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You could change your insurance costs based on your job
An occupational rating is where you can apply to change how much you pay for insurance to reflect your job or occupation.
You don't need to be occupationally rated unless you are making other changes to your cover, but if you're currently working in a role that's considered to be a lower risk, being occupationally rated could mean you pay less for your insurance.
This could apply to you if:
You can check the default and standard rate premium tables in the back of the Accumulation Account Insurance Guide (pdf). To calculate how much you'll pay for insurance after you occupationally rate yourself, multiply the standard premium for your age by the figure from the rate table below.
Use our Insurance Premium Estimator to find out your occupational rating.
Craig is 45 years old and currently paying a default rate of $4.93 per unit per week of unitised TPD cover.
When Craig decides to occupationally rate himself through Member Online, he realises that he actually falls under the white collar occupational rating.
By multiplying the standard TPD cost for his age with the white collar rate for TPD, Craig realises by occupationally rating himself, he will only pay $3.67 per TPD unit per week. That's a saving of $1.26 per TPD unit per week while he is 45.
You can apply to be occupationally rated by answering some questions about your job in Member Online.
You'll be shown your occupational rating and how it will impact your insurance costs before you confirm whether or not you'd like to apply any changes.
You could change how much you pay for your insurance by answering some questions about your job in Member Online.