The main types of insurance
Consider the insurance you need and how much for each type of insurance. Everyone is different – your individual circumstances will determine your level of cover.
The difference between automatic and voluntary cover
You don’t need to apply to provide evidence of your current state of health to receive automatic insurance cover.
There are automatic cover limits, meaning that if the sum insured exceeds a set limit, evidence of current health is required to purchase insurance above the automatic cover limit.
An automatic cover amount is usually a basic level of insurance cover, so it’s important to consider whether or not you need to add to it.
When you joined Qantas Super, you automatically received default death and total and permanent disablement (TPD) cover (subject to meeting eligibility conditions). The ‘Protecting Your Super’ legislation means that from 1 July 2019, insurance cover is removed from accounts which have been inactive for more than 16 months, unless you specifically opt-in and request the Trustee keeps this insurance in place.
You can call us to see what type of insurance you have.
You must apply to obtain this type of insurance. You’ll need to submit an application that includes information about your current state of health.
The benefits of insurance through super
Case study: insurance through super
You can find out how much insurance cover you may need and how much it will cost using the ASFA Insurance Needs Calculator.