Westpac-owned BT Financial Group aims to have at least three “high-quality insurers” on its life insurance approved product list by March next year.

Westpac Life is currently the only insurer on the list.

“Ensuring clients have high-quality cover that meets their needs has always been the priority,” GM Advice and Private Wealth Jane Watts said.

 “We will be going through a rigorous selection process supported by independent input to make sure the insurance options on our [approved list] meet the demands we expect around the quality of product we recommend to our clients.”