Death and total & permanent disability cover

With the right cover, you can provide financial protection for you and your loved ones.

Death can place financial strain on the family and the death cover benefit is paid out as a lump sum to help your loved ones cover funeral costs and ongoing living expenses. This cover also comes with Total and permanent disability (TPD). A permanent injury or illness can make it difficult and sometimes impossible to return work. In that situation, if you have TPD it can help provide a financial safety net to support you and your family, and pay for medical and rehabilitation costs. It is usually paid as a one-off, lump sum payment.

How do I get cover?

Generally, you will gain automatic Death & TPD cover when you join Vision Super Saver through part or full-time employment with a participating employer. However, there are rules around your employment, account balance and age. Automatic cover is subject to the terms and conditions of the insurance policy, between the Insurer and the Trustee. 

Tailor your cover

Depending on your needs and circumstances you can customise your cover. You have the option to increase/decrease your cover, change It to fixed cover. This will let you maintain the same level of cover over time no matter your age. Please note that this will mean your premium will increase the older you get. 

Decide what’s right for you

Read up on more information about our insurance cover options, update your own cover, or use our calculators to decide what cover you need. It’s also important to note. The payment of death, TPD and/or income protection benefits is subject to the terms and conditions of the applicable insurance policy/policies. Make sure you always read the details which you’ll find in the Insurance Guide.

 

More information about Death and TPD cover can be found in our fact sheet

Vision Super Saver Insurance Guide

Insurance calculators

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

Use our insurance calculators to figure out how much is right for you.

Other insurance options

Income protection cover

Income protection cover provides you with an income for up to two years if you can’t work due to illness or injury

Death cover

Death cover, also known as life insurance, will provide your loved ones with financial support if you die. 

We're here to help

You might find the answer to your question in the FAQ below. If you don’t find it there, you can call our Member Services hotline on 1300 300 820.

Also before you make any changes to your cover please consider seeking financial advice. If you would like to speak with a Vision Super financial planner you can call 1300 300 820 to make an appointment. 

Frequently asked questions

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.

If you’re contributing by BPAY, it can take Vision Super up to two business days to receive your contribution, then up to three business days to process, although most are done the same day they are received. This will depend upon your financial institution’s processing times.

If you’re contributing by cheque, you will need to allow enough time for your chosen postage method to reach us. Once it has arrived, it can take up to five working days to process.

We can also process contributions by EFT, however, this may take up to three business days.

Best Doctors can help you if you are dealing with an illness, or a chronic or serious condition.

Through your insurance, you and your family get access to Best Doctors which connects you with a network of 50,000 leading medical specialists from around the world. It offers a second opinion when you need it most, to make sure you received the right diagnosis and are on the best treatment plan. You can use Best Doctors at anytime, anywhere, as often as you need for no extra cost, and it’s completely confidential.

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.