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Insurance cover

We have worked closely with our insurer, MetLife Insurance Ltd, to ensure that we have a range of insurance plans that can be tailored to suit each person’s individual needs.

We consider insurance cover to be an important element of your super. It’s about protecting you and your family in the event that you become seriously ill, injured or even temporarily unable to work. This can be traumatic for a family or business and statistics show, in the case of accidents, that it happens more often in regional areas than it does in our cities.

Please do not underestimate the importance of having insurance cover with your super fund.  

It makes sense to take out insurance cover through your super fund

  • It's low cost - Prime Super gets bulk discount insurance rates so your premiums are cheaper. Plus because your premiums are deducted directly from your member account, it's more tax effective.
  • It’s accessible - You have access to automatic default cover without having to do anything other than join as a member.
  • It’s simple - Products are not too complicated to understand and are explained in our comprehensive insurance guide.

Prime Super has seven insurance options to choose from: 

Default cover You are eligible for Default cover and receive two units of Death only or Death and TPD cover when you become a member.
Extra cover  If you have Default Cover you can apply for extra units of cover. If you have a white collar or professional occupation you can apply for Extra Cover at no additional cost. You will be asked to complete a short occupation statement.
Reduced cover You decrease default cover from two units to one unit of Death only or Death & TPD cover.
No insurance You have elected to ‘opt out’ of the Default Cover or you were not eligible for Default Cover and so have no death or TPD cover.
A nominated amount of cover You select and apply for a specific sum insured for Death only or Death & TPD cover, which will not change from year to year.
Income protection insurance You can select any of the above options and apply for income protection cover.
Trauma insurance This insurance will cover you in the event of a medical trauma leaving you unable to work. This option is offered directly through our insurers Metlife and does not cover you in the event of death.

 

Relevant further information

Did you know?

Prime Super has relationship managers operating in rural and regional Australia?

Prime Super is an ASFA member

Important Notice

The advice contained on the Prime Super (incorporating HortSuper and the Australian Hardware & Timber Industries Superannuation Plan (AHTIS)) website does not take into account your particular objectives, needs or financial situation. Before making a decision regarding the acquisition or disposal of a financial product, you should assess whether the advice is appropriate to your objectives, needs or financial situation. You may wish to make this assessment yourself or seek the help of an adviser. Prime Super takes no responsibility for you acting on the information provided. Any decision that you make is at your own risk. Before acquiring a financial product you should obtain a Product Disclosure Statement (PDS) relating to that product and consider the contents of the PDS before making a decision about whether to acquire the product.

Issued by the Trustee: Prime Super Pty Limited ABN 81 067 241 016 AFSL No. 219723 RSE Licence No. L0000 277 Prime Super ABN 60 562 335 823; RN 1000276