On board with the Insurance in Super Code of Practice
The Trustee of all MLC super funds, which also cover Plum products, proudly announces that it will opt in to the Insurance in Superannuation Voluntary Code of Practice, coming into effect from July 2018.
The Code was handed down in late 2017 after many months of industry consultation. It’s designed to help Australians better understand and manage the insurance available through super, make sure cover is appropriate and affordable, reflect changing employment patterns and improve the claims experience.
Time for a review
While it’s clear that insurance cover through super has helped many Australians and their families at some of life’s most challenging times, we support the sector’s review and the positive outcomes the Code is expected to deliver.
Adopting the Code
We’re pleased to advise that we already meet a number of the Code’s standards, so will now focus on ensuring we adopt remaining parts of the Code which are in the best interests of our members.
We are designing a plan to adopt the Code which we’ll publish online by late 2018.
Download a copy of the Code or call us if you have any questions about your cover on 1300 55 7586 between 8.00am and 7.00pm AEST (8.00pm daylight savings time), Monday to Friday.