1. Members
  3. Insurance

we've got you covered

Super is a great way to finance the lifestyle you want when you retire. But having insurance is an important way to help safeguard your quality of life — right now.

 

easy does it

Members receive default insurance cover with HESTA when they become eligible. It’s paid out of your super account, so you don’t have to dip into your weekly budget to pay for fees or remember to renew each year.

 

 

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In a nutshell

  • Default Income Protection (IP) Cover to age 67 with a benefit payment period of up to 5 years
  • Death Cover up to age 75 
  • Optional Total and Permanent Disablement (TPD) Cover to age 70
  • A Permanent Incapacity Support Benefit of $10,200 to eligible members
  • A reduced insurance fee for those members who meet certain occupational criteria.

For a summary of Default Cover through HESTA, see the Insurance in super fact sheet (PDF). 

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Help when you need it most

HESTA members have direct access to our partner, the Welfare Rights Centre which is there to provide legal assistance when you're off work and need help with Centrelink as it relates to your super. 

 

If you have joined HESTA and chosen insurance cover, it can start automatically the day you are:

  • aged 25 or over;
  • have had a balance of $6,000 since joining; and 
  • your account is active.

If you want cover sooner, tell us within 90 days of joining HESTA. Read Insurance options (PDF) for more information.

 

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Cover that stays with you on parental leave

When you take out insurance with HESTA, we won’t charge insurance fees for your cover for a full 12 months while you take employer-approved parental leave, keeping more in your super to support you and your growing family (conditions apply). If your baby is born prematurely (before 37 weeks gestation), the insurance fee waiver will be for 24 months. 

Learn more about your insurance fees being paused while you're on parental leave.

 

Learn more

 

 

your insurance options as a HESTA member or HESTA Personal Super member

 

                

Take up our Anytime Voluntary Cover Offer

HESTA Super and HESTA Personal Super members can apply for, or increase their Death and/or Income Protection (IP) Cover at any time by answering a short personal health statement through this offer.

 

How much cover can you apply for?

You can apply for, or increase your cover up to:

  • 6 units of Death Cover in total
  • 12 units of IP Cover in total

This includes any cover you already hold.

 

Choosing your IP Cover options

If you apply for, or increase your IP Cover, you will also need to select:

  • A benefit period of 2 or 5 years
  • A waiting period of 60 or 90 days
  • A cover expiry age of 60 or 67.

 

How to apply

You can apply through the AIA insurance portal, available through your online account.

 

All changes are subject to acceptance by our insurer.

 

 

 

                

Remove the New Events restriction on your Default Cover

 

You may be able to remove the New Events restriction on your cover.

 

See if you're eligible >

 

 

 

 

what are your other options?

Consider whether the insurance provided meets your personal needs. If your circumstances or financial commitments change, it's a good idea to review your insurance cover.* You can do this at any time in your online account.

 
 

Making changes to your cover

You can increase or decrease your insurance cover at any time by logging into your online account and selecting 'Insurance'.
 
Your insurance dashboard allows you to:
 
  • obtain a quote on the insurance selected, 
  • directly apply to increase your cover, and
  • reduce or cancel your cover.

Prefer paper and pen?

Reduce or cancel your cover, apply to change your occupation category, or convert your cover between fixed and units using the Insurance alteration form (PDF) and sending it back to us.

 

 

Cancelling your cover

If you decide to cancel your cover, insurance fees will stop being deducted from your account and you won't be able to make a claim for an event after your cover ceases.
 
You can cancel your cover by one of the following options:
 

 

* The information shown is general information only. It does not take into account your objectives, financial situation or specific needs, so you should look at your own financial position and requirements before making a decision. You may wish to consult an adviser when doing this. For more information, contact us or visit hesta.com.au/pds for a copy of a Product Disclosure Statement which should be considered when making a decision about the HESTA products on this website and to consider the relevant risks. The target market determination for HESTA products can be found at hesta.com.au/tmd.

 

 

 

 

here for you

If you have to make a claim on your insurance, the last thing you need is more stress. We get it. That's why — if your claim isn't approved — we step in to investigate the decision with the insurer on your behalf, so you're not on your own.

 

Insurance options

HESTA members can access flexible insurance to protect your most important asset — you.

Insurance options 

Make a claim

We support members through every step of the claims process, with claims consultants available to help.

Make a claim 

Insurance calculator

To find out how much insurance you may need, use the insurance cover calculator.

Calculate your insurance needs 

 

 

need insurance advice?

Our advisers are ready to talk to you over the phone or in person to help assess your insurance needs.

Join us

Everyone deserves the best possible retirement. And we want to help you save for the future that you want.