Insurance
Have you ever thought about how your dependants would cope if you died or were unable to work due to disablement?
Our low cost insurance cover for members is a way of protecting against unforeseen events.
We can provide you with Death, Total & Permanent Disablement (TPD) and Income Protection insurance.
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Death and TPD insurance |
Income Protection insurance |
One of the important benefits that comes with AGEST Super membership is our low cost Death and Total & Permanent Disablement (TPD) insurance.
Some of the key features of our insurance include:
Any member can apply for insurance cover
Since 1 January 2006, new members and existing members who commence or recommence having employer contributions paid into AGEST automatically receive death and TPD cover without evidence of health - the premium for this cover is $2.50
You can apply for more cover or reduce/cancel your cover - the choice is yours
You can choose the type of cover that best suits you -
Death only cover or
Death and TPD cover - as well as the style of cover you'd prefer (
unit based or
fixed cover)
The maximum death and TPD cover available is $2 million or, if you don't need insurance, you can write to us and cancel your cover. |
Have you ever thought about how you'd cope financially if you were injured or became ill and were unable to work? Who would pay your rent or mortgage and meet other regular expenses? How would your dependants cope?
Unless you have insurance or other income, these basic living costs may be hard to meet.
This is why we have Income Protection insurance. It is voluntary, and can cover you for up to 75% of your income whilst you are temporarily disabled and unable to work.
You can choose between 3 different waiting periods for benefits - 30, 60 or 90 days - whatever suits you best.
The maximum benefit period is 2 years and a maximum benefit of $20,000 per month applies, however payments are limited to 75% of Salary. So don't overinsure yourself. |
Forms for Insurance in AGEST
Document |
Download |
Description |
| Insurance cover application |
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Form to apply for insurance cover in AGEST Super. |
| Insurance cover reduction form |
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Form to request that your current level of AGEST Super insurance cover be reduced. |
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Insurance Policies
Document |
Download |
Description |
| Full insurance policy - Death/TPD |
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Group Life Insurance Policy K005558 - Death and Total and Permanent Disablement (TPD) cover |
| Full insurance policy - Income Protection cover |
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Group Life Insurance Policy K005907 - Income Protection Cover |
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