As a result of legislation introduced in 2005, many super funds offer members limited cover for total and permanent disablement, income protection, and death cover (including terminal illness), which comes standard with an account.
Having insurance through your super can be a cost-effective way of protecting yourself and your loved ones if something happens to you.
This is because your premiums receive a tax rebate, and you’re part of a policy that covers a large group of members – which means the cost is generally lower than if you took out the same cover as an individual.
Depending on the fund, insurance may be tailored to specific roles or industries.
For example, due to the unique nature of work for pilots, cabin crew, and ground staff, it can be difficult for workers in the aviation industry to get insurance cover through an external policy. So our cover has been designed with these roles in mind.
Another benefit of receiving insurance cover through your super is that the cost may be easier to manage than an external policy. The premiums are deducted directly from your super balance, so they don’t have to be accounted for in your household budget.
Perks and benefits
There should be more to a super fund than simply putting your money away for retirement.
While most super funds offer members a variety of perks and benefits, it’s worth taking some time to think about the types of perks that matter to you.
For example, are you after discounted tickets to events, access to products from a fund’s partner financial institutions, advice and education, or other perks?
Remember that in some cases your fees may be paying for access to these perks, so take some time to consider what you’re happy to pay for.
Qantas Super offers you a range of benefits – and you can start taking advantage of them straight away.
One of our most loved benefits is our advice service, which allows you to speak to a Super Adviser over the phone or face-to-face at no additional cost. This service, along with our online education and range of seminars, can help you take control and set a plan for your financial future now.
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Simple steps to set up your super
We're here to help
If you need help with making a decision about your super, you can get simple advice over the phone or face to face. It’s included as a part of your membership so there’s no extra cost.
You can log into your account to check your contributions, review your insurance cover, calculate your income in retirement, and more.