Change insurance cover

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 health evidence.

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.

Please note:  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. 

We recommend you seek financial advice before making any decisions about insurance cover.

Increasing your cover

You can apply for additional Death or TPD cover at any time either by nominating an increased number of units or fixing your cover at a set level.  Apply online now

Opting out of cover  

You can opt out of default insurance cover within 30 days of the date you receive your Welcome Letter. If you opt out within the 30 days, all insurance fees will be refunded to your account. You can opt out of default cover 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 cover at any other time by advising us in writing to MTAA Super, Locked Bag 5134, Parramatta NSW 2124, online or by calling us on 1300 362 415.

We recommend you seek financial advice before making any decisions about insurance cover.

Transferring 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.

To apply, complete the Transfer Insurance Cover Form or call us on 1300 362 415