Do you have insurance already?
You may already have insurance cover with another super fund. Or life insurance you’ve taken out. Your employment EBA might even include some insurance cover.
If you already have cover and you’re thinking about applying for insurance through AustralianSuper, there are a few things to think about. Do you need more cover? Who pays for the cover you already have (you or your employer)? If you pay for it, are the costs deducted from your super account or your take home pay?
If you decide you need Income Protection through AustralianSuper as well as elsewhere, you might be able to claim on both policies, so you receive one benefit at a time.