Keeping your insurance if you’re not making regular contributions

The Government’s Protecting Your Super package aims to protect everyone’s retirement savings from being eroded by insurance premiums unnecessarily. This means if you don’t receive regular contributions into your account, your insurance will be cancelled.

Your insurance and account inactivity

Regardless of your account balance, your insurance cover will be automatically cancelled if your account hasn’t received a contribution or rollover in a consecutive 16-month period.

Things to consider

Everyone’s situation is different and it’s important to consider what’s appropriate for you and your needs. If you’d like to keep your insurance cover, you need to do one of the following before your cover will be cancelled at the expiration of your 16-month inactivity period:

We will write to you if you’re at risk of losing your insurance. It’s important to note that if your cover is cancelled, to have cover again in the future you may have to apply and provide health evidence to our insurer.

You should check if you have insurance with another super provider and compare it to your UniSuper cover before making a decision about keeping your insurance with us.

Check your cover is right for you

How much insurance you need depends on your current (and future) circumstances. It’s important to regularly review your insurance to ensure it meets your needs. The Insurance needs calculator is a good place to start.

If you want to change or cancel your cover, log in to your online account and go to the Insurance page.

We’re here to help

If you have any questions about your insurance, please contact us.