u2019s premium for lump sum policies, to 31 July 2020 to help advisers and clients during these uncertain times.<\/p>\n

The insurer says in a statement that the discount applies to new BT Protection Plans Term Life, Total and Permanent Disablement and Living Insurance policies with stepped premiums.<\/p>\n

\u201cThis effectively gives clients three months of free cover. It will be automatically applied through BT\u2019s quote software LifeCENTRAL+, and through premiums modelled in Iress Risk Researcher and other adviser research software,\u201d it says.<\/p>\n

Steve Craig,<\/strong> Head of Adviser Distribution, Life Insurance, BT, says: \u201cWe\u2019re continuing to make the discount available to help advisers and clients during these uncertain times, when insurance is so important, but affordability may be an issue for some clients.\u201d<\/p>\n

The insurer notes that the Reserve Bank\u2019s latest chart pack<\/a> for the Australian economy indicates a dip in consumer sentiment to near GFC levels, and a continuing downward trend in household consumption.<\/p>\n

\u201cMeanwhile, BT\u2019s Financial Health Index survey results show that Australians\u2019 belief that \u201cpaying for life insurance is money well spent\u201d and that it is \u201ccritical to protect what you have\u201d, has held steady during the coronavirus crisis (February to April 2020), compared to the same time last year.<\/p>\n

It notes that among the respondents surveyed for its Financial Health Index:<\/p>\n