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UniSuper improves insurance offering
Ann Byrne
Big academics-based superannuation fund UniSuper has joined the growing list of funds to offer members an improved insurance office, promising an increase in the level of death and total and permanent disablement cover at no additional premium.
The new insurance offering, announced this week by UniSuper chief executive Ann Byrne, will apply to all new and existing members who meet the relevant eligibility criteria.
The fund said the improved insurance offering applied to all ages rather than being directed at a select age group.
Byrne said the upgraded insurance products followed the successful renegotiation of UniSuper’s insurance arrangements with its external insurer, Hannover Life Re of Australasia Limited.
“Insurance cover is a key aspect of financial planning that helps members to manage the risk of financial loss,” she said. “It is important that members protect their income, for both their own and families’ security.”
AUTHOR
Mike Taylor
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