AESuper Member Information

Insurance for members

Australian Enterprise Super provides you with Death and Total & Permanent Disablement insurance.

There are three levels of Death and Total and Permanent Disablement (TPD) Cover provided:

Basic Cover
Double Cover (Only available where Basic Cover applies)
Top Up Cover

The insurance cover available to you will depend on your membership type, number of hours per week worked and whether you are an active or inactive member.

Employer Sponsored Members receive Basic Cover automatically if they satisfy the eligibility requirements.

For full details on insurance available refer to the Product Disclosure Statement.

The table below sets out the eligibility criteria required for insurance cover for each member type.

Member type

Insurance cover available

Death & TPD

Death Only

Continuation option for Death component of Death & TPD

Basic

Double

Top Up

Employer Sponsored Member

Up to age 60 and working at least 12 hours per week

automatic

optional

Age 60 – 70

Death component only

Members aged 70 or less working less than 12 hours per week

Death component only

Personal Member

Up to age 60 and working at least 12 hours per week

optional

Age 60 – 70

Death component only

optional

Death component only

optional

Death component only

optional

Members aged 70 or less working less than 12 hours per week

Death component only

Spouse Member

Aged 70 or less

optional

Inactive Member

Aged 70 or less

automatic

Do I need to apply for insurance cover?

If you are applying as an Employer Sponsored Member and you meet the ‘At Work’ eligibility conditions, you will receive Basic cover automatically without having to make a written application or provide evidence of your health.

Basic Cover

Australian Enterprise Super provides eligible new members with automatic access to low cost insurance cover for death and total and permanent disablement.

Automatic cover is granted to eligible new members who join Australian Enterprise Super, and the premiums are deducted automatically from your Australian Enterprise Super account each month.

Your insurance cover is available 24 hours a day, 7 days a week – not just when you are at work.

Your choice for extra insurance cover that’s right for you!

You may also apply for optional extra insurance (Double or Top Up cover) depending on your membership category.

Double your cover…

Double Cover allows you to choose additional insurance cover. Eligible members may choose to apply for additional insurance cover, at twice the Basic Cover level at twice the premiums (shown in the table below).

Eligible Employer Sponsored members may receive automatic double Basic Cover provided they apply within 60 days of commencing work.

…or Top Up your insurance

Top Up Cover allows eligible members to choose from three to ten times the Basic Cover level of insurance. Top up cover is subject the Insurers assessment.

Need more insurance cover? Download an Application form or contact us to request a copy. Once you return the form to us, we’ll ensure it is assessed promptly and let you know the outcome in writing.

Cost of Cover

The cost of insurance depends on your age, and the amount of insurance cover you choose. The premiums are deducted automatically from your Australian Enterprise Super account each month.

The following table shows the weekly premium you will pay and the cover you will receive based on your age.

For example, an eligible member aged 40 next birthday qualifies for Death cover of $53,000 and TPD cover of $40,000 at a cost of $1.00 per week. This equals a total of $52.00 per year (or $4.33 per month).

Age Next Birthday	Death Cover	TPD Cover	Cost per Week
16-35	$ 63,600.00	$ 50,000.00	$ 1.00
36-40	$ 53,000.00	$ 40,000.00	$ 1.00
41	$ 47,700.00	$ 30,000.00	$ 1.50
42	$ 45,600.00	$ 28,000.00	$ 1.50
43	$ 43,500.00	$ 26,000.00	$ 1.50
44	$ 41,300.00	$ 24,000.00	$ 1.50
45	$ 39,200.00	$ 22,000.00	$ 1.50
46	$ 37,100.00	$ 20,000.00	$ 1.50
47	$ 36,000.00	$ 19,000.00	$ 1.50
48	$ 35,000.00	$ 18,000.00	$ 1.50
49	$ 33,900.00	$ 17,000.00	$ 1.50
50	$ 32,900.00	$ 16,000.00	$ 1.50
51	$ 32,000.00	$ 15,000.00	$ 2.00
52	$ 30,700.00	$ 14,000.00	$ 2.00
53	$ 30,600.00	$ 13,000.00	$ 2.00
54	$ 28,600.00	$ 12,000.00	$ 2.00
55	$ 27,600.00	$ 11,000.00	$ 2.00
56-60	$ 26,500.00	$ 10,000.00	$ 2.50
61-65	$ 23,800.00	Not available	$ 3.00
66-70	$ 20,000.00	Not available	$ 3.50

Death Only cover has a benefit of $15,000.00 at a premium of $0.50 p.w. currently.

The insurance is reviewed and may change each year, currently this is on the 30 June. Members will be provided notice at least 30 days in advance of any change. If the insurance levels and cost of the cover changes the updated information will be provided in writing and / or via this website.

Personal / Self employed members

Personal / Self employed members may apply for Basic or Double Death and TPD insurance by completing the Personal (Individual) Member Application Form and the Member’s Personal Statement.

These forms are available from the website or by contacting our Customer Service Centre.

Spouse members

Insurance for Spouse Members is optional. There is no automatic insurance cover for Spouse Members.

Spouse Members aged less than 70 years are eligible to apply for underwritten Death Only Cover. Death Only cover has a benefit of $15,000.00 at a premium of $0.50 p.w.

A continuation option is not available to spouse members.

Spouse Members must apply for this cover by completing the Personal (Individual) Member Application Form and the Member’s Personal Statement made available from the download centre or by contacting our Customer Service Centre on 1800 555 024.

The Insurer will advise the Member in writing if their application has been accepted and cover will then commence.

This insurance information is only a guide. Insurance cover is provided through Australian Enterprise Super’s insurance policy with TOWER Risk and Investment Management Limited (ABN 60 076 105 130) and is subject to the terms and conditions of that policy. More information on the terms and conditions for insurance can be found on our website, along with details of how and when an insurance benefit is paid to a member.

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The information contained on this website is of a general nature only and does not take into account your personal objectives, situation or needs. Before making a decision about Australian Enterprise Super, you should consider your own requirements and the relevant Product Disclosure Statement. To obtain a copy, call us on 1800 555 024 or download it from this website.

Professional Associations Superannuation Limited (PASL) (ABN 14 056 917 303 RSE L0000352 AFSL 222590) as Trustee of Professional Associations Superannuation Fund (PASF) (ABN 78 984 178 687 RSE R1000429). Australian Enterprise Super is a Division of PASF.