Bankwest Life Insurance

At the time of writing, Bankwest does not have a dedicated online portal.

You or your nominated beneficiary can claim with Bankwest by calling St Andrew’s, who issues Bankwest’s Classic Life Insurance product. Bankwest says claims must be made in writing within 120 days of the day of the incident giving rise to the claim.

Before you submit a claim, you may need to have certain details on hand, such as:

• Your policy information
• Information about the incident, if applicable (date, time, place)
• Original birth certificate and death certificate if the claim relates to somebody’s death
• Medical reports, test/examination/laboratory results, if applicable

If your insurance claim is approved, Bankwest will arrange the payment of your benefit to you or your nominated beneficiary or beneficiaries.

Generally speaking, premiums for forms of life insurance such as term life insurance, total and permanent disability (TPD) insurance or trauma insurance may not be tax deductible, according to the Australian Taxation Office (ATO). Ask your tax accountant or financial adviser for more details on this.

If you hold a Bankwest Life Insurance policy, you can apply to increase or decrease the amount of your cover at any time provided you have not been eligible to claim any benefits. Your application will be subject to Bankwest’s assessment and it does not guarantee to accept your application. If you wish to change your policy inclusions, contact Bankwest to discuss your options.

Keep in mind that increasing your level of cover or adding your spouse or children to your policy is likely to result in you having to pay a higher insurance premium.

Bankwest was founded in 1895 by the Western Australian government to provide for farmers. In 2008, it joined the Commonwealth Bank Group.

Bankwest claim to be responsible for a number of banking “firsts” in Australia, including drive-through bank branches, WA’s first after-hours cash dispenser (the pre-cursor to the ATM), and Australia’s first bank to fully implement electronic data processing. They also claim to be the first bank in WA to give women jobs as bank tellers.

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