Death and total and permanent disability (TPD) insurance provides a payment when you die, or in the event you're unlikely to ever be able to work again in a job for which you are reasonably qualified by education, training, or experience. You may also have access to your QSuper benefit if you are diagnosed with a terminal medical condition which is likely to result in your death within twelve months.
Am I covered?
Death and TPD insurance is automatically provided to all working QSuper members. To find out your level of cover, check the details on your welcome letter or your latest benefit statement, or call us.
How much am I covered for?
Accumulation accounts - Accumulation account holders have an insurance benefit that is a specific dollar value based on your age and how many units of insurance you hold.
| Employee type |
Cost per unit |
Default number of units |
Maximum level of coverage |
| Permanent employees |
$11 |
4 units |
$2,000,000 |
| Temporary employees |
$11 |
4 units |
$2,000,000 |
| Casual employees |
$11 |
2 units |
$1,000,000 |
Coverage per unit:
| Age |
Amount of cover
per unit |
Age |
Amount of cover
per unit |
Age |
Amount of cover
per unit |
| Up to 35 |
$100,000 |
47 |
$29,000 |
59 |
$5,100 |
| 36 |
$90,600 |
48 |
$25,700 |
60 |
$4,500 |
| 37 |
$80,500 |
49 |
$22,700 |
61 |
$4,000 |
| 38 |
$72,400 |
50 |
$20,000 |
62 |
$3,500 |
| 39 |
$65,600 |
51 |
$16,200 |
63 |
$3,000 |
| 40 |
$59,700 |
52 |
$14,400 |
64 |
$2,700 |
| 41 |
$54,400 |
53 |
$12,600 |
65 |
$2,4002 |
| 42 |
$49,500 |
54 |
$10,800 |
66 |
$2,1002 |
| 43 |
$44.900 |
55 |
$9,500 |
67 |
$1,9002 |
| 44 |
$40,500 |
56 |
$8,000 |
68 |
$1,7002 |
| 45 |
$36,400 |
57 |
$6,800 |
69 |
$1,5002 |
| 46 |
$32,600 |
58 |
$5,800 |
70 |
$0 |
Insurance premiums are deducted from your Accumulation account balance each quarter.
Example
Bruce is 43 years old, has an Accumulation account, and is a permanent employee. The default level of death and TPD insurance costs $4 per week and provides him with $179,600 ($44,900 x 4) worth of cover. He can increase his insurance in blocks of $44,900 at a cost of $1 per week.
Defined Benefit accounts - Death and TPD insurance is part of your Defined Benefit account package of benefits. There is no additional cost for standard cover.
Pre-existing conditions
Insurance cover is subject to restrictions for pre-existing conditions. For more information please refer to the product disclosure statement.
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