Insurance within super vital

Death and total and permanent disablement (TPD) insurance should remain a fundamental part of superannuation fund offerings, according to the Pillar Administration/Super Review 2016 State of the Super Industry Survey. This is part three of the survey.

While the Productivity Commission is reviewing the relevance of insurance offerings within superannuation, the survey has revealed clear-cut support for the role of life/risk within superannuation. 

The survey, conducted during the Association of Superannuation Funds of Australia conference, revealed almost total support for insurance offerings within superannuation as they currently stand. 

Asked how important they believed death and TPD cover was in superannuation funds, 52.1 per cent of respondents described it as vital, while a further 38.2 per cent described it was very important and 9.5 per cent described it as useful. 

Not one respondent suggested that it was unimportant.

Part one

Part two

Part four


Related Content

SMSF pension phase members compliance obligations approaching

Self-managed superannuation fund (SMSF) members in the pension phase should not overlook their compliance obligations as they relate to pension paymen...more

Mastrippolito and Facer join NGS Super

NGS Super has surprised the superannuation industry with two key appointments – NESS Super chief executive, Angie Mastrippolito will become chief op...more

AIST recruiting for newly-created roles

The Australian Institute of Superannuation Trustees (AIST) has entered the recruitment market to fill the newly-created roles of head of advocacy and ...more



Add new comment