Default insurance you may be paying for inside super
Super funds add life, TPD and income-protection cover to many accounts by default — and the premiums come out of your balance. Answer a few non-identifying questions to see which default-cover rules apply to an account like yours. This explains the rules; it never tells you to keep or cancel any cover.
Educational tool. Not financial advice.
Your age
Default (opt-out) cover is only provided from age 25 under the rules.
35 years
Roughly what is this account's balance?
We never ask for an exact balance or a fund name — only the band.
Under A$6,000
Below the Putting Members' Interests First threshold.
A$6,000 – under A$50,000
At or above the A$6,000 threshold.
A$50,000 and over
At or above the A$6,000 threshold.
I'm not sure
We'll explain the rule without assuming where you sit.
Do you know how long since this account last received a contribution or rollover?
Yes — I can estimate the months of inactivity.
How many active super accounts do you hold?
Holding more than one can mean each account charges its own premiums.