Changing or cancelling your insurance
Life doesn't stay the same. So why should your insurance?
Starting out. Buying a home. Having children. Or getting older. Your insurance needs are likely to change throughout your life. VicSuper offers members the ability to increase, decrease or change their insurance cover as their circumstances change.
How to change or cancel your cover
You can increase, decrease, change or cancel your existing cover in the following ways:
- complete the online application in MembersOnline and depending on the cover you are applying for, you may receive an immediate approval, or your online application will be forwarded to our Insurer (MetLife) for further assessment
- Alternatively, you can download and complete the relevant forms available at forms and publications and return to VicSuper.
You can use either of the steps above to transfer unit-based cover to the equivalent level of fixed cover.
Increase your cover
You need to apply to increase your insurance or to make other certain changes to your cover.
Within the special insurance offer period
VicSuper FutureSaver EmployeeSaver members who joined through their employer and are within their special insurance offer period can apply to increase their insurance with minimal health evidence.
Your special insurance offer period ends 90 days from the date of the letter advising your insurance cover upon joining VicSuper FutureSaver. Once you elect to make a change to your death and TPD or income protection cover, your special insurance offer period ends.
Get up to...
8 units of cover (up to $412,000 depending on your age) by completing the eligibility questions.
Get up to...
8 units of cover (up to $4,000 per month) by completing the eligibility questions
If you're not within your special insurance offer period (EmployeeSaver only) or you're a PersonalSaver member, you can still apply to increase or change your insurance.
It isn't difficult, but there are some forms to complete, and approval of your application will be subject to our Insurer (MetLife) assessment.
Don't sit there wondering - our team members are here to help!