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How do I get insurance in super with Plum?

Government changes to insurance in super

Protecting super balances from the cost of insurance members may
not need, want or be able to claim on

Getting insurance in super with us

There are multiple ways you can get insurance with us—automatically, or by applying for cover.

Automatic insurance

If you’re a member with us, you could be eligible for automatic insurance.

It’s important to know that when you have insurance cover with us—you can apply to make changes to your cover at any time.

To find out if you’re eligible for insurance cover, review the products listed below to see what we offer and the insurance that’s available:

Plum Corporate Plans

How do I get insurance in super with Plum Super?

We’ll work with your employer to choose an Insurer that’s right for your insurance in super needs.

Our job is to work with a number of major insurance companies to make sure that we have insurance that best suits your industry.

We’ll tailor the insurance benefits to the needs of your employment—so that they best suit your occupation, type of work and safety risks.

If you’re a Plum Corporate Plan member, log in to your online account to check if you have insurance in super. To find out more about your plan’s details, you can also refer to your relevant Insurance Guide.

Plum Personal Plan—transferred members

This information relates to automatic insurance cover for Plum Personal Plan members who’ve transferred from a Plum Corporate Plan.

Find out which insurance types have automatic cover.

  •  

    What is it? Pays a lump sum if you’re medically certified as likely to die within 24 months.
    Is automatic insurance included? When you leave your employer, your Death-only or Death and TPD insurance will be transferred to the Plum Personal Plan. For SCI cover, you’ll need to apply to keep your SCI cover in the Plum Personal Plan. We’ll send you further information about what you’ll need to do to keep your SCI cover in the materials supplied to you at the time you leave your employer. You also must be working at least 15 hours per week to be eligible for SCI cover. If you don’t have insurance when you transfer, you will not be provided with automatic cover.
    Cover can start from age 15 to 64
    Cover ends at age 65
    Are pre-existing medical conditions covered? There are some instances where pre-existing conditions won’t be covered. Please refer to your Insurance Guide for more information about important exclusions.
    Is cover limited if employer contributions are not received? No
    Does work status at date of injury or illness affect cover? No
    Is cover provided if a claim has previously been paid under the same type of cover? No
    Is there a waiting period before a claim can be made? No
  •  

    What is it? Pays a lump sum to your dependants or legal representatives (such as the executor of your estate), if you pass away.
    Is automatic insurance included? When you leave your employer, your Death-only or Death and TPD insurance will be transferred to the Plum Personal Plan. For SCI cover, you’ll need to apply to keep your SCI cover in the Plum Personal Plan. We’ll send you further information about what you’ll need to do to keep your SCI cover in the materials supplied to you at the time you leave your employer. You also must be working at least 15 hours per week to be eligible for SCI cover. If you don’t have insurance when you transfer, you will not be provided with automatic cover.
    Cover can start from age 15 to 64
    Cover ends at age 65
    Are pre-existing medical conditions covered? There are some instances where pre-existing conditions won’t be covered. Please refer to your Insurance Guide for more information about important exclusions.
    Is cover limited if employer contributions are not received? No
    Does work status at date of injury or illness affect cover? No
    Is cover provided if a claim has previously been paid under the same type of cover? N/A
    Is there a waiting period before a claim can be made? No
  •  
    What is it? Pays a lump sum if you’re unable to work ever again due to illness or injury.
    Is automatic insurance included? When you leave your employer, your Death-only or Death and TPD insurance will be transferred to the Plum Personal Plan. For SCI cover, you’ll need to apply to keep your SCI cover in the Plum Personal Plan. We’ll send you further information about what you’ll need to do to keep your SCI cover in the materials supplied to you at the time you leave your employer. You also must be working at least 15 hours per week to be eligible for SCI cover. If you don’t have insurance when you transfer, you will not be provided with automatic cover.
    Cover can start from age 15 to 64
    Cover ends at age 65
    Are pre-existing medical conditions covered? There are some instances where pre-existing conditions won’t be covered. Please refer to your Insurance Guide for more information about important exclusions.
    Is cover limited if employer contributions are not received? No
    Does work status at date of injury or illness affect cover?

    Yes

    Your claim will be assessed differently depending on whether you’ve been working or not

    Is cover provided if a claim has previously been paid under the same type of cover? No
    Is there a waiting period before a claim can be made?

    Yes

    6 months

  •  

    What is it? Provides a replacement income, if you’re temporarily unable to work due to illness or injury.
    Is automatic insurance included? When you leave your employer, your Death-only or Death and TPD insurance will be transferred to the Plum Personal Plan. For SCI cover, you’ll need to apply to keep your SCI cover in the Plum Personal Plan. We’ll send you further information about what you’ll need to do to keep your SCI cover in the materials supplied to you at the time you leave your employer. You also must be working at least 15 hours per week to be eligible for SCI cover. If you don’t have insurance when you transfer, you will not be provided with automatic cover.
    Cover can start from age 15 to 64
    Cover ends at age 65
    Are pre-existing medical conditions covered? There are some instances where pre-existing conditions won’t be covered. Please refer to your Insurance Guide for more information about important exclusions.
    Is cover limited if employer contributions are not received? No
    Does work status at date of injury or illness affect cover?

    Yes

    You must be employed for at least 15 hours per week to claim SCI benefits

    Is cover provided if a claim has previously been paid under the same type of cover? Yes
    Is there a waiting period before a claim can be made?

    Yes

    Check your applicable Insurance Guide for waiting period details

Making sure you're eligible

To be eligible for insurance cover:

  • You must be an Australian Resident or eligible to work in Australia.
  • Automatic cover only applies to cover transferred from your employer plan provided you haven’t ceased employment with your employer due to ill health or injury.
  • To be eligible for Salary Continuance Insurance (SCI) benefits, you must be working at least 15 hours per week and you must have ceased work due to ill health. SCI cover will only be provided automatically if you previously held it in your Plum Super employer plan, and tell us you want to keep it when you join the Plum Personal Plan.
  • Your SCI benefit may be reduced by benefits received or amounts that you’re expected to receive from other sources. This means that your total benefit won’t exceed the Monthly benefit that you’re entitled to. For more information about what payments may reduce your SCI benefit, please refer to the Insurance Guide.
  • It’s important to make sure that you don’t have multiple SCI policies (also called income protection) that you may not need or be able to claim on. If you have SCI or income protection cover elsewhere, it may impact your ability to claim benefits under any SCI provided here.
  • We’re not able to provide automatic insurance cover to super members until you’re at least age 25 and your account balance reaches $6,000. If you want insurance cover, you’ll have to apply and be assessed by our insurer.
  • We can’t continue to provide insurance cover if your super account has been inactive for 16 months, unless you let us know in writing that you’d like to keep it.
  • Insurance cover in the Plum Personal Plan is subject to the eligibility requirements, terms, conditions, exclusions and limitations set out in the insurer’s policy document.

For more information about the eligibility requirements, how much you can apply for, what you’re covered for, when insurance starts and stops, limitations and exclusions and your insurance options—please refer to your Insurance Guide.

Plum Personal Plan—family members

If you’re a spouse or family member in the Plum Personal Plan, and you’d like to get insurance in super with us—you’ll need to apply for it.

The types of insurance cover that we offer (Terminal Illness, Death, TPD and SCI) can start from age 15 to 64 and end at age 65.

To apply for cover, review and complete the Insurance form - Plum Personal Plan. If you’d like to transfer your cover from another provider, complete the Transfer your insurance form.

MLC Limited provides this insurance cover. As part of the application for insurance cover, you may need to satisfy the Insurer’s health evidence requirements. The insurance application form will ask questions about your age, job, medical history, family history, lifestyle and if you take part in any high-risk sports or hobbies. It’s important to let us know about anything that could reasonably impact the decision to insure you.

How much insurance do you need?

We encourage you to regularly review your type and level of cover to make sure it meets your current and future financial needs.

The insurance cover that’s right for you depends on your personal, family and financial circumstances, as well as your income and lifestyle. You can regularly review your account and your insurance cover so that it continually meets your needs—especially when your circumstances may change.

Apply to increase your insurance without health evidence

When you get married, buy your first home or have a child, life can change dramatically—as well as your insurance needs.

We know how important it is to make sure you and your family are protected. That’s why when big things like these happen, some plans offer a way to apply to increase your Death and Total & Permanent Disablement (TPD) insurance without providing health evidence.

To find out if this applies to you, and to see a full list of life events, please refer to your Insurance Guide.
If you’d like to increase your insurance cover, complete the Increase without medical evidence form in your account online within 60 or 90 days (depending on your plan) of the above life event occurring.

Consider seeking financial advice

A financial adviser can help you decide if insurance cover is right for you, as well as help recommend the right products. They also review your insurance needs regularly and can help you adjust your cover to suit you. With experience in handling complexity, a financial adviser can also help you through the application process.

If you’d like to get in touch with a financial adviser, contact us.

Considerations

Cost of premiums

Before taking out insurance, you should consider the cost of premiums and the impact to your retirement savings.

Cost of insurance

Insurance Guide

It’s important to refer to your Insurance Guide for more details about your insurance conditions.
 

Log in to your account

Consolidate your insurance

Check if your plan provides this option by logging in to your online account and look for the Transfer your insurance form.

Login to your account