Products & services

HESTA's basic cover

Are you automatically eligible for HESTA’s basic insurance cover?

Most new HESTA members are automatically eligible for default cover (Option 1 under basic cover - see below) through the Insurer (see Who is eligible?). If default cover doesn't meet your needs, you can choose from two other packages when you join.  Read the Insurance Options guide for full eligibility details.

 
Option    Cover Benefit Cost Per Week

Option 1

(default insurance cover)

Two Units of Death Cover

Plus

Two Units of Income Protection (IP) Cover

Up to $170,000 Death Cover with payment available until age 70 (benefits decrease from age 36)

Plus

Up to $850 per month IP Cover with benefits to age 60 and a 90-day waiting period

 

$3.00
Option 2    

Two units of Death Cover

Plus

Two units of Lump-Sum Total and Permanent Disablement (TPD) Cover

Up to $170,000 Death Cover with payment available until age 70 (benefits decrease from age 36)

Plus

Lump-Sum TPD Cover until age 70 equivalent to that provided by each unit of Death Cover

$2.90
Option 3

Two units of Death Cover

Plus

Two units of Lump-Sum Total and Permanent Disablement (TPD) Cover

Plus

Two units of Income Protection (IP) Cover with benefits for up to two years only

Up to $170,000 Death Cover with payment available until age 70 (benefits decrease from age 36)

Plus

Lump-Sum TPD Cover until age 70 equivalent to that provided by each unit of Death Cover

Plus

Up to $850 per month IP Cover with benefits for up to two years only, until age 60, with a 90-day waiting period

$3.40
 
 

The definition of total and permanent disablement under Options 2 and 3 requires disablement from any occupation. IP Cover under Options 1 and 3 uses the own occupation definition.

Personal Super Plan members: your basic cover is for New Events. You can apply to remove this restriction using the application form in the centre of the guide.

If you wish to reduce or cancel your basic cover

Please provide your written and signed instructions to HESTA.

If you cancel cover but change your mind later and want insurance again, you’ll need to complete a Personal Health Statement for assessment by the Insurer.

Please read the Insurance Options guide for full details.