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. You need to meet the TPD definition relevant to your circumstances under the policy for a TPD benefit to be paid. If you receive a TPD benefit, your death cover will cease, unless it's higher than your TPD cover, where the difference remains as Death cover as long as you keep your account open and continue to pay for this cover. |
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. |
| New member option for default cover | An option to take up default cover when you first join Tasplan before you meet the conditions. |
| Fixed cover | You can apply for at any time but 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. |
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, including a calculator to work out how much cover you may need. You can also get a quote for the cost of your cover and apply for or change your cover.
If you’re still not sure, you may want to get advice specific to your personal circumstances.