Bring your insurance to UniSuper

If you have cover with another super fund or provider, you may be able to transfer it to UniSuper. It’s one way we can help you prepare for the unexpected.

Insurance cover with UniSuper

If you already have Death, Total & Permanent Disablement (TPD) or Income Protection insurance elsewhere, you may be able to transfer your cover from one or more providers to UniSuper to potentially gain a few benefits.

• we bulk-buy insurance cover, which helps keep your premiums down
• when things in your life change, you can review your cover in one place
• premiums are conveniently deducted from your super account automatically.

Prepare for your transfer

Before you apply, it's worth evaluating your cover-related needs—both now and for the future.

Consider your situation

  • Your circumstances

    You might factor in things like your:

    • current financial and personal circumstances
    • any tax implications
    • the level of cover you need
    • how you’ll pay for your premiums.

    If you transfer cover from another provider, it won’t affect your eligibility for default cover with UniSuper.

  • Your eligibility

    To see if you’re eligible to transfer your insurance cover from another provider, read the Insurance in your super booklet available at unisuper.com.au/pds.

Transfer limits and premiums

  • Income Protection

    Subject to your eligibility:

    • You may be able to transfer the lesser of:
    • up to 85% of your salary
    • $29,900 per month (69 units).
    • Your premium is determined by:
    • your age
    • how long the benefit is payable (your benefit period)
    • your waiting period.
    • Defined Benefit Division (DBD) members can’t transfer Income Protection cover.
  • Death and Total & Permanent Disablement (TPD)

    Subject to your eligibility:

    • you may be able to transfer up to $2 million of cover
    • the total maximum TPD cover is $3 million
    • we’ll round up your transferred cover to the nearest $1,000
    • your premiums will increase over time
    • we’ll convert any existing unitised cover you already have with us to fixed cover.

To learn more about our insurance products, read the Insurance in your super booklet available at unisuper.com.au/pds.

Review your level of cover

As your life changes, so can your insurance needs. Our financial tools and advice services can be a helpful way to determine if you have the right level of cover.

Insurance calculator

Our insurance calculator can help you calculate your cover needs, including Income Protection, Death cover, and Total and Permanent Disablement (TPD). It can also help work out premiums.

General advice

UniSuper membership includes general advice with our super consultants at no extra cost. You can book an appointment to discuss insurance transfer basics by phone, video, or in person depending on where you live.

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Personalised advice

With personalised advice, we develop a strategic plan based on your circumstances. The cost of your advice depends on what we’re helping you with, but your first meeting is obligation-free.

How to apply for a transfer

If you meet the eligibility criteria, you can transfer your cover by logging into your online account or returning the completed transfer insurance cover form to us.

Important things to keep in mind

When you’re planning your insurance changeover, make sure:

  • we confirm your transfer of cover before you cancel your existing cover with your other provider
  • you have enough in your super account to cover your premiums when they’re due.

Your cover will start on the later of:

  • the date our insurer accepts your application to transfer cover
  • the date you cancel your existing cover with your other super fund or provider.

Frequently asked questions

We’re here to help

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Get in touch

If you have any questions about insurance transfer or your cover, please give us a call. You can reach us from 8.30am to 6.00pm (Melbourne time) Monday to Friday.

Transfer your insurance

With your online account, you can quickly and easily apply to transfer your insurance.

Get financial advice

Chatting to one of our super consultants can help you better understand how insurance transfers apply to you.

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