Insurance in your super

Insurance cover is essential in providing 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.

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.

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.

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.

You perform manual or physical work, and spend more than 20% of your working time outside an office environment. Manual cover is our default cover for members.

Manual insurance scales

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.

Non-manual insurance scales 

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.

Electech insurance scales 

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.

Professional scales

Cbus previously stated our intention to adopt the Insurance in Superannuation Voluntary Code of Practice (The Code), which was scheduled to come into effect on 1 January 2022.

Since the Code was first developed, most of its requirements have been overtaken by other superannuation legislative and regulatory reforms. The Code Owners announced on 1 July 2021 that they were replacing the Code with guidance notes for those parts not covered by legislation or regulation — including improving outcomes for vulnerable members and claims handling for members with life insurance held through super.

Cbus have always been supportive of the Code and we are pleased to say that we’ve already implemented most of the Code requirements to ensure a continued focus on the experience we provide our members. We will continue to review the Code Owners’ guidance papers as part of our commitment to improve our services and interactions with members.

Note: The Code Owners are the Association of Superannuation Funds of Australia (ASFA), the Australian Institute of Superannuation Trustees (AIST) and the Financial Services Council (FSC).