Our priority is helping enhance your financial wellbeing for retirement, and offering products and services at competitive fees, including insurance premiums, is a key factor in achieving that goal.
Accumulate Plus has some of the lowest insurance premiums among super funds in Australia, when compared to industry medians. (Source: SuperRatings)
The amount you pay in premiums depend on your:
Premium rates are included in the applicable Reference Guide: Insurance cover, together with a formula to help estimate your annual premium.
Insurance premiums are deducted monthly from your Accumulate Plus account. If you have more than one investment option for your account, insurance premiums are deducted from each option in the same proportion as your balance.
Keep in mind that there are some circumstances in which your premiums may change automatically, even if you haven't requested a change to your cover. This may happen if:
If there is not enough money in your account to cover your premium, your insurance cover may be cancelled; however, we’ll write you with some options to top up your account if needed.