Insurance premiums from 1 July 2019

From 1 July 2019, insurance premiums will increase. The Government’s changes to insurance in super along with the increased costs of providing cover have unfortunately caused our Insurer, TAL Life Limited, to raise insurance premiums for all UniSuper members with insurance.

Premiums shown include stamp duty and an administration fee of 6% of the insurance premium charged to cover the costs associated with administering the insurance arrangements. The administration fee is inclusive of GST and any tax credits that are applicable to UniSuper. Please note, insurance premiums are not fixed and can be expected to change from time to time. Members will be given written notice of any changes.

UNITISED COVER - PER UNIT
  Death only  TPD only  Death and TPD
Pricing per week $1.10  $0.98  $1.85


FIXED COVER ANNUAL PREMIUM RATES PER $1,000 INSURED BENEFIT
Age (next birthday) Death only ($) TPD only ($) Death and TPD ($)
15 0.24  0.22  0.42
36 0.26  0.23  0.43
37 0.28  0.24  0.45
38 0.30  0.25  0.49
39 0.32  0.28  0.54
40 0.35  0.32  0.58
 41  0.38  0.34  0.64
 42  0.43  0.39  0.72
 43  0.49  0.43  0.80
 44  0.54  0.49  0.92
 45  0.62  0.55  1.02
 46  0.68  0.60  1.13
 47  0.76  0.68  1.25
 48  0.84  0.76  1.42
 49  0.94  0.83  1.55
 50  1.03  0.93  1.74
 51  1.17  1.03  1.96
 52  1.28  1.14  2.14
 53  1.44  1.28  2.41
 54  1.58  1.41  2.68
 55  1.78  1.59  3.01
 56  2.05  1.83  3.43
 57  2.21  1.95  3.70
 58  2.39  2.13  4.02
 59  2.53  2.26  4.27
 60  2.71  2.44  4.59
 61  3.01  2.68 5.07 
 62  3.36  3.00  5.66
 63  3.81  3.40  6.42
 64  4.07  3.64  6.88
 65  4.39  3.92  7.41
 66  4.97  4.42  8.37
 67  5.71  5.09  9.63
 68  6.34  5.66  10.70
 69  7.15  6.36  12.04
 70  8.15  7.27  13.75
 71  9.51  N/A  9.51*
 72  11.41  N/A  11.41*
 73  14.26  N/A  14.26*
 74  17.83  N/A  17.83*
 75  22.81  N/A  22.81*

* Death only from age 70



ANNUAL PREMIUM PER UNIT OF INCOME PROTECTION COVER OF $433 PER MONTH (OR $100 PER WEEK) WITH A 90-DAY WAITING PERIOD
 Age (next birthday)  2-year benefit period ($)
5-year benefit period ($)
To age 65 benefit period ($)
15-39  9.4  16.78 36.75
40-44  15.56  27.77 60.83
45-48  23.88  42.62 93.36
49-51  33.45  59.73 130.81
52-54  38.60  68.93 150.99
55-57  53.90  96.25 210.78
58-60   58.12  103.80  227.31
61-63   71.49  106.71 106.71 
64   56.79  56.79  56.79
65   18.94 18.94   18.94


ANNUAL PREMIUM PER UNIT OF INCOME PROTECTION COVER OF $433 PER MONTH (OR $100 PER WEEK) WITH A 60-DAY WAITING PERIOD
Age (next birthday) 2-year benefit period ($)
5-year benefit period ($)
To age 65 benefit period ($)
15-39
 12.76  21.32 46.82
40-44  21.12  35.26 77.46
45-48  32.40  54.15 118.93
49-51  45.41  75.86 166.66
52-54  52.41 87.56  192.34
55-57  73.17  122.24 268.54
58-60   78.89  131.81  289.59
 61-63  85.37  130.19 130.19 
 64  70.42  70.42 70.42 
 65 23.50   23.50  23.50


ANNUAL PREMIUM PER UNIT OF INCOME PROTECTION COVER OF $433 PER MONTH (OR $100 PER WEEK) WITH A 30-DAY WAITING PERIOD
Age (next birthday) 2-year benefit period ($)
5-year benefit period ($)
To age 65 benefit period ($)
15-39
18.30  30.54 67.28
40-44 30.26  50.55 111.38
45-48 46.47 77.59 170.95
49-51  65.11 108.71 239.53
52-54 75.15 125.48 276.47
55-57  104.93  175.19 385.98
58-60  113.14  188.90  416.22
 61-63 115.24  177.03 177.13
 64  98.84  98.84 98.84
 65 32.96  32.96  32.96