Skip Navigation

Putting Members' Interests First

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

What is Putting Members' Interests First Legislation (PMIF)?

Most people automatically get Death and Total & Permanent Disablement (TPD) insurance when they join a super fund.

Due to recent government changes, for some  members this will be switched off on 1 April 2020 unless they make a choice to keep it.

  • Existing members with account balances yet to reach $6,000 at least once as at 1 November 2019 must let their super fund know by 31 March 2020 if they want to keep their cover or they may have their insurance cancelled.
  • New members joining from 1 April 2020 need to be aged 25 or over, and have an account balance of $6,000 or more, for insurance to be automatically provided. Members who are under 25 must opt in manually.

Superannuation members share why they decided to keep their insurance

Superannuation members share why they opted out of their insurance 

Check your insurance cover

Check your insurance cover and the impact it may have on your super balance by selecting your fund below

Insurance news from MetLife

Own versus Any occupation
‘Own’ versus ‘Any’ occupation: an important difference when comparing Income Protection products
Dr Jeff Scott explores why ‘own’ versus ‘any’ is a critical consideration when comparing Income Protection products.
Calculating monthly benefits
Calculating monthly benefits: The three-step process to undertake when comparing Income Protection products
Dr Jeff Scott explores why with Income Protection product features now differing so much, making a recommendation on the basis of price alone may not meet the best interest duty for each of your clients.
Top 6 benefits and features to consider when comparing Income Protection products
Top 6 benefits and features to consider when comparing Income Protection products
Dr Jeffrey Scott, Head of Advice Strategy at MetLife Australia, outlines the top 6 key benefits and features financial advisers need to look out for when comparing Income Protection products.
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.

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