Affordable insurance cover through your super

When it comes to preparing for your future, it makes sense that insurance and super go hand in hand. It’s a legal requirement that your employer’s default super fund includes a minimum level of insurance cover. With BT Super, the minimum cover requirement is met by our Standard cover. However, we also offer your employer or you the option to increase this level of cover.

The benefits of having insurance through BT Super

  • Group insurance rates, available through your employer’s plan, are generally cheaper than the same cover arranged under a personal policy.
     

  • Your cover will continue as long as you remain eligible for insurance and the premiums are paid, which in some cases means your cover continues even if you leave your employer.
     

  • The cost of cover is deducted from your super account, which generally means no out-of-pocket expense for you.

Standard cover – it comes with your super

Our Standard cover meets the MySuper requirements and offers you up to $300,000 of Death and Total and Permanent Disablement (TPD) cover. This is the minimum insurance cover your employer can select. If you have a high-risk occupation, it may be that you’re only eligible for Death Only cover. You can opt to increase your cover or replace the cover with a fixed level of cover. To learn more about your insurance cover and how you can increase your coverage, please refer to the Insurance booklet of your BT Super.

 

See the insurance options for BT Lifetime Super – Employer Plan

See the insurance options for BT Business Super


Your employer may have arranged tailored cover for you, rather than Standard cover. When arranged by your employer, Automatic Acceptance Limits (AAL) may apply which means that cover is provided up to a certain limit without the need for medical evidence*. With tailored cover you can choose to increase cover levels on any of the following:

  • Death Only cover

  • Death and Total and Permanent Disablement (TPD) cover

  • Salary Continuance cover (SCI)


If your need for insurance increases as the result of a personal event (such as the birth of a child), you can easily apply for increases in Death Only or Death and Total Permanent Disablement (TPD) cover without any additional medical checks*. Some of the personal events covered include marriage, the purchase of your first home, and the birth of a child. Refer to the BT Super Insurance booklet if you would like to see the full list of events and the amount of additional cover that can be requested.

 

See the insurance options for BT Lifetime Super – Employer Plan

See the insurance options for BT Business Super


You can apply for an increase in cover or additional types of insurance cover by completing a Life Insurance Application form for BT Lifetime Super Employer Plan or BT Business Super, or by contacting BT Customer Relations on 132 135. Increased insurance cover is subject to approval by BT’s Insurer.


You can easily combine insurance policies by completing an Individual Insurance Consolidation form, along with the required evidence. You can combine insurance that is held within other super funds, or insurance held separately from your super. The maximum amount that can be combined is:

  • $2 million for Death Only, or Death and Total and Permanent Disablement (TPD) cover, and

  • $20,000 benefit per month for SCI cover.

Combining insurance is subject to certain conditions and approval.


If you need to make a claim please contact BT on 132 135 (Monday to Friday 8.30am to 6.00pm) and we’ll collect some details from you and arrange for one of our claims management consultants to help you though the process.


To help you receive competitive insurance rates and terms and conditions, BT Super provides insurance through a group policy with an external insurer, AIA Australia Limited ABN 79 004 837 861, AFSL 230043 (Insurer). AIA Australia Limited has over 40 years of experience providing insurance in Australia. AIA offers products that protect the financial health and welfare of more than two and a half million Australians, that’s around 20% of the working population.

*  excludes claims on pre-existing conditions.