NGS Super’s insurance services boosted with TAL partnership
Sydney, 21 September 2016 – As part of a regular three yearly insurance review, NGS Super (NGS) recently undertook a limited tender for its insurance offering. NGS engaged independent consultants Sequential and Rice Warner to manage the tender to ensure the best terms for its members. The approach adopted went beyond the traditional product and pricing tender management to take into consideration more holistic elements including customer service and insurer capabilities.
NGS Super winner of Chant West ‘Best Fund: Insurance’ award
Chant West has awarded NGS Super’s insurance best in Australia.
What does your insurance look like?
Have a look at our insurance infographic.
Find out if you are eligible for reduced “professional rate” insurance premiums.
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Important notice about CommInsure
Find more information about the NGS Super review of CommInsure insurance here.
You are your biggest asset
While most of us insure our homes and cars, we forget about the most important thing of all. Our ability to earn an income.
Cover can offer you a financial safety net and peace of mind. So, if something did happen, you have financial backup in place to take care of yourself and your family.
Super affordable - we buy insurance at wholesale rates
Our insurance partner is CommInsure, an industry leader with proven expertise and part of the Commonwealth Bank. You can tailor cover to suit your needs, now and into the future, at competitive premiums.
Some cover is automatically included as standard with your NGS Super account for eligible members when joining. But as your life changes with new financial commitments, like a mortgage and school fees, so should your level of cover. NGS Super's standard cover is designed to change over time based on your age. You can apply to increase your cover at any time, or choose to reduce or opt out of cover.
When comparing NGS Super’s insurance cover with other types of insurance that you may have like home or car, it is a small price to pay for protecting your biggest asset…you…..
How do our new insurance arrangements compare?
SuperRatings, an independent ratings agency, has reviewed the new NGS Super insurance arrangements and they have confirmed that they will continue to rate the Fund’s insurance at their highest rating "Well above benchmark" from 1 July 2014.