How to find insurance in your super

Some people have insurance sitting inside super and do not realise it until they open a statement. Others assume it is there when it has changed, reduced or stopped. The aim is not to label super-held cover good or bad. It is to find the facts before making assumptions, because the amount and terms depend on the fund and policy.

Step 1: Find the insurance section

Open your latest statement or log in to your fund. Look for headings such as “insurance”, “cover”, “premiums” or “member benefits”. If you cannot find it, the fund’s insurance guide and PDS are usually the next places to look.

Step 2: Write down the basics

Make a short note of:

1. The cover types listed, such as life, TPD or income protection.
2. The amount shown for each type of cover.
3. The premium being deducted from your super balance.
4. Any date the cover changes, reduces or ends.
5. The name of the fund guide or policy document that explains the terms.

Step 3: Read the definition as well as the heading

Two labels can look alike while the terms underneath differ. For example, TPD can use different definitions, and income protection may have waiting periods and benefit limits. Trauma insurance may not be available through the same arrangement at all. The policy documents are where those answers live.

What to do next

Bring the statement to a review and ask what each line means. You can also read the four types of personal insurance and use the cover review checklist. Do not cancel or change cover based on a headline alone; terms, tax and your circumstances can matter.

Super-held insurance is subject to fund and policy terms. General information does not decide what is appropriate for you.