Transferring insurance cover

Do you have insurance already?

You may already have insurance cover with another super fund. Or life insurance you’ve taken out. Your employment EBA might even include some insurance cover.

If you already have cover and you’re thinking about applying for insurance through AustralianSuper, there are a few things to think about. Do you need more cover? Who pays for the cover you already have (you or your employer)? If you pay for it, are the costs deducted from your super account or your take home pay?

If you decide you need Income Protection through AustralianSuper as well as elsewhere, you might be able to claim on both policies, so you receive one benefit at a time.

Not sure if you have insurance with another super fund?

If you’re already a member, you can use the AustralianSuper mobile app or our online consolidation tool to find out. Simply log into your account, go to Combine your super and click on the Consolidate or find lost super button. You’ll see a list of super funds and whether you have any insurance cover with them.

log into your account

Transferring cover

From another super fund or insurer

You can apply to transfer any existing Death, Total & Permanent Disablement (TPD) or Income Protection cover from your individual insurance or other super fund to AustralianSuper.

There are limits to how much you can transfer. Any conditions (restrictions or exclusions) that apply to the cover you’re transferring, will continue to apply after the transfer.

From another AustralianSuper account

Do you have more than one AustralianSuper account? If you do, you might be eligible to merge your accounts and any insurance you have. Call us on 1300 300 273 to talk about your options.

More information about transferring cover, maximum cover levels, what happens when you transfer your cover and claiming on more than one Income Protection policy is in the Applying for an insurance transfer fact sheet and the Insurance in your super guide for your division.

It’s important that you don’t cancel your other insurance cover until you’ve received confirmation in writing from AustralianSuper that the Insurer has accepted your transfer of cover.

Applying to transfer your cover

We recommend you consider getting financial advice to help work out if transferring your insurance cover is right for you. When you’re ready, you can apply online or fill in a paper form.

Help and advice

As an AustralianSuper member, you have access to a choice of help and advice options from simple, personal advice over the phone, to more comprehensive, broader advice with a financial adviser.

Your Advice Options