What is Basic Cover?

As an Employer Sponsored member who joins Catholic Super on or after 15 November 2008 and unless you tell us otherwise, you will automatically receive:

• 2 units of Death & TPD cover and
• 5 units of Income Protection (or up to 17 units if you tell us your salary)

This automatic cover is allocated without needing to provide evidence of your health, (providing you are less than 65 years of age for disablement cover and less than 70 years of age for death cover).

If you provide your salary details at the time of joining, you will be covered for up to 85% of your gross annual salary (to a maximum of 17 units of Income Protection) without evidence of health.

You then have 60 days to choose one of the Income Protection options which provide for different waiting periods and benefit payment periods – this will vary the cost of each unit of cover.

The cost for each unit of benefit cover depends on your age (This cuts out at age 65 for TPD but Death Only cover can continue to age 70). To calculate the cost of your Basic Cover click here.

Calculating Your Basic Cover details the amount of cover provided and the premiums that apply under the Standard Benefit Scale.

When Does Your Cover Start?

In nearly all cases, if you are an Employer Sponsored member, insurance cover will commence the day you start working. (To get more details, check the Product Disclosure Statement or contact us.)

If you are not ‘at work’ on the date your cover commences you will receive ‘limited cover’ for TPD and IP cover until you are again ‘at work’.

If you are a Personal Plan member, your insurance cover will commence from the date you are advised in writing by Catholic Super that cover has been accepted.

Extra Cover – Build Your Own

Catholic Super’s Basic Cover might not provide enough insurance to meet your needs. For instance, a person with a mortgage and children at school may require a higher level of cover.

You can apply for additional Death Only or Death & TPD cover under our Build Your Own Cover option and additional units of Income Protection cover.

Click here for more detail on Build Your Own cover.

NOTE: Additional cover is available upon application and acceptance by the insurer and Catholic Super.

‘Limited cover’ applies during the period of your application is being processed.

The cost of your cover will vary when you choose different:

• Waiting periods and
• Benefit payment periods

If you have previously been paid, or were eligible to be paid a TPD benefit, you are not eligible for either TPD or Income Protection - your cover will be restricted to Death Only.

When is a Death or TPD Insurance Benefit Payable?

A death benefit is generally paid to your estate. For this purpose, it is important you have a current will.

To provide greater security about who will receive your benefit if you die, you can make a nomination which binds Catholic Super to pay your death benefit to a specified person(s) providing that you are still a member of Catholic Super at the time of your death. (To nominate a beneficiary/ies, you can download, complete and send us a Binding Death Benefit Nomination form.)

A TPD benefit is payable if you are insured for TPD cover at the time you become disabled and you meet the definition of Total and Permanent Disablement. (For more details, check the Product Disclosure Statement or contact us.)