Insurance in uncertain times

The COVID-19 pandemic is impacting us in ways we couldn’t have imagined at the start of 2020. The change to our lives has been swift and severe, leaving us to wonder what the future holds.

As we work through the changing landscape of this crisis, we’re committed to keeping you updated with relevant information, and to help where we can. One of those areas is insurance through your super.

We don’t have a pandemic exclusion for COVID-19 on any insurance cover or inbuilt benefits we offer.

Here’s an overview of the types of cover available.

Accumulation 1, Accumulation 2 and Personal Account members

Insurance cover available to you includes:

• Death and Total and Permanent Disablement (TPD) cover. This cover can offer financial protection in the event of death, becoming terminally ill, or being unable to work again due to permanent disability (eligibility criteria apply).
• Income Protection (IP) cover. This cover can offer financial protection if you’re temporarily off work because you’re injured or ill (eligibility criteria and waiting periods apply).

A note about IP cover
While IP cover can provide you with ongoing income and occupational rehabilitation support while you’re temporarily unable to work because of an injury or illness, it won’t cover you for loss of income if your employment has changed as a result of the COVID-19 crisis.

The Australian Government has unveiled several support measures, including income support for individuals, JobKeeper payments for households, and temporary early access to super. We encourage you to investigate the Government’s measures if your employment has been impacted by COVID-19.

Defined Benefit Division (DBD) members

If you’re an eligible DBD member, the cover and benefits available to you includes:

• Death and Total and Permanent Disablement (TPD) cover. This cover can offer financial protection in the event of death, becoming terminally ill or being unable to work again due to permanent disability (eligibility criteria apply).

• Inbuilt benefits. Similar to insurance cover, inbuilt benefits can provide financial protection in the event of death, becoming terminally ill, disablement or temporary incapacity.

We’re still here to help

As always, we’re here to help if you have any questions. Give us a call on 1800 331 685 or email us with any questions you have about your account. We’re currently experiencing an increased number of enquiries, but we’re working hard to respond to all calls and emails as quickly as possible.