Industry super fund StatewideSuper has enhanced its income protection, death and TPD insurance cover.
StatewideSuper chief executive officer, John O’Flaherty said the new improvements were rolled out on 1 March 2011, and also offered occupational scales with no additional cost.
Other features include an eToolkit, developed by Metlife — a company that has been in partnership with StatewideSuper for 18 years.
EToolkit provides an online application form to simplify and streamline the application process.
“We believe that being able to apply for insurance online is a great step forward in improving the customer experience for our members,” said O’Flaherty.
The insurance company has joined this year’s awards as a principal partner.
The $135 billion fund has transitioned away from TAL Life Insurance following an “extensive tender process”.
The $80 billion fund is facing legal action over allegedly signing up new members to income protection insurance by default without active member consent.
In a Senate submission, the Financial Services Council has once again called for further clarification that the government will assess the consumer outcomes of group insurance against the enshrined objective of superannuation.