Industry insurance

Insurance cover is essential in providing financial protection and security to you and your family. 

We understand the risks of working in the building, construction and allied industries. 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 cover that represents real value for money, with reasonable terms and conditions.

When you first join Cbus Industry Super, most members qualify for our default amount of Death and 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 for Professional and Non-manual occupations.

The cost of insurance is paid direct from your super account, so you won't need to budget to make insurance payments. You'll have peace of mind knowing you're covered. 

In 2015/2016 Cbus paid out over
$200 million
in benefits to members and their families.
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Death cover

If you die or are terminally ill, you or your beneficiaries will receive a payment, in addition to your super.

More on Death cover
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Total and Permanent Disablement (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.

More on TPD

Occupation categories

Cbus has four occupation 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.
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1. Manual

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.

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2. Non-manual

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.

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3. Electech

You are employed in the electrical, electronic and communications industries (within a classification set out in Schedule B of the Electrical, Electronic and Communications Contracting Award 2010).

Man sitting at a desk working with architectural drawings

4. Professional

You perform work of a sedentary, professional nature, with an annual taxable income of more than $100,000 and a university qualification, or you’re a Senior or Executive Manager.

Further reading

For everything you need to know about our policy offering, terms and conditions click on the links below.

Other insurance cover

Insurance for Sole Traders

If you’re self-employed and operating as a sole trader or an unincorporated partnership, you’re 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, you’ll receive a regular income payment.

You can apply to change your cover any time after you join.

Insurance for Personal Super members

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.

Income Protection cover for Industry Super

If you're working in a Professional or Non-manual occupation, you can apply for Income Protection cover through Industry Super. This cover provides a monthly income if you can't work because of an accident or illness.

Many Cbus members already have Income Protection cover as part of their employment arrangements, so please check your terms and conditions of employment for any existing cover before applying through Cbus.  

Increase your insurance cover

To increase your insurance cover, you'll need to complete an application and send it back to us. 

You can also call us on 1300 361 784 and we'll send you a copy.

Claims process

Making a claim can be a daunting and emotional process. If you or your family needs to make a claim, we’re here to offer support and guidance.

Call us on 1300 361 784 and we’ll provide a dedicated Case Manager to issue you with the relevant forms and answer your questions. They’ll help progress your claim as quickly as possible. 

How do I nominate beneficiaries?

Beneficiaries are the people you elect to receive your super, and any insurance benefits, when you die.

Read more about nominating beneficiaries.

Choose your insurance cover to suit you

Based on your stage of life and financial needs, we can help you work out whether you should change your level of cover.

Here are some questions to consider:

  • Are you married or living with a partner?
  • If so, does your partner have insurance?
  • Do you have children or other dependants who rely on your financial support?
  • Do you have a mortgage or other debts?
  • Could you make ends meet if you couldn’t work?

Call our Cbus Advice Team on 1300 361 784 who can help you work out the cover that's right for you. 

Disclaimer

All insurance is provided by TAL Services Limited ABN 70 050 109 450 AFSL 237848.
The information in this insurance section provides a brief overview of the insurance types available through Cbus. It does not include all eligibility conditions for acceptance or payment of insurance benefits.
For more information, we recommend you read the appropriate Product Disclosure Statement.

 

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