Protecting your family and your future

Most of us insure our homes and cars but often, our most important asset is overlooked - our ability to earn an income and provide for our families. If something were to happen to you, it’s essential to have a backup plan in place to protect your family and your future.

Check your super insurance cover

How does insurance in super work?

After joining NGS Super, most members will have the opportunity to opt in to receive a default level of insurance cover or wait until they become eligible to automatically receive this cover. Choosing to be insured can provide you with a safety net for life’s most challenging times.

Why be insured?

Life doesn’t always go to plan. If you were to get sick or injured or even pass away, it’s likely there would still be bills to pay and loved ones to care for. Having the right life insurance in place can help you manage your finances and support your recovery. It can also help take care of your loved ones financially if you’re no longer around.

Why insurance through super?

Because we arrange insurance for a large group of people, premiums are often lower compared to insurance outside of super. Insurance through super also usually means automatic acceptance for cover without needing a health check. You'll also pay for premiums directly from your super account, which means your take-home pay isn’t affected.

Things to consider

You’ll need to consider how life insurance will affect your total super balance later on at retirement. You should also check that the level of cover is right for you. We can help you change your level of cover to an amount that suits you, and you may also be able to access additional product features and benefits.

Benefits of insurance in super

Hassle-free premiums

Premiums are deducted from your super account - not your take-home pay. It's a tax-effective, automatic way to pay for protection and there's no need to adjust your monthly budget to cover the costs.

Award-winning insurance

Our award-winning insurance is more than just a competitive product – we’re passionate about providing members with genuine support during their most difficult times.

Affordable protection

We've partnered with TAL, a leading Australian life insurer, to provide insurance cover that's not only reliable but affordable. Reducing the cost of cover means minimal impact on your retirement savings.

Changes to insurance

A number of changes to how your insurance within super works have come into effect. It's important that you understand these changes and how they could affect your insurance.

Life and disablement cover

Life is unpredictable so it’s important to have a backup plan for worst case scenarios. In the event of your death, disablement or serious illness, how would your family continue to cover costs like mortgage repayments or school fees? If you’re unsure, you should consider insurance.

Income protection

If you're ill or injured, your first priority should be your recovery (and not your bills). Income protection provides you with an income if you're unable to work due to illness or injury - so you can focus on getting better without the financial stress.

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Making a claim

We’re here to support you through your claim process. To begin, please call us on 1300 133 177. We’ll assign a designated claims officer to guide you through each step of the way.

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Financial advice and support

NGS provide ongoing support, financial education and tailored advice from a team of qualified professionals.

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Insurance guide

For full details on how our insurance works and the options available to you, read our Insurance guide.

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Insurance in Superannuation Voluntary Code of Practice

The Insurance in Superannuation Voluntary Code of Practice (the Code) is the superannuation industry’s commitment to high standards when providing insurance to members. In accordance with the Code, we work to deliver insurance products that are consistently understandable, transparent, and meet the best interests of our members.

The Code came into effect on 1 July 2018 and is being transitionally implemented until 30 June 2021. For more details about the Code and what it means for you, download the full document below.

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