Our cover is flexible to give you choices and options
You’re not locked into our default Death and Total and Permanent Disablement (TPD) insurance cover. You can decrease, fix, cancel or apply to increase your Death and/or TPD cover. You can also apply to add Income Protection cover. There are even times when you can increase cover without the need to provide medical evidence.
Please note that insurance cover is provided under the terms and conditions of the Member Product Disclosure Statement and Insurance Guide.You should consider the information provided in these documents prior to making any decisions to change the level of your insurance cover.
Your insurance options
We give you the flexibility to vary your insurance cover at any time.
On joining, you may be eligible to increase your Death and TPD cover without the need to provide health evidence.
If you have at least default cover with MTAA Super, you can apply to top-up your Death and TPD cover without providing health evidence when certain life events occur. These include getting married, having a child, getting divorced or buying a family home.
You can apply for additional Death cover up to a total of $5 million and/or TPD cover up to a total of $3 million at any time.
You can choose to fix your Death or TPD cover at a set level of cover.
You can apply for Income Protection cover of up to $25,000 per month.
Opting out of cover
You can opt out of default insurance cover within 30 days of the date you receive your Welcome Letter. You can opt out of default cover online at mtaasuper.com.au/insurance-online or by calling us on 1300 362 415.
If you cancel your cover after 30 days have elapsed, you will be liable to pay insurance fees until the date we receive notification from you that you wish to cancel your cover.
Cancel your cover
You can cancel your default cover at any other time by advising us in writing to MTAA Super, Locked Bag 5134, Parramatta NSW 2124, online at mtaasuper.com.au/insurance-online or by calling us on 1300 362 415.
We recommend you seek financial advice before making any decisions about insurance cover.
If the default cover doesn’t meet your needs and you have insurance elsewhere, you can apply to transfer that cover to MTAA Super (subject to certain conditions). This means you can avoid paying administration fees just to keep another super account open for its insurance cover.