Life insurance through super works in much the same way as insuring your home or car – but it protects your most valuable asset – you.
Depending on your circumstances you may be eligible for insurance under Tasplan Protect 1 or Tasplan Protect 2.
If you’re NOT a Tasmanian State Government employee or a former RBF Tasmanian Accumulation Scheme member, you may be eligible for insurance under Tasplan Protect 1.
If you’re a Tasmanian State Government employee or a former RBF Tasmanian Accumulation Scheme member, you may be eligible for insurance under Tasplan Protect 2.
To varying degrees, these products will provide you and your family with either a lump sum or a monthly income if you have an accident, get sick or die. Just what is covered, depends on what type of insurance you're eligible for and the cover you take out.
Tasplan Protect 1 and Tasplan Protect 2 offer different default levels of cover which may provide some insurance. However, you can choose to increase or decrease your level of cover to meet your needs.
There are benefits of buying insurance through super:
it's often cheaper because super funds purchase insurance policies in bulk
there may be a tax advantage because the fees are paid from your super account, not your after-tax income
you can get the cover you need for you and your family, even if money is tight
it's easy to manage because fees are automatically paid
when you join, we generally automatically accept you for cover without needing a health check.
Here are some important points to be aware of about the cost of our insurance cover:
Find out why you need insurance.