Insurance through BT Panorama

Under legislation, we’re required to stop maintaining the insurance cover held through a member’s super account from 1 July 2019, if:

• your account becomes inactive for a continuous period of 16 months, because it hasn’t received any amounts such as a contribution or a rollover, and
• you haven’t’ opted in to retain your insurance cover, even if the account is inactive for a continuous period of 16months.

To comply with the legislation, we’re required to contact you when your account has been inactive for certain specified periods and provide you with the opportunity to confirm if you want to continue with the insurance cover.

This legislation was passed to ensure that superannuation account balances are not eroded by insurance premiums for cover that members are not aware they hold or no longer need.

Option 1 – Login to your account at www.panoramainvestor.com.au, then navigate to Insurance > Keep Insurance.

Option 2 – Complete and sign the Insurance opt-in nomination form and send it to us by email or post as follows.

Email – scan or photograph your completed form and email it to panoramaoptin@btfinancialgroup.com

Post – send your completed form to 

BT Panorama
GPO Box 2861
ADELAIDE SA 5001

If the super account becomes inactive after a continuous period of 16 months, premiums can’t be deducted, and any insurance cover will cancel. The insurer will provide you notification around cancellation and opportunity to reinstate.     

If the insurance has cancelled, you will need to notify the insurer immediately to reinstate the policy.