Insurance
Insurance cover is an effective way of providing you and your family with financial security in the event of illness, injury or death. Unfortunately, many Australians are at risk of being underinsured, including many with no insurance cover at all.
Why have AvSuper insurance?
AvSuper provides members with access* to affordable
Death and Total &
Permanent Disablement (TPD) and Income Protection insurance. Cover is
provided 24 hours a day, 7 days a week - not just when you are at work.
These insurance policies may provide a substantial financial
benefit to your dependents in the event of your death, or directly to you if you become totally and permanently disabled.
Insurance cover through your AvSuper account provides:
- death and Total & Permanent Disablement (TPD) cover** based on your age and occupation (based on four occupation classes)
- insurance premiums at discounted group rates, significantly less than similar insurance policies you could buy outside of super
- easy payments - premiums are deducted automatically from your super account
- options which allow you to increase your insurance cover at any time (you may have to provide medical information to the Insurer)
- optional income protection cover, including for heavy blue collar workers such as fire fighters
AvSuper's insurance is provided by Hannover Life Re (the Insurer) ABN 37 062 395 484
* Terms and conditions apply and costs may vary between account categories.
Please refer to the Product Disclosure Statement
(PDS) for your membership category or check out our AvSuper Member
insurance guide.
** Some cover is provided automatically if you are a
Corporate member
or your employer has chosen AvSuper as their default super fund
* The Insurance Map presentation is provided Towers Watson, a service provider
to AvSuper.
For further information on life insurance and income protection insurance, look at these webinars from Outlook Financial Solutions, our financial planning partner (click on the type of insurance to see the webinar.)
