Insurance options

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Affordable and flexible protection for you and your family.

Insurance through super works in much the same way as insuring your home or car – but it protects your most valuable assets – you and your ability to earn an income.

We offer a range of options that 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 the type of insurance you're eligible for and the amount of cover you take out.

Insurance may be cheaper than you think

We negotiate with our insurer for discounted group rates which means that you generally pay less than you would if you personally applied for cover. And the cost of cover is paid out of your Tasplan account rather than from your pocket, so it doesn’t affect your take-home pay.

Which cover do I have?

Depending on your circumstance, you may be eligible for insurance under different policies. Tasplan Protect 2 offers different default levels of cover than Tasplan Protect 1, so it’s important you know which policy you’re covered under.

You can choose to apply, change or cancel your level of cover to meet your needs.

Why do I need insurance?

If the worst happened or you couldn’t work, would your family be able to meet normal living expenses? Would you risk losing your family home? Could you cover the costs of living with disabilities?

Think about it: if you die or you’re permanently disabled, your future income can’t be replaced if you don’t have the right insurance.

Not having enough insurance leaves you and your family vulnerable. For peace of mind, let us help get you covered.

How much cover do I need?

Figuring out how much insurance you need can be tricky.

Stages of life such as being single, married or starting a family, have an impact on the cover you require. Financial pressures such as mortgages, school fees or business interests must also be considered. These types of circumstances mean that your insurance requirements can change from one year to the next, and you should regularly review your insurance. In the event of your death, you’d obviously like to minimise the financial stress on your surviving spouse and/or children, so it’s important to consider how much debt may be left behind and what the impact would be on your family in relation to ongoing expenses.

So how do you work out how much insurance you might need? Head to Tasplan Online and try our Insurance calculator.

It enables you to complete an insurance needs analysis to estimate how much cover you may need. It also provides a quote for the cost of your cover and allows you to apply for cover online. If you’re still not sure, you may want to get advice specific to your personal circumstances.

How much will it cost?

Generally, how much your cover costs depends on the type and amount of cover you have, along with your age next birthday and your occupation rating.