Insurance for younger members

On 27 October 2018, we changed the starting age for basic age-based cover from 20 to 25. Read the FAQs to find out more about the change and how you may be affected.

Why we made this change

We know that younger members generally have lesser insurance needs. And, when you have insurance with your super, the cost of it is deducted from your super account. That’s why we made this change – to help reduce the chance of younger members’ super balances being eaten away by insurance costs while they’re starting out in the workforce or working part time while studying.

However some members will need insurance before they turn 25. So if they’re over the age of 15, they can apply for cover anytime.

You can apply for cover anytime

If you became sick or injured, how would you pay the bills? Do you have anyone at home relying on your wage or salary? Sometimes life doesn’t go to plan and everything can change in an instant.

Insurance through AustralianSuper can be a great way to create a safety net for you and your dependants. The good news is you can still apply for cover before you turn 25 – if you need it.

Read the Insurance in your super guide to find out more about applying for cover or log into your account and go to My insurance to apply.

Find out how much cover you need

Our insurance calculator can help you figure out how much insurance you may need and how much it will cost.

Go to Calculator

Over-the-phone advice

For simple, personal advice you can call 1300 300 273 and speak with one of our Financial Education and Advice Team members about your insurance questions and options*.

Find out more

If you don’t want your cover to start at 25

If you don’t want cover to automatically start when you turn 25, you can opt out by cancelling your cover. Log into your account and go to My insurance or complete the Cancel your insurance form.

*The financial advice you receive will be provided under the Australian Financial Services Licence held by a third party and is therefore not the responsibility of AustralianSuper.

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