Easy steps to check your insurance

You insure your home, car, and valuables. So, what about insuring your life and income? That’s where insurance through super can help.

Insurance through super can be a convenient, cost-effective way to help you protect your income against the unexpected. Having insurance means you and your family could pay bills and cover expenses if you’re unable to work, or worse, die.

If you haven’t already changed or cancelled your cover, you may have some level of insurance through your super. Follow our easy steps to check your cover and work out what’s right for you.

 

AustralianSuper offers 3 types of insurance

Death cover (Life Insurance)

If you have dependents, Death cover can help ease the financial stress on your loved ones if something were to happen to you.

Total & Permanent Disablement (TPD) cover

TPD can help if you become totally and permanently disabled and can no longer work.

Income Protection

Income Protection can help if you become ill or injured (either at work or outside of work) and can’t work temporarily.

Understanding insurance through super

This short video provides a simple overview of insurance through super. Find out about the types of cover available, how you can check if you’ve got cover and how to decide if it’s right for you.

Understanding insurance through super

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3 steps to see if your cover is right for you

It’s a good idea to review your insurance cover every 12 months or after big changes in your life. Making sure you have the right insurance cover through super is easy – here’s what you can do:

Check your cover

As an AustralianSuper member, it's likely you have Death and TPD cover. You might also have Income Protection.

To find out your level of cover you can:

 

The benefits of insurance through AustralianSuper

An infographic that highlights the benefits of insurance through super through a series of images. The first image talks about how we work hard to negotiate discounted bulk insurance rates to keep our cover affordable. The second image talks about how we run only to benefit members, and you only pay for what it costs to provide your insurance. The third image highlights that your insurance costs (premiums) are deducted from your super account each month, not your take-home pay. The fourth image talks about how there were more claims accepted, fewer disputes and quicker processing on some products when compared to insurance purchased directly through an insurer*. The fifth image shows how over the past 10 years, we’ve processed over $3.68 billion across more than 59,700 claims† to help members and their families. And the final image highlights how we paid $470 million in claims to members and their families in 2020 – across 9,800 claims – in FY19/20†. That’s an acceptance rate of 96.5%, higher than the industry average of 94.8%.‡

Caroline’s story: Why insurance matters

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