Normal terms and conditions and waiting periods apply.

Australian super life insurance exclusions. Youll find details about your insurance options including cover designs work ratings changing or cancelling your cover standard exclusions and information about nominating your beneficiaries. Or 85 of your monthly salary. If you dont know which division youre in you can check by logging into your account and going to My insurance.

Is available from age 15 up to age 70. At AustralianSuper we dont apply the loading but well still record it and let you know what it is. Super funds typically offer three types of life insurance for their members.

Australian super tpd and death exclusions. An exclusion means any claims related to a specific condition or event may be excluded. The exclusion applies to some policies sold through insurance brokers or directly by TAL but does not affect existing customers or people who take out life insurance.

Australiansuper provides most members with basic insurance cover with their super account. Date the cover increased see page 28 for details cant be higher than 500000 for Death and TPD. Only 81 of working Australians have TPD insurance and the median level of cover is only 99500 or less than one and half times median household income.

Sourcesupplied holding life insurance in a superannuation fund is about to get trickier. For example if you receive a right knee exclusion this means youll be covered for an illness or injury that isnt related to the right knee. Cant cause your total.

We recommend you read our Insurance in your super guide for detailed information about our insurance arrangements. Why life insurance from your super fund may not be so super. A premium loading is an extra premium amount applied due to your medical history.