Opt-in to insurance
The Australian Government requires certain members to opt-in to either receive or keep insurance cover through their super account.
New members who are under 25 and/or have a balance below $6,000 must opt-in to receive insurance cover.
Meanwhile, existing members with accounts that have been inactive for 16 months or members with balances below $6,000, who have not opted-in to keep their cover, will have their insurance cancelled.
The measures are part of new regulations designed to preserve the super balances of members with inactive or low balance accounts for longer, by ensuring members are not paying insurance premiums for cover they may not need.
I want to opt-in for insurance
Frequently Asked Questions for existing members
Frequently Asked Questions for new members
These case studies are based on real-life scenarios and show the difference that insurance could make.
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If want to learn more or need help with making a decision about your insurance, 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.