Significant Event Notices (SEN)

Significant Event Notices 2013 onwards
Notice date Nature of event or change Impact of the change
May 2018 Cancellation of the City of Melbourne corporate income protection policy, effective 1 July 2018.

From 1 July 2018, employees of City of Melbourne, who are Vision Super members will be required to fund their Income Protection Cover, it will no longer be subsidised by the City of Melbourne.

The Super Saver City of Melbourne Product Disclosure Statement (PDS) will be withdrawn and members who elect to continue their Income Protection cover will be covered under the Vision Super Saver PDS.

30 March 2015

Changes to the premiums and terms and conditions for the death and total and permanent disablement (TPD) insurance offered through the Super Saver, Super Saver City of Melbourne, and Personal Plan that took effect on 1 January 2015. The premiums for the death and TPD insurance offered to members of the Super Saver, Super Saver City of Melbourne, and Personal Plan were decreased. There were also changes to the terms and conditions for the death and TPD insurance policies for the Super Saver, Super Saver City of Melbourne, and Personal Plan.

NOTE: this notice was sent to members who only have death and total and permanent disablement (TPD) insurance through the Super Saver, Super Saver City of Melbourne, and Personal Plan. Due to the relevant legislative requirements, members who have death and TPD and income protection insurance through the Super Saver and Personal Plan were advised of these changes (and the income protection insurance changes) on or about 1 December 2014. 
16 February 2015 The discontinuation of the Vision SuperVantage account service for Vision Income Streams products. From 31 March 2015, the Vision SuperVantage Account service (offered through Cuscal Limited) for Vision Income Streams products will be discontinued.
22 January 2015 Changes to the premiums for the death and total and TPD and income protection insurance offered through the Vision Super Saver Australian Services Union (ASU) Plan. From 1 March 2015, the premiums for the death and TPD insurance offered to members of the Vision Super Saver ASU plan were increased from 0.86% of an insured member’s salary to 0.89% of an insured member’s salary.  

From 1 January 2015, the premiums for the income protection insurance offered to members of the Vision Super Saver ASU plan were reduced from 1.18% of an insured member’s salary to 1.08% of an insured member’s salary.
1 December 2014 Changes to the premiums and terms and conditions for the TPD and income protection insurance offered through the Super Saver and Personal Plan from 1 January 2015. The premiums for the death and TPD insurance offered to members of the Super Saver and Personal Plan were decreased, and the premiums for the income protection insurance offered to members of the Super Saver and Personal Plan were increased. There were also changes to the terms and conditions for the death and TPD and income protection insurance policies for the Super Saver and Personal Plan.
27 August 2013 Change to the Super Saver death only and death and disability cover from 1 October 2013.  
 
Changes in default payment period for Super Saver income protection.
Insurance cover costs were increased for death only and death and disability cover for the members of the Vision Super Saver Plan. 

The default payment period for Super Saver income protection is now available until age 65 (on application).
28 October 2013 Change to the Personal Plan death only and death and disability cover from 1 December 2013. Insurance cover costs were increased for death only and death and disability cover for the members of the Vision Super Personal Plan.
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