Insurance

Super is more than just retirement savings. 

Did you know you may be able to access insurance cover through your UniSuper membership? In fact, you might already have been provided with automatic insurance cover and not even realise it.

Why insurance through your super?

Are you a DBD or Accumulation 2 member who has insurance cover through your super?  You will also be entitled to inbuilt Death and Disablement benefits.

Don’t wait for the worst to happen

Everything might be ok now, but what if you became injured, fell ill, or died? Now ask yourself these questions:

  • Could you get by financially without working?
  • Could you afford ongoing medical treatment with your current savings?
  • Could your family (or whoever relies on you) get by financially if you died or weren’t able to provide?

Insurance through your super can be an affordable way to give you some peace of mind about your financial future.

Insurance through your super is usually cheaper

The clever thing about insurance cover through a super fund (like UniSuper) is that it’s generally cheaper than taking out a policy directly with an insurance company.

Because we insure a lot of members at once, we receive bulk-buying power which helps drive premium costs down.

These lower premiums are deducted from your super. 

Types of cover

Death and Total and Permanent Disablement cover

You’ll receive a payment (if you’re eligible) in the difficult event that you become terminally ill or are permanently disabled. If you die, your dependents or estate will receive a lump sum payment.

Income protection cover

Imagine if something happened and you couldn’t work for some time? Income Protection cover might be able to help supplement some of your income, if you’re an eligible Accumulation 1 or Spouse Account member.

Life events cover

Buying a home? Getting married? Having a baby? You might be able to increase your death and TPD cover at a time when it matters the most. 
Visit the dedicated 'My Insurance' page for important information about the changes to UniSuper's insurance offering.

How to be covered

There are two ways you can have insurance through your super:

Take a look at how you could be covered through your super, depending on your membership.

Type of insurance cover available through your super

Membership type Insurance cover you may be eligible for
Accumulation 1
Defined Benefit Division Any insurance cover you receive will be in addition to your inbuilt benefits
Accumulation 2 Any insurance cover you receive will be in addition to your inbuilt benefits
Spouse account

Going back to work after making a claim

If you return to work after claiming a temporary incapacity benefit, even to fewer hours than what you were working before, you must let us know

Transfer your insurance cover

You may be able to transfer your insurance cover from your fund into UniSuper provided you meet certain criteria.

Who provides the insurance through your super?

The insurance you have through your UniSuper membership is provided through group insurance policies we’ve taken out with TAL Life Limited (who we refer to as “the Insurer”).

Learn more

This page only provides you with a snap shot of the insurance cover available through your super. Before you make any decisions take a look at the detailed information in the document relevant to your membership category: