Straight-forward insurance options

Insurance is designed to give you peace of mind when life is going smoothly, and most importantly, it provides a level of financial support when life gets bumpy.

Insurance through your super is a great way of avoiding the extra fees and administration headaches that come with managing separate policies, and your premiums are paid direct from your super account.

Insurance options

We have three types of insurance cover available, and we keep the policies flexible. That way you can choose the amount of cover to suit you, change or cancel it to suit your needs and circumstances.

Making a claim

We all know life changes and so should your cover. With us, you can increase, reduce, or cancel your insurance cover with ease.

Transferring your insurance

When you transfer a super fund to another account, you need to make sure you transfer any insurance first.

Changing or cancelling cover

We know nothing stays the same, so to make sure your cover suits your lifestyle we made it as simple as possible to make changes or cancel it.

Our voluntary code of practice

Our commitment to you, to provide greater transparency and consistency across the superannuation industry.

Our insurance beliefs

We are always striving to provide insurance designs that are equitable for all our members. We work within eight fundamental insurance beliefs.

Protecting your super

Find out how the Federal Government’s Protecting Your Super Package affects you.

Best Doctors

Best Doctors gives Vision Super members and their immediate family free access to expert medical advice and guidance from the comfort of their own home.

Why insure through your super fund?

There are some good benefits in taking out insurance cover through your super fund:

  • The premiums are paid from your super account, so you don’t have the find the money from your take-home pay.
  • Through our insurer MLC Life Insurance we have negotiated bulk insurance rates, so we can provide you with lower premiums while not compromising on quality.
  • You can choose to increase your super contributions to cover the premium costs, so you’re not paying for your premiums out of your retirement fund. Find out more about contributing to your super.
  • Death benefit payments can usually be paid your dependents tax-free.

How insurance through Vision Super works

Getting insurance cover is easy when you join Vision Super.

If you join Vision Super with a Super Saver account, you’ll get an entitlement to insurance cover, which starts once you meet eligibility criteria or opt in to cover. This cover will start without individual underwriting and without you needing to provide us with any health information. You’re always free to apply to change the cover to suit your needs. This is subject to the eligibility criteria, so do read the small print. 

If you are a Vision Personal member you can apply to the insurer to be underwritten for insurance cover, or transfer cover from another super fund into Vision Super. 

An easy way to calculate your insurance needs

Life changes, and so do your insurance needs. So over time, you might need to increase or decrease your insurance to suit your circumstances.

To figure out how much you need now, try the insurance calculators

Helpful resources

Frequently asked questions

We’re required to have Target Market Determinations under the Treasury Laws Amendment (Design and Distribution Obligations and Product Intervention Powers) Act 2019.

This is to make sure we’re keeping members at the centre of our approach to the design and distribution of our financial products.

This legislation requires financial services product issuers to design products that are appropriate for the consumers in the target market and consistent with their objectives, financial situation, and needs.

A Target Market Determination is a document which describes who a product is appropriate for (target market), and any conditions around how the product can be distributed to customers. 

It also describes the events or circumstances where we may need to review the Target Market Determination for a financial product.

It depends how your details have been changed. The most common request is changing a surname due to marriage, which you can do with a certified copy of your marriage certificate, and a Vision Super “Change of Personal Details form” found here: view form

If you have changed your name another way, we recommend you contact us first on 1300 300 820 so we can outline what documents we need to change your details without issue.

If you want to change your address, you can do this by logging onto the secure member portal online, or calling our Member Services team on 1300 300 820.

You can check your balance 24/7 via Vision Online, our secure member secure site, or via the Vision Super app for mobile devices. You can also contact our Member Services on 1300 300 820 or by emailing us on [email protected]

Here’s how it works. You may be able to receive a tax-free contribution from the Government when you make a non-concessional (after-tax) contribution to your super account.  The maximum entitlement that can be received is $500 where your total income is $41,112 or less in the 2021/22 year. This reduces on a sliding scale and cuts out if your total income is above $56,112 in the 2021/22 year.

This is, of course, provided you satisfy work, income and age tests.

Please note that the income threshold test for the co-contribution is your total income, which is calculated as follows:

Total income (assessable income + reportable fringe benefits + reportable employer super contributions – allowable business deductions).

In very basic terms, ‘salary sacrificing’, or ‘salary packaging’ means using some of your before-tax salary to pay for something. In superannuation terms, it is usually an arrangement between you and your employer to contribute some of your before-tax salary into your superannuation account.

In the 2021/2022 financial year, the maximum that can be contributed as before-tax payments is $27,500, this includes your employer SG payments of 10%.

Please note that any after-tax contributions made, where you obtain a tax deduction, are included in this contribution limit.

Already a Vision Super member?

The great news is you can now open your pension account online through the secure site.

Not a Vision Super member?

You’ll just need to open a Vision Personal account first and then you can transfer across to a Vision Super pension.