The industry fund for the people who care
If you suddenly became sick or injured yourself and were unable to earn an income, life could get tough. Sometimes, a happy future means preparing for unhappy possibilities.
With Income Protection, you receive an insurance amount based on a portion of your salary for a period of time whilst you’re unable to work – so you can keep on top of your financial commitments. Any payments will commence after the waiting period and is subject to the Insurer’s approval of your claim.
The benefit payment period is for a maximum of two years from the time of first payment. Benefit payment periods of 5 years or to age 65 is available upon application.
No insured benefits are payable during the waiting period, which commences from the date that you are first examined and certified by a medical practitioner as being totally disabled and unable to work.
If you are eligible for Income Protection cover, your cover is subject to a default 90-day waiting period. You can apply for a 30-day or 60-day waiting period subject to the Insurer’s underwriting criteria and payment of a higher premium. If you would like to do this, please call us on 1800 331 719 to obtain the appropriate form.
To find out more about Income Protection cover, please refer to the Insurance Guide.
Death cover insurance provides a lump sum cash payment to one or more of your dependants, and/or your legal personal representative of your estate, in addition to your superannuation account balance, if you die or are diagnosed with a terminal illness while still a member of our Health Super.
To find out more about Death cover, please refer to the Insurance Guide.
If you’re totally and permanently disabled and are unable to work due to illness or injury, TPD insurance provides you with a lump sum cash payment in addition to your superannuation account balance.
A TPD payment will only be made if you are considered to be permanently incapacitated under superannuation law.
To find out more about TPD cover, including the definition of TPD, please refer to the Insurance Guide.
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.