Death and total and permanent disablement (TPD) cover provides a payment if you die, become terminally ill or if you’re unable to work again due to illness or injury.
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.
| Type of cover | Benefit |
|
Death cover |
Death cover provides your dependants, nominated beneficiaries or your estate with a benefit if you die. |
|
Terminal illness |
If you’re diagnosed with a terminal illness that’s likely to result in your death within 24 months, you may be eligible to receive your death benefit sooner. This is included in your death cover at no extra cost. |
|
Total and permanent disablement (TPD) cover |
TPD cover provides a lump sum benefit in the event that you become totally and permanently disabled and are unlikely to return to work as a result of an illness or injury. |
There are a number of ways to get cover with Tasplan:
| How to get cover | When you get cover |
| Default cover | Automatically provided after certain conditions are met. The level of cover and cost will depend on your age, occupation and employer. |
| Opt in early for default cover | An option to take up default cover when you first join Tasplan before you meet all the conditions. |
| Fixed cover | You can apply for this at any time, but your application will need to be accepted by the insurer. |
| Transferring cover | Transfer your cover and account from another super fund. |
| Life events | You can apply for additional death and TPD cover if you experience a specific life event. |
Conditions apply. For more information on eligibility requirements, see our Insurance guide.
If you’re a member of Tasplan, log in to Tasplan Online to check your current insurance arrangements.
Tasplan Online has everything you need to manage your insurance. You can:
If you’re still not sure, you may want to get advice specific to your personal circumstances.
See our key definitions relating to claims for TPD and terminal illness.
You can cancel or reduce your death and TPD cover at any time: