Insurance cover

We consider insurance cover to be an important element of your super. It’s about protecting you and your family so that if you die, become seriously ill, injured or even temporarily unable to work, your family can afford to keep things running.

We've improved our insurance rates!

We have worked closely with our insurer, MetLife Insurance Ltd, to ensure that Prime Super members have access a range of competitive insurance options that can be tailored to suit their individual needs.

Plus we’ve structured our scales so that members get the most cover when they are likely to need it most. This means that the benefit for someone in their early 20’s who may not have a mortgage or children will be less than someone in their mid to late 30’s who is likely to have more responsibilities and need more cover.

All of our insurance rates are listed below. Just select the cover that's relevant to you.

• Default Death & TPD
• Fixed Cover
• Income Protection

For detailed information about our insurance arrangements please see the Insurance section of our Member Guide (Product Disclosure Statement).

Plus there are other great benefits.

When you reach a milestone, we'll make it easier for you to increase your cover

Our insurance needs vary over time. When we’re young with limited financial responsibilities we may not need much insurance cover. But as we purchase assets and increase our personal and family commitments, we’re likely to need more insurance cover.

So to help you make sure you have the most appropriate cover, we’ve made it easier for you to increase your insurance at various ‘life stages’.

What do we mean by life stage?

• Getting married (or commencing a de facto relationship)
• Buying a house 
• Having children

If you pass one of these milestones (or if you think we need some more milestones, let us know – we’re happy to consider it) you’re entitled to request an increase in cover of one additional unit of cover without having to complete the normal underwriting process.

If you've got insurance cover somewhere else, we'll match

One of the factors that can influence an individuals decision to retain membership in another super fund is their insurance arrangements. So if you have cover at another fund, we’ll match it (up to $1 million or $10,000 per month Income Protection cover) if you move your super account balance to Prime Super.

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 easy to understand and are fully explained in our PDS and our comprehensive insurance guide.