And AustralianSuper recognises the importance of insurance and provides Finsuper members with access to Death, Total & Permanent Disablement (TPD) and Income Protection cover.
Insurance benefits
Finsuper members can take advantage of:
- Cover that is provided 24 hours a day, 7 days week – not just when you’re at work
- Premiums at discounted bulk rates
- Premium payments that are automatically deducted from your account each month
- An option to increase cover at any time to suit your needs (subject to meeting the insurers health evidence requirements).
Eligibility for insurance cover
Insurance cover is available for:
- Death - up to 70 years
- TPD and Income Protection - up to 65 years.
Maximum cover
The maximum levels of cover available under the Finsuper Division are:
| Type of insurance cover |
Maximum cover |
| Death |
No maximum
|
| TPD |
$3,000,000 |
| Income Protection |
The lower of:
- $50,000 per month (for
payments up to two years)
or $30,000 per month (for
payments to age 65), and
- 85% of your salary.*
|
*Salary is your current gross annual (before-tax) salary, excluding employer super contributions.
Need more information?
More information about your insurance options - including costs, forms, beneficiaries and terms and conditions - is available in the Finsuper Division Member Guide.
You can also login to your account to review your insurance details (Need a PIN? – Request your PIN via our secure email form).
