Types of cover
Having the right insurance means you can rest easier. Because you know that if something happens and you can’t work, your plans won’t all go up in smoke.
Death cover
If you die, your beneficiaries will receive a payment, in addition to your super.
TPD cover
If you’re permanently unable to work because of illness or injury, you may receive a lump sum insurance benefit into your super account.
Terminal illness cover
If you are terminally ill, you or your beneficiaries will receive a payment, in addition to your super.
Income protection
If you're an Industry super member, you can apply for income protection through super.
Insurance cover for the work you do
Your work category affects how much you pay for your cover, so it’s important you’re in the right category for the work you do.
Insurance cover can provide financial protection and security to you and your family.
We understand high risk working conditions such as working from heights, working underground or in confined spaces. That’s why we offer tailored insurance options to suit your job. It’s an unpleasant thought, but what would you do if something happened to you and you were no longer able to work because of serious illness or injury? How long could your family survive without a regular income if you passed away?
CBUS is proud to offer our members insurance options that can be tailored to meet the needs of people working in the building, construction and allied industries.
When you join CBUS Industry Super, most members qualify for our default level of Death and Total and Permanent Disablement (TPD) cover.
We also offer eligible members access to higher levels of cover appropriate to your circumstances and needs, as well as Income Protection cover.
The cost of insurance is paid direct from your super account, so you won't need to budget to make insurance payments provided you have enough money in your super account. You'll have peace of mind knowing you're covered.
Read about our insurance strategy.
Read our Industry Super insurance guide (PDF).
If you’re self-employed and operating as a sole trader or in an unincorporated partnership, you may be eligible for default Death and TPD cover when you join CBUS.
You’ll also be eligible for default Income Protection cover so if you’re temporarily unable to work because of an accident or illness, and you meet the requirements of the CBUS Insurance Policy, you’ll receive a regular income payment.
You can apply to change your cover any time after you join.
Read our Sole Trader Super insurance guide (PDF).
If you’re not receiving employer contributions, you can apply to become a CBUS Personal Super member.
After you join, you can apply for the insurance cover that gives you the level of financial protection you need.
Read our Personal Super insurance guide (PDF).
To increase your insurance cover, login to your member account, click on the ‘Insurance' tab across the top and then click the button ‘Go to insurance online’.
Alternatively, you can download and complete an application form and send it back to us.
If you have any questions or if you’d like us to send you the form, call us on 1300 361 784.
Work categories
Cbus has four work categories, based on the duties you perform in your role. Each category has its own insurance scale that shows how much each unit of cover is worth.
You perform manual or physical work, or don’t qualify for one of our other occupation categories. Manual cover is our default cover for members.
You perform work of a clerical administrative, managerial or professional nature, and don’t perform any manual (physical) work and you spend a minimum of 80% of your time in an office environment.
You’re an electrical worker in a classification set out in schedule A of either the Electrical, Electronic & Communications Contracting Award 2020 or Electrical Power Industry Award 2020.
You perform work of a sedentary, professional nature, with an annual taxable income of more than $100,000 (which can be pro-rated for permanent part-time workers) and have a university qualification, or you’re a Senior or Executive Manager.
Make a claim
We’re here to guide you through the claims process and support you when you need it.
Change or cancel your cover
Based on your stage of life and financial needs, we can help you work out whether you should change your level of cover.
Use our calculator
Use our insurance needs calculator to help work out how much cover you might need.
