Insurance through super

It’s always good to have a back-up plan should the unexpected happen. That’s why we offer affordable insurance cover through your super account – to help you (and your loved ones) financially if you become sick or injured (or pass away).

Insurance options to protect you and your loved ones

Death cover

Death cover (otherwise known as life insurance) can provide financial support for your loved ones if you pass away. You can tell us who you’d like your insurance benefit (plus your account balance) to go to by making a beneficiary nomination.

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Total and permanent disablement cover

Total and permanent disablement (TPD) cover provides a lump sum payment if you are unable to ever work again because of a permanent illness or injury. This payment could be used to cover medical bills and to ensure the overall security of your family and your home.

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Income protection

Income protection cover provides a temporary replacement income if you’re unable to work due to illness or injury (specific conditions apply). This means you can continue to pay your bills while taking time to recover and recuperate.

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Insurance cover benefits available to you

Affordable

As a CareSuper member you have access to group insurance rates, which are generally cheaper than insuring yourself individually. And our age and gender-based pricing model helps us deliver value for you.

No health checks

Members eligible for automatic standard cover don't need to provide medical evidence prior to receiving cover.

Tax-effective payments

It could be a tax-effective way to pay for your insurance cover. It's deducted from your super account instead of your take-home pay (which is taxed at your marginal tax rate, and could be a higher than what your super is taxed at).

Flexible

You can decide if you'd like to apply for insurance cover, change or cancel your cover, it's easy to do through the insurance section of MemberOnline or by completing or returning the relevant form.

Insurance cover on parental leave at no cost

Insurance fees waived if you are on parental leave for death, TPD and income protection insurance for up to 24 months — subject to certain criteria.

Convenient

Plus, with the convenience of fees deducted from your super account, it's one less bill and direct debit to worry about.

Delivering more value for you

Our members are constantly evolving, and so should our products and services. As part of our 1 April 2023 review of our insurance offer, we’ve reduced our insurance fees — meaning more super for you. There’s also good news if you have death, TPD cover and income protection, because you’ll now be covered for longer. Plus, we’ve made it easier for new parents to apply for the insurance fee waiver.

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Your pathway to a healthier life

As a member of CareSuper, you and your family¹ have virtual access to professional health and medical services through MetLife 360Health. This popular member benefit is available at no extra cost to you, designed to support your overall health and wellbeing.

Visit 360Health

Tailor your insurance cover so it's right for you

Sometimes custom-made is the best way to get exactly what you want. You have plenty of choice when it comes to tailoring your insurance cover — apply for additional cover, another type of cover, or to decrease your cover. Otherwise, cancel it if it's not right for you.

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¹ The term ‘family’ consists of your children, partner, parents and parents-in-law.