Super options

Super Options is a division of AustralianSuper that provides automatic Death & Total and Permanent Disablement cover when you first join and the option of to apply for Income Protection should you also want to also protect your income.

To join this Division, your employer must be pre-approved by the Fund.

Fees and costs

Using the bulk-buying power of AustralianSuper, the fees and costs for administration, investment management and insurance are low.

Performance

AustralianSuper offers good long term performance that can help you save more over the long term. Over five years,
invested in a Balanced investment option, AustralianSuper provided higher savings than an average master trust,
which is a fund run by a bank or insurance company.

Insurance

Super Options members can take advantage of:

• cover provided 24 hours a day, 7 days week – not just when you’re at work
• premiums at discounted bulk rates, which is less than what you’d pay as an individual
• hassle-free premium payments that are deducted from your super account each month
• an option to increase cover at any time to suit your needs (subject to meeting the insurer’s health evidence requirements).

Eligibility for insurance cover

Insurance cover on the following is provided automatically when you subject to a few conditions:

• Death - up to age 70
• Total and Permanent Disablement  - up to age 65
• If you're under age 65, you can also apply for Income Protection insurance.

Maximum cover

The maximum levels of cover available for Super Options members are:

^{*Salary is your current gross annual (before-tax) salary, excluding employer super contributions.}

More information

More information about your insurance options - including costs, forms, beneficiaries and terms and conditions - is available in the Super Options Division Member Guide.

Investment choices

AustralianSuper’s wide range of 17 investment options provides flexibility to meet your investment needs.