Cover types
Your insurance options
| Death & TPD cover | Death only cover | Income protection cover | |
|---|---|---|---|
| Description | Provides you and your family with financial security if you die or become permanently disabled. | Provides your family with financial security if you die. | Provides a replacement income if you are affected by an injury or illness that impacts on your earnings. |
| Eligibility | VicSuper FutureSaver members under age 70 (TPD cover is not available to members who are aged 65 or over upon joining), legally permitted to reside and work for reward in Australia. | VicSuper FutureSaver members under age 70, legally permitted to reside and work for reward in Australia. | VicSuper FutureSaver members under age 65, working at least 14 hours per week, either self-employed, a casual employee, a contractor with a contract with your employer of at least six months, or a permanent employee, and legally permitted to reside and work for reward in Australia. |
| Automatic cover | (Employeesaver members only) 6 units (Up to $309,000 depending on your age) Increase your cover with minimal health evidence if you are within your special insurance offer period. |
(Employeesaver members only) 6 units TPD cover is not available to new members joining after age 65. Increase your death cover without having to complete lengthy forms or undergo medical tests, if you are within your special offer period. |
(Employeesaver members only) 6 units (Up to $3,000 per month) Increase your cover, or change your benefit period to 5 years, or change your waiting period to 30 or 60 days, without having to complete lengthy forms or undergo medical tests, if you are within your special insurance offer period |
| Maximum cover available | Unlimited death cover Up to $5 million TPD cover |
Unlimited | The lesser of $30,000 per month or 85% of your gross annual income |
| Cover options |
Unit-based or Fixed | Unit-based or Fixed | Waiting periods 90 (default), 60, or 30 days Maximum benefit period 2 years (default), 5 years or up to age 65 |
| Premiums | Vary depending on your cover type | Vary depending on your cover type | Vary depending on your cover type |
| Calculate premium | Calculate premium | Calculate premium | |
| Download handbook | Download handbook | Download handbook |
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