The following summary applies to members with Vision Super products. If you have an Active Super product, please select 'Active Super products' above.

To check your current level of Insurance cover log in to your online account and select Insurance.

If you join Vision Super with a Vision Super Saver account, you will be provided with some insurance cover automatically if you meet eligibility and other conditions relating to the commencement of 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. Vision Personal members can apply to the insurer to be underwritten for insurance cover, or transfer cover from another super fund into Vision Super. Terms and conditions apply so its important you consider the relevant PDS for information about eligibility criteria, when cover starts and ends, the cost of cover and the amount and type of cover available automatically or on application to the insurer.

Insurance cover that makes sense for your situation

We have three types of insurance cover available, and we keep the cover flexible so that you can choose the amount of cover to suit you.

Death and total & permanent disability cover

Death cover can provide a lump sum payment if you die while you are an insured member. 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.

Total & permanent disability cover (TPD) can provide a lump sum payment if you become sick or injured and are unlikely to ever work again.

How do I get cover?

Generally, you will gain automatic Death & TPD cover after you join Vision Super with a Super Saver account through part or full-time employment with a participating employer. There are rules around your employment, account balance and age. You must be aged at least 25 and have an account balance of $6,000 for automatic cover to start, unless you elect to have cover regardless of your age/account balance. If you are not eligible for automatic cover, you can apply for insurance cover. You can do so by logging in to Member Online or completing the Opt in to insurance form and returning it to us. All insurance cover is subject to the terms and conditions of the insurance policy, between the Insurer and the Trustee. 

If you hold insurance in another super fund or outside of super, you are able to transfer that insurance into your Vision Super accumulation account. See the terms and conditions on the Insurance Transfer form for more information.

Tailor your cover

Depending on your needs and circumstances you can customise any automatic cover you receive or are entitled to receive. You have the option to keep only death cover (by cancelling any automatic TPD cover), increase or decrease the amount of cover, or change it to fixed cover. Fixed cover allows you to maintain the same level of cover over time (subject to the cover cessation age), but premiums will increase as you get older.

Income protection cover

Income protection is designed to help replace your lost income if you can’t work due to illness or injury.

How do I get cover?

Generally after you join Vision Super Saver through full or part-time (but not casual) employment with a participating employer and you meet eligibility and other conditions, you are automatically insured for 75% of your annual salary (maximum annual salary of $128,000), up to a total of $8,000 per month. Any income protection benefits under this automatic cover will be paid after a 60-day waiting period, for up to two years. You may also be eligible to increase your income protection insurance cover, if your salary increases and usually without having to provide medical evidence, within two months of the salary increase. If you are not eligible for automatic cover, you can apply for insurance cover.  All insurance cover is subject to the terms and conditions of the insurance policy between the insurer and the Trustee.

Tailor your cover

If the automatic cover doesn’t meet your needs, you can tailor your income protection cover to meet your personal requirements. You have these options:

• Increase your cover to (a maximum of) 85% of your annual salary or $30,000 a month, whichever is less.

• Increase the length of time you’re eligible to be paid benefits in the event of a successful claim, from two years to up to age 65.

• Shorten your waiting period from 60 to 30 days.

• Reduce the amount of cover, or even cancel your cover entirely, if it doesn’t suit your needs.

The following information applies to members with Active Super products. If you have a Vision Super product, please select 'Vision Super products' above.

To check your current level of Insurance cover log in to your online account and select Insurance.

Types of cover

For members with an Active Super accumulation product there are three types of cover (Death, Total and Permanent Disability and Salary Continuance) available. You may automatically be provided with a default amount of cover (Basic cover) or you can request additional cover (including Salary Continuance cover which is only available on application to the insurer) tailored to your specific needs (Voluntary cover). Terms and conditions apply so it's important you consider the relevant PDS for information about eligibility criteria, when cover starts and ends, the cost of cover and the amount and type of cover available automatically or on application to the insurer.

Basic Insurance Cover

Basic Insurance Cover is the cover automatically provided to eligible members through their super fund. Here we summarise how it works.

What is basic insurance?

Generally, after you join the Active Super Saver product through a participating employer, you are automatically provided with insurance cover for Death and Total and Permanent Disablement (TPD) when you meet eligibility criteria and other conditions. No medical examinations are required. You must be at least 25 years of age and have at least $6,000 in your super account balance for automatic cover to commence, unless you elect to have cover regardless of your age/account balance. You can do this by logging in to Member Online or completing the Opt in to insurance form and return to us.

How much cover do I have?

To find out your current level of cover, simply log in to Member online and navigate to the Insurance section.

Voluntary Insurance Cover

Voluntary Insurance Cover can help you get the right level of cover for you and your family conveniently and at competitive rates.

If you are eligible to receive some basic insurance cover, this may not be enough to cover you and your family in times of need. For this reason (or if you aren't eligible for basic cover), you can apply to the insurer for additional voluntary insurance cover at competitive rates.

How does it work?

The types and levels of cover available are:

• Lump Sum Death Only cover: you can apply for a minimum amount of $50,000 with no maximum Death only cover.
  

• Lump Sum Death and TPD cover: you can apply for a minimum of $50,000 for both Death & TPD with a maximum of $3,000,000 for TPD with no maximum for Death cover.
  

• Salary Continuance Insurance cover: up to 85% of your income with a minimum of $1,000 per month and a maximum of $300,000 per annum.
  

You can apply for this cover via Member Online or the mobile app. Alternatively you can complete the Voluntary insurance application form. All applications are underwritten by the insurer. The cost of cover is dependent on factors such as your age, gender, occupation, etc. 

You can also retain your cover even if you leave your employer, provided you continue to meet the terms and conditions of the insurance policy. 

If you hold insurance in another super fund or outside of super, you are able to transfer that insurance into your Active Super accumulation account. See the terms and conditions on the Insurance Transfer form for more information.