Change or cancel your cover

As your life changes, you may need to change your insurance cover.

Updating your insurance cover

Insurance1 cover can be tailored to suit you. You can apply to:

Before making any changes, it’s important to read the Insurance in your super guide. It contains important information about costs, eligibility, cover amounts, when cover starts and stops, limited cover and exclusions.

Download the insurance guide

Making changes to your cover

If you're an AustralianSuper member, you can check your insurance details and current cover by logging into your account online or via the mobile app. If you’re not a member yet, find out how to join.

Update your work rating

The type of work you do impacts the cost of your insurance cover. Find out if you could be paying less for your insurance.

What is a work rating

A work rating classifies the usual activities of your job into one of three ratings:
  • Blue Collar
  • White Collar
  • Professional.
Your work rating is one of the factors that determines how much you pay for your insurance cover. Insurance cover with a Blue Collar rating is the most expensive option.

Why update your work rating

If you're in a higher risk work rating than necessary, you might be paying more than you need to for insurance. The default work rating is Blue Collar, which is the most expensive.
Use our Work Rating tool to find out the work rating for your job.

How to update your work rating

You can apply to update your work rating in your account online.

Effective date of changes

Any change to your work rating will start from the date it’s approved. It cannot be backdated or future dated.
We’ll confirm your new work rating and the new cost of your cover in writing.
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Keep your cover (even if you don’t get paid super)

If your super account becomes inactive, your insurance cover will stop. Your super account becomes inactive when you haven't received any type of contribution or rollover into your super account for 16 continuous months.

There are two ways to keep your cover.

1. Electing to keep your cover

You can elect to keep your cover before your account becomes inactive.
Insurance costs are deducted from your super account and reduce your retirement savings. Think about the impact of insurance costs on your retirement savings when working out what’s right for you.

Elect to keep your cover form

2. Make a contribution

You can make a contribution by adding to your super from your after-tax income2, asking your employer, or consolidating your super3 Your cover will continue but may stop again if your super account becomes inactive in the future.

Make a voluntary contribution

Annual reminder

Each year, we’ll remind you that your election to keep your cover is still in place and that the cost of your cover is being deducted from your super account each month. This will continue until you cancel your cover or if you don’t have enough in your super account to pay for it.

Disclaimers

  1. AustralianSuper insurance is provided by TAL Life Limited (the Insurer) ABN 70 050 109 450, AFSL 237848.
  2. Before adding to your super, consider your financial circumstances, eligibility, contribution caps that may apply, tax issues and when your super can be accessed. We recommend you consider seeking financial advice.
  3. Before making a decision to combine your super, consider any fees or charges that may apply, and the effect a transfer may have on benefits in your other fund such as insurance cover. We recommend you consider seeking financial advice. If you wish to claim a tax deduction for personal super contributions, you must lodge a notice of intent to claim a tax deduction with your other fund before you combine your super.
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