Life Insurance Australian Super. It is distributed by australian life insurance distribution pty ltd abn 31 103 157 811 afsl 226403 (ali). Australiansuper provides most members with basic insurance cover with their super account.
Please carefully consult the australian super life insurance pds for all the details. This insurance calculator has been made available to anyone by australiansuper pty ltd abn 94 006 457 987, afsl 233788, the trustee of australiansuper abn 65 714 394 898 to help better understand if an individual’s financial circumstances were impacted by a life event how it can be protected through insurance cover. The productivity commission estimated in 2018 that around 12 million australians have life insurance, such as death, tpd and income protection, through their super fund.
When applying for more coverage, you’ll usually have to provide detailed health information.
Source:supplied holding life insurance in a superannuation fund is about to get trickier. Every year, more than $500 million in life insurance claims are paid out to aussies with inactive super accounts, according to a national awareness campaign by aia australia, mercer, and commonwealth superannuation corporation. Choosing to be insured can provide you with a safety net for life’s most challenging times. More than 70% of australians that have life insurance hold it through super.