Get peace of mind for you and your family by choosing insurance that meets your needs and provides a safety net for you and your loved ones. Insurance premiums are deducted directly from your super account, taking pressure off your weekly finances.
Your insurance options
Types of cover
Death and Terminal Illness Cover
Provides a benefit to your dependants, nominated beneficiaries, or your legal personal representative (your estate) when you die. This can help to pay off any debts your loved ones may inherit, and provide financial protection for them.
This type of cover also includes a Terminal Illness benefit, if you suffer from an illness or injury which is likely to result in your death within 12 months.
Provides financial support if you suffer total and permanent disablement. It can be used to make necessary lifestyle adjustments, pay for rehabilitation, or to cover expenses like rent and mortgage payments.
You can add this type of cover to your Death Cover, but it can’t be purchased on its own.
Most members will receive this cover automatically, subject to eligibility requirements. If you’re self-employed or not working, your options will be different — see ‘Apply for cover’ below for details.
Default cover includes Death and TPD Cover, and the amount and cost of the cover is determined by your age and the type of work you do.
The maximum amount of Death Cover is $5 million, and of TPD $3 million.
For insurance reasons, we use two job categories: Standard and White Collar.
If you’re not eligible for default cover (you’re self-employed, not working or otherwise not employer-sponsored), you can apply for Death and TPD Cover. You’ll need to provide evidence of good health, and return a completed Application form.
This provides a regular income if you become seriously ill or injured and temporarily can’t work. You’ll receive a monthly payment to help support you and your family. The maximum cover available is $25,000 per month ($300,000 per year). You can apply to add this cover.
If you’re a new Kinetic Super member, you may have the option to increase your level of cover without being subject to the usual requirement of providing evidence of good health. You have 120 days from when you receive your Welcome Letter to take advantage of this offer.
You can increase your cover up to the Automatic Acceptance Limit (AAL). Learn more
After a certain age, your level of cover starts to decrease. However, you can apply to purchase extra cover to maintain an equivalent level, up to a maximum of 12 units of cover. For details on the cover and premiums view the charts below.
Your circumstances change, and your insurance needs can change with them. To make sure your cover stays right for you, you can apply to increase your Death and/or TPD insurance cover within 120 days of a life event, such as:
In these situations, you can apply to increase your cover without providing evidence of good health.
You can apply to transfer your existing insurance to Kinetic Super, even if you don’t combine your super balance. You can do this if you’re:
A new or an existing member.
You have insurance through an employer-sponsored super account, or an individual insurance policy from a life insurer. It’s recommended that you wait until your new insurance is active before cancelling any existing policies.