Protect yourself and your family with low-cost, flexible cover.
Our standard Income Protection (IP) Cover provides a monthly benefit to help you and your family meet ongoing living expenses, in the event you are sick or injured and cannot work.
Our IP cover means that if you're totally disabled either permanently or temporarily, we’ll pay you a benefit every month until age 67, after a 90 day waiting period (conditions apply and is subject to policy terms and conditions).
What is standard cover?
Members automatically receive standard cover when they become eligible, unless you make an alternative insurance choice. Read Insurance options for information on when cover starts.
You may be able to get standard cover before it automatically starts by letting us know.
Standard cover through HESTA costs a low weekly fee that varies with your age. It provides two units of Income Protection Cover to age 67 with a 90-day waiting period and two units of Death Cover to age 75.
Our standard Death Cover provides a lump-sum benefit to help with ongoing expenses and one-off costs your family may face in the event of your death or in some cases, terminal illness.
WHAT IS STANDARD COVER?
When you join HESTA, eligible members automatically receive our standard insurance cover, unless you make an alternative insurance choice. Read Insurance options for information on when cover starts.
Standard cover through HESTA has a low weekly insurance fee that varies with your age and provides two units of Income Protection Cover to age 67 with a 90 day waiting period and two units of Death Cover to age 75.
In addition to the standard IP Cover and Death Cover, you also have the option of applying for lump-sum TPD Cover, which provides a lump-sum benefit to assist you and your family in the event you are totally and permanently disabled and unlikely ever to be able to return to work.
^We are legally required to show the gross insurance fee; however most members actually pay the net insurance fee, which is up to 15% less than the gross cost.
*If you fix your lump sum TPD cover, your benefit amount will be fixed until you reach age 61 at which point your cover amount will decrease in equal amounts, 10% for each full year until age 70 when cover stops. If applicable, the insurance fee payable will be based on the reduced lump-sum TPD Cover.