Insurance through your super is a simple way to make sure you and your family have financial certainty through life’s most difficult times.
If you’re eligible, you may automatically receive basic insurance cover to help you when you or your family, need it most.
This page is about insurance offered by our insurer, TAL. If you’re a Defined Benefit Division member, read about the inbuilt benefits that are provided in addition to insurance.
Types of cover for you
Death cover
Death cover pays a lump sum to your family or beneficiaries if you pass away. It can also pay a lump sum if you’re diagnosed with a terminal illness
Total and Permanent Disablement (TPD) cover
TPD cover pays you a lump sum payment if you can’t work again due to permanent disability (eligibility criteria applies).
Income Protection cover
Income Protection cover can pay up to 85% of your pre-disability income (including up to 10% super) as a regular monthly payment if you’re off work because you’re injured or ill (eligibility criteria applies).
- You can choose your payment period - two years, five years or to age 65
- You can choose your waiting period - 30, 60 or 90 days
- Your cover can continue up until you’re 65 years old
This cover is not available for DBD members. Accumulation 1 and Personal Account members will need to apply for Income Protection cover. Accumulation 2 members will generally receive Income Protection cover when transferring from the DBD.
Pre-existing conditions
A pre-existing condition (PEC) means you won’t be covered for a condition that existed when your cover commenced or recommenced, until the restriction has been removed. Some of the situations in which a PEC period applies to:
- cover provided on transferring to Accumulation 2
- cover Personal Account members choose when joining UniSuper
- TPD cover that has commenced but an employer contribution has not been received within 180 days of cover commencing.
Read more about exclusions in our Insurance in your super booklet (PDF, 1.9MB) booklet.
Why insure through your super?
Affordable
Insurance with your super can be more convenient than taking out a policy directly with an insurance company—it’s deducted from your super account rather than out of your own bank account, and we help keep your premiums costs down with the benefits of bulk-buying.
Flexible
Experience a change in circumstances? You can adjust your insurance cover while you’re a member with us. Depending on the type of insurance cover you have and the product you’re in, you can increase, decrease or cancel your cover at any time. Apply online and read more about changing your insurance cover.
We’re here to help
If you have questions about your insurance cover, call us on 1800 331 685 or email us.
Need some advice?
If you’d like some tailored advice, UniSuper Advice helps thousands of members navigate the financial side of important life events, like figuring out the right level of cover they need. If you need help, call UniSuper Advice on 1800 823 842 or email us.
This page provides a snapshot of the types of insurance cover that may be available to UniSuper members. Before making any decisions, read the product disclosure statement relevant to your membership category and the Insurance in your super booklet (PDF, 1.93MB).
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