AustralianSuper offers flexible, affordable insurance cover for members with a focus on protecting their biggest asset – their future income.
Members pay for insurance from their super account. This means having less for retirement, but having cover provides peace of mind if the worst happens. That’s why it’s a good idea for members to consider if the cover they have is right for them.
Here’s the low down on the types of insurance on offer through AustralianSuper:
- Income Protection – can help if a member becomes ill or injured at work or outside work and can’t work temporarily. It can provide monthly payments with benefit payment periods up to two years, five years or age 65.
- Total & Permanent Disablement (TPD) cover can pay a lump sum if a member becomes totally and permanently disabled and can no longer work.
- Death cover can pay a lump sum to beneficiaries
- Terminal illness benefit comes with Death or TPD cover and can help ease some the financial stress and trauma associated with a terminal illness.
Members can cancel, change or apply for more cover anytime via the AustralianSuper app, log into their account and going to My insurance, or completing one of our paper forms at australiansuper.com/InsuranceForms
Before changing cover, members should read our Insurance in your super guide. It contains terms and conditions about insurance, including costs, when cover starts and stops, and limited cover or exclusions. They can download a copy for their division at australiansuper.com/InsuranceGuide