Insurance
Cbus Self-Select provides a comprehensive range of insurance options to protect you and your family.
Paying for insurance through your Superannuation may be a tax-effective way to protect you and your family against unforseen events.
Cbus Self-Select offers a cover that can be modified at any time to suit your changing needs.
|
Type of cover |
Benefit provided |
Eligibility requirements |
Maximum level of cover |
|
Death Only |
Lump sum payment made to your dependants or your estate if you die before you turn 70 and while insurance cover is in place. |
Individuals aged 16 and older who have not yet attained age 70. |
$5,000,000, based on all policies insured in the Australian market in respect of the individual. |
|
Total and Permanent Disablement (TPD)* |
Lump sum payment made to you if you become totally and permanently disabled through illness or injury before you turn 65 and are unable to return to work. |
Individuals aged 16 and older who have not yet attained age 65. |
$2,000,000, based on all policies insured in the Australian market in respect of the individual. |
|
Salary Continuance cover |
Monthly payment made to you, after a waiting period of either 30, 60 or 90 days, if through illness or injury you are unable to work. Benefit period is up to a maximum of 2 years. |
Individuals aged 16 and older who have not yet attained age 65, and who are Australian Residents employed on a permanent basis, working at least 20 hours per week. |
75% of your monthly income or $20,000 per month, whichever is the lesser |
*TPD must be taken with Death Cover
Note: TPD cover cannot exceed the Death cover amount
Full details about insurance can be obtained in Part 2 of the Self-Select Member Guide (PDS)
