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Benefits of insurance in super

What are the benefits of insurance in super?

  • It’s paid for outside your take home pay - This can be a tax-effective* way to cover the cost of insurance outside of your take home pay - plus you don’t have to remember to pay for it since your insurance premiums are automatically taken out of your super balance.
  • Cost-effective pricing - We’re able to negotiate group discounts on insurance premiums which can generally be lower than taking up insurance separately.
  • Automatic acceptance without medicals - You may be eligible for automatic acceptance depending on the product#. This means you won’t be required to undertake any medical tests or provide evidence of good health to the insurer. 

*Generally taxed at concessional rate of 15%. Please speak with your financial adviser or a registered tax agent to obtain financial advice tailored to your own personal circumstances.

#The types of insurances available, conditions and level of your insurance cover will be specific to the super product or your plan - and are set out in the relevant Product Disclosure Statement and/or the relevant Insurance Guide.

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