The industry fund for the people who care
We offer you the choice of two options for the level of Death and/or TPD cover you may have – fixed or unitised levels of cover.
If you choose fixed insurance cover, you’re selecting to be covered for a specific dollar amount of cover, for example, $300,000. Fixed cover can be purchased in multiples of $1,000 up to a maximum of $5 million for Death cover and $2 million for TPD cover.
Fixed cover does not change as you age, however, the premium you pay is reviewed and may change each year on 1 July depending on your age.
Unitised cover is based on a standardised cost per unit of cover. The amount of cover changes as you age but the premium you pay remains the same.
If you are eligible when you join via a registered employer, you’re automatically provided with two units of unitised Death and TPD cover.
You can switch between unitised and fixed cover at any time. However, combinations of unitised and fixed cover are not available. If you already have unitised cover and would like to switch to fixed cover, you will be allocated an equivalent amount of fixed cover, rounded up to the next $1,000.
You can apply for additional cover at any time.
The Health Super division, through insurance policies underwritten by AIA Australia Limited ABN 79 004 837 861 AFSL 230043 (AIA Australia), offers Health Super members life, total & permanent disability and income protection insurance cover. The Trustee reserves the right to replace the policies, to vary their terms and conditions (including the level of cover) and the amount of premiums. The Trustee will notify members of any proposed changes.