To change your cover you can either: Choose one of our great value insurance options below, or customise your own blend of Death Cover, Income Protection Cover and TPD Cover.
| Option 1 (default insurance cover) |
2 units of Death Cover plus 2 units of
Income Protection Cover |
Accept up to $160,000 benefit with payment available until age 70 (benefits decrease from age 36 - see page 38) Accept up to $800 per month benefit to age 60 with a 90-day waiting period |
$3.00
|
| Option 2 |
2 units of Lump-sum total
and Permanent Disablement Cover
(plus 2 units of Death Cover) |
Take two units of TPD Cover to provide a one-off payment if you are totally and permanently disabled. Each unit of TPD Cover provides the same cover as a unit of Death Cover at your age. No disability benefit is payable ifyou are only partially or temporarily disabled. |
$2.90
|
| Option 3 |
Limited Income Protection Cover and
TPD Cover (plus 2 units of Death Cover) |
Take two units of IP Cover with monthly benefits for up to 2 years only (rather than to age 60) with a 90-day waiting period, and two units of TPD Cover to provide a one-off payment if you are totally and permanently disabled (as for option 2). |
$3.40
|
Please note that 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 an "own occupation" definition. See
definitions for details.
Personal
Super Plan Members: cover under all three options is subject to the New Events restrictions, which you can apply to remove using
Your HESTA insurance guide.