Change of insurer notice - AESA and APPP

The Board of BT Funds Management Limited has appointed AIA Australia Limited (AIA) as the new group life insurer for the insurance offered in our Asgard Employee Super Account and Asgard Personal Protection Package products, effective 1 July 2020.

AIA is an award-winning global insurer with over 47 years' experience in Australia, that shares our philosophy of supporting the health and wellbeing of our members.

The insurance arrangements for our Asgard Employee Super Account members and members with insurance cover under an Asgard Personal Protection Package policy will continue, however will be provided by AIA from 1 July 2020*.

There is no change for members who had a claim in progress before 1 July 2020. They can continue to contact their Claims Consultant.

If members need to make a claim, they can contact us for help.

This does not impact BT Protection Plan policies which continue to be provided by Westpac Life Insurance Services Limited (WLIS) on the Asgard platform.

Some Frequently Asked Questions and Answers

Who is AIA?

AIA Australia Limited (AIA) has over 47 years' experience in Australia. They provide life insurance for some of Australia's largest super funds and currently protect over four million Australians.

Will I see AIA on the insurance forms and documents?

We are updating our insurance forms and documents to reflect AIA as our group life insurer as quickly as is reasonably possible.

In the interim, please continue to use our existing forms and documents.

Where can I go for more information about insurance through super?

Asgard Employee Super Account offers insurance options to help protect your family, your lifestyle and your investments in the event of a personal crisis. Learn more about insurance here. For more information about our Asgard Personal Protection Package, please refer to a financial adviser.

If you need help considering new or existing insurance arrangements, you can speak with your financial adviser (if you have one).

How can I find out more about my insurance arrangements?

Members can log into their Asgard account to see their current insurance arrangements at any time via Investor Online.

Who can I contact for help with my insurance?

If you have any questions about your Asgard account please call 1800 998 185 from 8.30am to 7.00pm (Sydney time) Monday to Friday or contact us at asgard.com.au/about-us/contact-us/. Please note that we're currently experiencing a high volume of calls, so we thank you for your patience during this time.

* From 1 July 2020 we'll share member's personal information, employer super plan's insurance details and adviser's details with AIA in line with our Privacy Policy.

IMPORTANT INFORMATION
This information is current as at 2 July 2020.
BT Funds Management Limited ABN 63 002 916 458, AFSL Number 233724, RSE License No. L0001090 (BTFM) is the trustee and issuer of Asgard eWRAP Super (including all badged offerings), Asgard Open eWRAP Super, Asgard Infinity eWRAP Super, Asgard Managed Profiles and Separately Managed Account - Funds Super, Asgard Employee Superannuation Account (AESA) and Asgard Elements Super (Asgard Products). Asgard Capital Management Limited ABN 92 009 279 592, AFSL Number 240695 (Asgard) is the administrator and custodian of the Asgard products, which are part of the superannuation fund known as the Asgard Independence Plan Division Two, ABN 90 194 410 365, RSE R1055580. Asgard Capital Management Limited ABN 92 009 279 592, AFSL 240695 (ACML) is the administrator and custodian of AESA.
A Product Disclosure Statement (PDS) is available for Asgard Personal Protection Package and can be obtained from your financial adviser or by calling 1800 731 812. You should obtain and consider the PDS before deciding whether to acquire, continue to hold or dispose of your Asgard Products or insurance products.
A Product Disclosure Statement (PDS) is available for AESA and can be obtained by calling 1800 998 185 or visiting asgard.com.au/aesa. You should obtain and consider the PDS before deciding whether to acquire, continue to hold or dispose of interests in AESA.
This information has been prepared as general advice only and does not take into account your personal objectives, financial situation or needs and so you should consider its appropriateness, having regard to these factors before acting on it.
BTFM, Asgard and WLISL are subsidiaries of Westpac Banking Corporation ABN 33 007 457 141, AFSL Number and Australian Credit Licence 233714 (Westpac).
Apart from any interest investors may have in underlying bank accounts held at Westpac through an Asgard Cash Account or Westpac securities acquired through Asgard, an investment in or acquired using Asgard products is not an investment in, deposit with or any other liability of Westpac or any other company in the Westpac Group. These investments are subject to investment risk, including possible delays in repayment of withdrawal proceeds and loss of income and principal invested. Westpac and its related entities do not stand behind or otherwise guarantee the capital value or investment performance of any investments in or acquired through Asgard products.