Life insurance

You can’t always know what’s around the corner, but you can know that your loved ones are supported if the worst happens.

How Life insurance works

  • What’s built into your membership 

    Most members automatically receive a basic level of Death cover (also known as Life insurance), when they join us. This means no health information is required. Death cover is available from ages 15 – 70.
  • When you’ll be protected

    If you pass away, our Death cover (Life insurance) gives your dependents or beneficiaries a payout of your cover amount as well as your super balance. This lump sum can also be paid to your legal personal representative, or if you’re terminally ill, you may be able to claim it.
  • Important things to know

    • Your basic cover amount is based on your age, work rating and the plan you’re in.
    • You’re also covered for terminal illness if you have Death cover.
    • You can have Death cover (Life insurance) from age 15 to 70
    • You can apply for up to $600,000 of Death cover without any health checks. With a few health questions, you can apply for up to $1 million or ten times salary (whichever is less)
    • Your basic cover remains the same unless you change it. But if you’re under 30 when you join (and haven’t made any changes to your cover) your cover will increase automatically when you turn 20, 25 and 30
    • If you’re 30 or older when you join, you’ll keep the same level of cover unless you change it

    You can apply for payment with your terminal illness benefit if your Life insurance/Death or TPD cover is current and:

    • two of your treating doctors (one must specialise in your condition) believe that even with medical treatment, your life expectancy is less than 24 months from the date they provide medical certificates, and;
    • it’s been less than 24 months since they provided medical certificates

How to increase or change your cover

For information about increasing or changing your Death cover (Life insurance), refer to your relevant insurance plan.

find out more

The cost of Life Insurance cover

The insurance cost of your Death cover (Life Insurance) depends on your age, work rating and whether you decide to have fixed cover or unit cover. These costs are automatically deducted from your super account, so you don’t need to worry about making any payments. 

The easiest way to calculate how much cover you’ll need and what it will cost is by using our Insurance Calculator.

Go to calculator

Want to know more?

To learn about Death cover (Life Insurance) in more detail, download one of the Insurance in your super guides below.

Insurance guide - pdf, 3.9MB

Insurance guide (Public Sector Division) - pdf, 3.8MB

Insurance guide (Finsuper Division) - pdf, 3.9MB

AustralianSuper insurance is provided by TAL Life Limited (the Insurer) ABN 70 050 109 450 AFSL 237848.
AustralianSuper insurance for the Public Sector Division is provided by MetLife Insurance Limited ABN 75 004 274 882 AFSL 283 096 (‘MetLife’ or ‘Insurer’).

How do I cancel my AustralianSuper insurance?

You can cancel your insurance cover through:

  1.  your online account*, or
  2.  complete and submit a Cancel your insurance form  

*This option is not available for Public Sector Division members.

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