Super comes with insurance

You may be able to access insurance cover through your super fund for events such as loss of income, disablement and death.

Insurance through your super may be cheaper

An advantage of insurance cover held within a super fund is that it’s generally cheaper and more convenient than taking out your own policy directly with an insurance company.

Because we insure a lot of members at once, we receive bulk-buying power which helps drive costs down.

We’ve arranged insurance cover to be provided to eligible members through group life and income protection policies we have with TAL Life Limited (TAL).1

Types of cover

If you’re eligible, you’ll automatically receive, and start to pay for, one unit of Death and Total and Permanent Disablement (TPD) insurance cover when you join UniSuper. All premiums will be deducted from your accumulation account, or from your accumulation component if you’re a Defined Benefit Division (DBD) member.

You can apply at any time to increase your Death and TPD insurance cover. If you’re an
Accumulation 1, Accumulation 2 or Personal Account member you can also access Income Protection cover. Depending on the circumstances, you may be required to provide the Insurer with additional medical information.

If you decide you don’t want the default Death and TPD cover you can opt out by logging into your account. You can also do so in writing at any time by completing a Changing your insurance cover form. Your cover will stop the day we receive your request.

Your cover will also stop in other circumstances, including situations where you don’t have enough money in your accumulation account to cover the premium when the monthly payment is due.

Type of insurance cover available through your super

*Subject to eligibility

1ABN 70 050 109 450, AFSL No. 237848. We refer to TAL as 'the Insurer'.