Your insurance options

We offer different types of insurance cover to suit a variety of needs.

Your insurance options

We offer different types of insurance cover to suit a variety of needs.

Life cover


Life cover aims to provide a lump sum benefit that’s paid when you die or become ‘terminally ill'. Life cover is designed to help provide financial support when it’s needed most, helping your loved ones achieve a degree of financial security and freedom to make choices about their future.

Total and Permanent Disablement
(TPD) cover

TPD cover aims to provide a lump sum benefit that’s paid if you are unable to work again due to being totally and permanently disabled according to the applicable insurance policy. TPD insurance benefits may be used to reduce debt, pay general living expenses, pay for medical expenses or fund permanent lifestyle changes resulting from disablement. For example, you may need to make structural changes to your home or even move to more appropriate accommodation.

You can check the definition for what is considered ‘totally and permanently disabled’ in the relevant Product Guide for Suncorp Brighter Super or Everyday Super.

Income Protection (IP) cover


IP cover is designed to provide an ongoing monthly benefit that’s paid if you can’t work for an extended period due to illness or injury as defined in the applicable insurance policy. By typically replacing a reasonable portion of your regular income, IP payments may help you and your family maintain a level of financial normality. Income Protection can give you the financial freedom to focus on your recovery or treatment, without worrying about regular expenses. 

IP cover is not offered under Suncorp Everyday Super.

Insurance cover available through Suncorp Brighter Super 

If you’re a personal member who opened a Suncorp Brighter Super account on your own (or through an adviser), independent of any super arranged or offered by your employer, then insurance is not available as default cover. You must apply and be underwritten for a fixed level of cover, subject to certain criteria set out in the Product Guide.

Life cover

Select from $1,000 up to a maximum insured amount of $5 million (including a maximum of $3 million for terminal illness cover).1



 

TPD cover

Select from $1,000 up to a maximum insured amount of $3 million.1






 

Income Protection (IP) cover

Up to 75% of your salary plus optional super contributions of up to 10% of your salary, up to a maximum insured amount of $25,000 per month.1

• A benefit period of 2 years.

• A waiting period of 30 days.


This information only provides a brief summary of some features of insurance cover. Go to ‘Insurance in your super’ in the Suncorp Brighter Super Product Guide for more information on the types of cover available, your eligibility for cover, the cost of cover, when cover starts and ends, the definitions we use and any conditions or exclusions which may apply. 

Insurance cover isn’t available for pension accounts or transition to retirement options.

Insurance cover available through Suncorp Brighter Super 

If you’re a personal member who opened a Suncorp Brighter Super account on your own (or through an adviser), independent of any super arranged or offered by your employer, then insurance is not available as default cover. You must apply and be underwritten for a fixed level of cover, subject to certain criteria set out in the Product Guide.

Life cover

Select from $1,000 up to a maximum insured amount of $5 million (including a maximum of $3 million for terminal illness cover).1



 

TPD cover

Select from $1,000 up to a maximum insured amount of $3 million.1






 

Income Protection (IP) cover

Up to 75% of your salary plus optional super contributions of up to 10% of your salary, up to a maximum insured amount of $25,000 per month.1

• A benefit period of 2 years.

• A waiting period of 30 days.
 

This information only provides a brief summary of some features of insurance cover. Go to ‘Insurance in your super’ in the Suncorp Brighter Super Product Guide for more information on the types of cover available, your eligibility for cover, the cost of cover, when cover starts and ends, the definitions we use and any conditions or exclusions which may apply. 

Insurance cover isn’t available for pension accounts or transition to retirement options.

Corporate employer plans

Your employer is a corporate employer if they have negotiated a tailored insurance arrangement for their employees.

Non-corporate employer plans

Your employer is a non-corporate employer if they haven't negotiated a tailored insurance arrangement for their employees.

If your corporate employer set up an account for you and you meet the eligibility requirements in the insurance policy: 

  • you will automatically receive corporate employer default insurance cover; or 
  • you can make an election to opt-in to receive corporate employer default insurance cover. 

If you don't meet the eligibility conditions for corporate employer default cover, you’ll need to complete an insurance application form to apply for insurance cover.

The amount of TMC you’ll receive depends on your age. We’ll automatically adjust your amount of insurance cover as you get older to help cover the typical debt levels of someone your age and as you move towards retirement. The full table of sum insured amounts is in the Suncorp Brighter Super Product Guide.

If you don't meet the eligibility conditions for TMC, you’ll need to complete an insurance application form to apply for insurance cover.

Corporate employer plans

Your employer is a corporate employer if they have negotiated a tailored insurance arrangement for their employees.

If your corporate employer set up an account for you and you meet the eligibility requirements in the insurance policy: 

  • you will automatically receive corporate employer default insurance cover; or 
  • you can make an election to opt-in to receive corporate employer default insurance cover. 

If you don't meet the eligibility conditions for corporate employer default cover, you’ll need to complete an insurance application form to apply for insurance cover.

Non-corporate employer plans

Your employer is a non-corporate employer if they haven't negotiated a tailored insurance arrangement for their employees.

The amount of TMC you’ll receive depends on your age. We’ll automatically adjust your amount of insurance cover as you get older to help cover the typical debt levels of someone your age and as you move towards retirement. The full table of sum insured amounts is in the Suncorp Brighter Super Product Guide.

If you don't meet the eligibility conditions for TMC, you’ll need to complete an insurance application form to apply for insurance cover.

Insurance cover available through Everyday Super 

Within Everyday Super you have two options for insurance cover.
 

1. Choose default cover

If you’re eligible, you can automatically get Suncorp Lifestages insurance cover without the need for medical checks.2

The amount of Suncorp Lifestages insurance cover you receive depends on your age. We’ll automatically adjust your amount of insurance cover as you get older to help cover the typical debt levels of someone your age and as you move towards retirement. The full table of sum insured amounts is in the Everyday Super Product Guide.

 

2. Choose your own amount of cover

If you’re eligible, you’ll have the flexibility to choose any amount of Life and TPD (or Life only) cover you want from $1,000 up to $850,000. If you meet the eligibility criteria, your amount of cover will remain fixed at the level you choose and will not change with your age.















 

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This information only provides a brief summary of some features of insurance cover. Go to ‘Insurance in your super’ in the Everyday Super Product Guide for more information on the types of cover available, your eligibility for cover, the cost of cover, when cover starts and ends, the definitions we use and any conditions or exclusions which may apply.

Insurance cover available through Everyday Super 

Within Everyday Super you have two options for insurance cover.
 

1. Choose default cover

If you’re eligible, you can automatically get Suncorp Lifestages insurance cover without the need for medical checks.2

The amount of Suncorp Lifestages insurance cover you receive depends on your age. We’ll automatically adjust your amount of insurance cover as you get older to help cover the typical debt levels of someone your age and as you move towards retirement. The full table of sum insured amounts is in the Everyday Super Product Guide.

2. Choose your own amount of cover

If you’re eligible, you’ll have the flexibility to choose any amount of Life and TPD (or Life only) cover you want from $1,000 up to $850,000. If you meet the eligibility criteria, your amount of cover will remain fixed at the level you choose and will not change with your age.


This information only provides a brief summary of some features of insurance cover. Go to ‘Insurance in your super’ in the Everyday Super Product Guide for more information on the types of cover available, your eligibility for cover, the cost of cover, when cover starts and ends, the definitions we use and any conditions or exclusions which may apply.

Things you should know

1. You’ll receive a benefit if you die or meet the definition of ‘totally and permanently disabled’, ‘totally disabled’, ‘partially disabled’ or ‘terminally ill’. You will also need to satisfy what is known under superannuation law as a ‘condition of release’ in order to withdraw benefits from your super account. You can find more information in the relevant Product Guide.

2. You will be eligible to receive automatic insurance cover from the earlier of the date you elect to receive automatic insurance cover, or the date you are 25 years or older and have a balance of $6,000 or more in your account, and you meet the eligibility requirements in the insurance policy. Members with occupations determined by the insurer as hazardous are ineligible. If you have a 'pre-existing condition' it may exclude you from being eligible for an insurance payout. Additional eligibility criteria apply. You can find more information in the relevant Product Guide.

Insurance cover offered through Suncorp Super products is provided by insurers who are not part of the LGIAsuper Group.