CommInsure extends TWUSUPER deal

9 June 2011
| By Chris Kennedy |
image
image image
expand image

TWUSUPER has extended its insurance mandate with CommInsure for a further three years, with improved cover for members.

Members will now receive more total and permanent disablement (TPD) cover, with basic TPD cover increased from one to two units. Members will also have the option to further increase both their death and TPD cover from the current two units to three.

The deal encompasses other improvements, including the introduction of lifetime event cover, a loyalty bonus, improved TPD definitions and maximum cover levels, CommInsure stated.

TWUSUPER chief executive Bill McMillin said the changes will offer fund members better value and greater cover, enabling members and their families to be better protected.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest developments in Super Review! Anytime, Anywhere!

Grant Banner

From my perspective, 40- 50% of people are likely going to be deeply unhappy about how long they actually live. ...

1 year 11 months ago
Kevin Gorman

Super director remuneration ...

1 year 11 months ago
Anthony Asher

No doubt true, but most of it is still because over 45’s have been upgrading their houses with 30 year mortgages. Money ...

1 year 11 months ago

The winners have been announced for the 2025 Super Fund of the Year Awards, held in Melbourne on 26 November....

1 day ago

Australian Ethical Superannuation has seen additional licence conditions imposed on it by APRA over the fund’s expenditure management....

1 day 1 hour ago

The fund has strengthened its leadership team with three appointments to drive its next phase of growth and innovation....

1 day 20 hours ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND