What you get with Prime Super

Insurance cover is a valuable inclusion in your super, designed to protect you and your family when you need it most.

Prime Super’s insurance options provide you with peace of mind knowing you are covered, should the unexpected occur. As a member of Prime Super, you can access Death Only, Death & Total and Permanent Disability (TPD), Terminal Illness and Income Protection insurance at competitive rates (subject to eligibility), which can be tailored to suit your individual needs.

Default cover for Prime Super members

When you join Prime Super you are provided with a default level of Death & TPD cover (with Terminal Illness), which is a basic level of cover designed to provide some support to you and your family in the event that you become terminally ill, are injured, or die.

Insurance is changing

It’s important to note that your default insurance cover in Prime Super may be cancelled if your member account has been inactive for 16 continuous months or more, meaning that no contributions or rollovers have been made to your account in that time.

You can elect to keep your insurance cover by:

• Logging in to your secure MemberOnline account and opting to keep your insurance cover OR
• Completing and returning an Election to Maintain and/or Reinstate Insurance Cover Form OR
• Contributing to your account, or rolling over funds from another super fund into your Prime Super account, before your account has been inactive for 16 months.

Important information

Eligibility criteria, conditions and exclusions apply to insurance cover with Prime Super. Prime Super has three divisions – Super, Health and Education. You should read the appropriate Member Guide before deciding whether the insurance offered is appropriate for you. Please note you will be allocated to the Super division if you are not in the Health or Education divisions.

Insurance premiums are deducted from super balances which can reduce the amount of money available for retirement. If you have a low account balance, or you are no longer receiving contributions to your account, you should consider if maintaining insurance cover is right for you. If you would like information about insurance in super, please visit ASIC’s MoneySmart website or speak to a licenced Financial Adviser.