Insurance Information


Joining mobiSuper


MobiSuper provides automatic Life Insurance, Total and Permanent Disablement and Income Protection insurance (if you are employed) for Australian Resident members between the ages of 16 and 60, subject to conditions and exclusions, including a five year Pre-existing Condition Exclusion. Insurance cover commences immediately upon becoming a member of mobiSuper as long as you have sufficient funds to pay for your insurance premiums within 30 days of account opening. Please refer to the Product Disclosure Statement and Insurance Guide for further information.


Transferring your Super to mobiSuper


Your current super fund may insure you against death, disability, illness or accident which prevents you from working. If you have chosen to transfer the balance of your current fund to mobiSuper, you may lose some or all of the insurance entitlements you have in your current super funds. We suggest you carefully consider your insurance options prior to any super consolidation.


Option Personal Insurance


MobiSuper has a facility where you can apply for medically underwritten personal insurance with TAL, a comprehensive insurance cover taking into consideration your work, lifestyle and health history for policy acceptance.

The types of personal insurances available within super are Life insurance, Total and Permanent Disability and Income Protection insurance. Full details of the policy are available in the TAL PDS these include but are not limited to the following:

Suicide Clause - the insurer will not pay the life insured in the event of death caused by suicide within 13 months of life policy commencement

Terminal Illness Benefit - in the event the life insured suffers a terminal illness and the likelihood of death is within 12 months in the opinion of two reasonably recognised medical practitioners of which one is a specialist practitioner in the area, the insurer will provide an advance payment to the life insurance benefit.

Stepped Premiums - insurance premiums starts off being cheaper than level however increases each year as you age. This option is ideal should you intend to hold the policy for only a couple of years.

Level Premiums - insurance premiums will initially become more expensive than stepped however premiums remain the same each year with the exception of CPI indexation and independent price rises. This option is ideal should you intend to hold the policy for the long term.