AustralianSuper provides members with access to affordable Death, Total and Permanent Disablement (TPD) and Income Protection insurance.

Death and Total and Permanent Disablement (TPD) cover

Insurance for Death and TPD is designed to provide financial support if you die or become totally and permanently disabled. 

Cover is available for:

• Death – up to 70 years of age;
• TPD – up to 65 years of age;

provided you are in active employment with an AustralianSuper employer on the date that cover commences.

Active employment means you are not restricted by injury, accident or illness from being capable of performing your full and normal duties on a full-time basis (for at least 30 hours per week) even though actual employment can be on a full-time, part-time or casual basis.

You can apply for up to a maximum of $2 million worth of cover, subject to meeting the insurer’s health evidence requirements.

Members are allowed to have different levels of cover for Death and TPD, provided your level of TPD cover does not exceed the level of Death cover held. TPD only cover is not available.

Please note: If you wish to make an Application for payment of benefit - Disablement,  please contact AustralianSuper's Insurance Claims Services on 1300 659 337 and request that an application form to be sent to you.

Income Protection

Income Protection insurance helps protect your income if you are disabled and temporarily unable to work through illness, injury or accident.

Income Protection insurance provides a monthly income payment of up to 85% of your salary, subject to a maximum amount of $20,000 per month, for up to two years if you are unable to work. The first 75% will be paid directly to you, with any additional benefit of up to 10% paid to your AustralianSuper account.

• Automatic Acceptance Limits
  
• Occupational rating
• Waiting periods 

Automatic Acceptance Limits

You are allowed to apply for Income Protection insurance up to a certain level without having to provide specific information about your health subject to meeting eligibility conditions.

These amounts, referred to as Automatic Acceptance Limits (AALs), are based on your occupational rating. The table below shows the AALs applicable to each occupational rating.

If your salary is greater than the amounts shown for your occupational rating, you can apply to increase your Income Protection Insurance Cover by completing an Application to vary insurance cover form and Personal Statement contained in the Insurance Guide.

Cover is provided subject to acceptance by the insurer. Contact us for a copy or download it from our website.

The Automatic Acceptance Limits are not applicable to members of the Personal Plan as all cover is subject to approval by the insurer.

Your occupational rating 

You may be eligible for lower premiums for Income Protection cover if your occupation can be classified as Low Risk or Professional. You may be eligible for these rates if you work primarily in an office environment and perform no manual work.

Complete the following Insurance Wizard to work out if you are eligible to apply for Low Risk or Professional rates.

Start Wizard

If you did not make a choice when you became a member, your occupational rating will be Standard. You may, however, apply to change your occupational rating at any time after this date by completing the Application to Change Occupational Rating form. Contact us on 1300 300 273 for a copy or download it here.

Waiting periods

 The waiting period is the period of consecutive days that you are totally disabled and that must elapse before your Income Protection benefit becomes payable. You must be totally disabled for at least 14 of the first consecutive 19 days of the waiting period to qualify for a benefit. The waiting period commences on the day a medical practitioner examines you and certifies that you are totally disabled.

AustralianSuper members can choose to have their waiting period be either 30 or 90 days. If you do not make a choice, you will be automatically provided with a 30 day waiting period.

After your claim has been accepted, benefits will be paid monthly in arrears and will start from the end of the waiting period. No benefit is payable during the waiting period. Payment of your benefit is subject to you meeting insurance policy requirements and may be reduced if you receive other payments or income. Please refer to the Insurance Guide for further details.