Skip Navigation

Insurance Inside Super

Your super may already be protecting you with built-in life insurance so check your insurance inside your super today

What is insurance inside super?

One of the best ways to protect yourself and those you care most about is with life insurance.

A large number of superannuation funds have a built-in life insurance policy that provides this sort of cover and for many Australians, this is an affordable way to manage life insurance.

It is important to regularly check the insurance cover inside your super and make sure it meets your needs.

Insurance inside super is more than just death cover

Default life insurance in superannuation can include: 

Life insurance Life Insurance

Life Insurance can sometimes be called Death Cover 

LEARN MORE
Total and Permanent Disablement Insurance Total and Permanent Disablement

Sometimes known as TPD, this insurance is for serious accidents or illness which permanently stop you from working

LEARN MORE
Income Protection Insurance Income Protection

Income Protection provides a regular payment during prolonged illness

LEARN MORE
What are the benefits?
Buy in bulk
Buy in bulk

Super funds purchase life insurance in bulk making insurance generally cheaper for their members 

Tax advantages
Tax advantages

Premiums are paid from your superannuation account which could offer tax advantages

Cash flow
Good for cash flow

Premiums don’t come out of your regular income which can be good for cash flow

Automatic cover
Automatic cover

Many super funds automatically accept you for cover without requiring a health check

Fund support
Fund support

Your super fund manages your claim and supports you through the process

What to consider when reviewing your insurance

We recognise everyone's situation is different and it's important to think about your needs and your family circumstance when reviewing your insurance cover. 

  • How much insurance do you currently have and would it cover your lifestyle if you couldn’t work?
  • How much are you paying for it?
  • What are you covered for?
  • Do you have debts that would need to be covered if you could no longer work?
  • What are your long-term costs associated with living, including medical and children’s education?

How to adjust your insurance cover

1

Check

To review your current insurance, look at your superannuation statement, log in to the secure portal or call them.

2

Choose

Think about what type of insurance you may need to suit your life stage.

3

Calculate

Use the calculator on your super fund’s website to get a guide on how much insurance cover you may need.

4

Adjust

To alter or apply for additional cover, log in to your super fund's secure portal. If not available, head to your super fund's website or contact them direct.

5

Confirm

Once you’ve submitted your application you’ll get confirmation of your cover or an indication of what other steps might be required.

Putting Members' Interests First (PMIF)

From 1 April 2020, insurance rules change for super fund members under age 25 or with an account balance below $6,000.

MetLife's Superannuation Partners

Discover what protection you have by selecting your fund below

Insurance news from MetLife

Why life insurance is also good for your financial wellness
Why life insurance is also good for your financial wellness
MetLife’s latest Employee Benefit Trends Study reveals most people want long-term financial security, but they say it’s harder to stay on track with goals during these times.
Insurance Inside Super – Top Questions
Insurance Inside Super – Top Questions
Your top questions answered about Insurance Inside Super.
Insurance through super– how it works, what you need to know
Insurance through super– how it works, what you need to know
Most of us think of our funds as a way to save for retirement. But they can also be a source of low-cost cover.
5 Things You Should Know About Life Insurance
5 Things You Should Know About Life Insurance
Life insurance can be your safety net when things go wrong. Here are some lesser known things about life insurance to help you make an informed choice.
Why Life Insurance Cover Needs to Change as You Grow
Why Life Insurance Cover Needs to Change as You Grow
Changing circumstances, rises or falls in income and whether or not the kids are still at home all affect the amount of coverage you need. Learn more

How else can we help you?

Need a form? Have a question? Or simply want to find out more about the benefits of MetLife insurance solutions.

*https://www.asic.gov.au/regulatory-resources/find-a-document/reports/rep-498-life-insurance-claims-an-industry-review/

 

This website contains general information only, which does not take into account your personal financial situation, objectives or needs. Before deciding whether to acquire, or continuing to hold, any of our products, please seek appropriate independent financial advice to assess whether it is suitable for you. You should also consider the relevant Product Disclosure Statement, available upon request by calling 1300 555 625, before making any decision. Life insurance products are issued by MetLife Insurance Limited ABN 75 004 274 882, AFSL 238096.

By accessing this website you agree to comply with MetLife's Legal Notices