Illness, injury or death of a loved one can be a financial strain on your family.
Once you are assessed as eligible to receive payment of the benefit, it is paid out as a lump sum to either you directly to help with ongoing living expenses, rehabilitation or medical costs; or even funeral costs.
If you are diagnosed with a terminal illness you may be eligible to receive an early payment of your death cover. This can be paid directly to you.
How do I get cover?
Generally, you will gain automatic Death & TPD cover when you join Vision Super with a Saver account through part or full-time employment with a participating employer. 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. You have the option to keep only death cover (by cancelling any automatic TPD cover), increase or decrease cover, or change it to fixed cover. This will let you maintain the same level of cover over time no matter your age, but premiums will increase as you get older.
Decide what’s right for you
The factsheet linked below has more information about our insurance cover options and how to update your cover. Use the calculators on our site to help you decide what cover you need. It’s important to note that payment of death, TPD and/or income protection benefits are subject to the terms and conditions of the applicable insurance policy/policies at the date of your illness/injury. Make sure you always read the details in the Insurance Guide before making a decision.
More information about Death and TPD cover can be found in our fact sheet
Vision Super Saver Insurance Guide
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.
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.