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

Why insure through your super?

Are you a DBD member? Any external insurance cover you have through your super comes in addition to inbuilt Death and Disablement benefits.

Don’t wait for the worst to happen.

Everything might be ok now, but what if you were 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?

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

Insuring through your super is usually cheaper

The great thing about getting insurance cover through a super fund (like UniSuper) is that it’s more convenient and often cheaper than taking out a policy directly with an insurance company.

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

These 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  event that you become terminally ill or are permanently disabled. If you die, your dependants and/or estate will receive a lump-sum payment.

Income protection cover

Imagine if something happened and you couldn’t work for some time? If you’re an eligible Accumulation 1, Accumulation 2 or Spouse Account member, Income Protection cover might be able to help supplement some of your income.

How to be covered

There are a number of ways you can have insurance through your super:

Buying a home? Getting married? Having a baby? Is your salary increasing? You might be able to increase your insurance cover when it matters the most.

Going back to work after making a claim

If you return to work after claiming a temporary incapacity benefit or Income Protection benefit—even if you're working fewer hours —you must let us know

Transfer your insurance cover

You may be able to transfer your insurance cover from another 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 a snapshot of the insurance cover available through your super. Before you make any decisions, take a look at the detailed information in the documents relevant to your membership category. 

Source: Rice Warner, Insurance through superannuation, 20 April 2016.