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Insurance is one of those subjects no one enjoys talking
about. It can be confusing, complicated and difficult to organise. At NGS Super we try to make it
as painless as possible for you.
As a member, some personal coverage is automatically included as standard
with your superannuation for eligible members. But the big question is – is it enough in case you
need it? Yes, no, not sure?
As your life changes, you also need to consider your personal situation.
You may get married and have a family and more people rely on you and your income for
support.
Please note that the insurance information outlined here does not relate to members
of the former CCSSF with AMP insurance and Eltham College Defined Benefit funds. Please call
1300 133 177 for more information.
New and improved insurance arrangements are in place for NGS Super members from 26 February
2007. The new arrangements are outlined in
PDS Part II: Insurance Information for Members
.
Types of cover provided by NGS Super through CommInsure
Insurance PDS
Select your age.
See what default Death and TPD cover is provided to
eligible members when they
join NGS Super.
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You may automatically have some life insurance coverage through NGS
Super. Check and see what applies to you.
If you are eligible, and unless you request something different, you will
automatically receive four units of Death/TPD cover at a cost of $2.32 per week. Use this insurance
calculator to see what cover four units provides based upon your age at the time of death or
disablement.
The obvious question – is this enough insurance?
No one can predict the future. If your family relies solely on your income, Death/TPD
insurance can help provide peace of mind and financial stability for your children and
spouse. This insurance can also ease the everyday burden of managing bills, the mortgage,
school fees and car repayments, plus other unforeseen expenses, such as taxes or funeral
costs. You can choose one type of insurance or a combination of both.
CommInsure, part of the Commonwealth Bank, is our Insurance partner. It is a leader in
the insurance industry, with proven expertise and a heritage dating back over one hundred years.
More.
Most people take out extra insurance at key stages in life.
How about you?
Read more about
Death/Total and Permanent
Disability insurance.
Income Protection Insurance.
This type of insurance protects you against the loss of earning potential. Imagine if
you could never work again in the job you usually do, because of a serious accident or illness that
left your permanently disabled. Income Protection Insurance offers tangible protection and great
benefits. Read
more.
Income Protection (6) (six
month waiting period)
Income Protection (3) (three
month waiting period)
Income Protection (2) (two month waiting period)
Income Protection (1) (month waiting period)
If you need some help, just call 1300 133 177.
For information about your current level of cover, the options available to you, or the
progress of your claim, contact
NGS Super on 1300 133 177.
Download the
PDS Part II: Insurance Information for Members
including the
Insurance variation Form or call 1300 133 177 for a copy.
To review the Trust Deed or the insurance policy documents, or to make a technical enquiry,
please call the Trustee office on (02) 9273 7900.
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