Death & TPD Insurance Cover
You can apply for additional Death and Total and Permanent Disability (TPD), Death only or TPD only insurance cover that is paid for out of your NSF Super account, up to the following maximum limits:
• Death cover – Unlimited^
• TPD cover – $5 million
^ Terminal Illness cover is included as part of death cover, the maximum terminal illness benefit payment is $5 million.
Death cover – pays a lump sum on your death or the diagnosis of a terminal illness.
TPD cover – pays a lump sum if you become totally and permanently disabled and are unlikely to ever work again in an occupation for which you are reasonably qualified for by education, training and experience.
Unitised or fixed – the choice is yours
When you apply for voluntary Death and/or TPD cover, you can select to hold your cover on either a unitised or fixed basis.
Unitised cover means that the amount of Death & TPD cover provided per unit will change with your age, however your monthly premium will remain fixed. Click here for more details on the amount of cover provided per unit and the premium cost.
Fixed cover means that your level of cover remains fixed and your premium changes with your age. The premium cost of fixed cover depends on your age, the type of cover selected, your gender and occupation rating. Fixed cover is available in multiples of $10,000.
The right amount of cover
If you would like advice on your insurance needs that is tailored to you, you can obtain personal advice from a Money Coach over the phone. Simply call the NSF Super team on 1800 025 241.