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TWUSuper upgrades insurance
Big transport industry super fund, TWUSuper has upgraded its insurance offering.
The fund announced this week that it had improved its life insurance offering, meaning that from 28 May, members would receive more Total and Permanent Disablement (TPD) cover and the opportunity to further increase both their death and TPD cover.
Commenting on the changes, TWUSuper chief executive Bill McMillan said the changes would offer members better value and greater cover.
He said that under the existing arrangements, basic cover for eligible members was two units of death (including terminal illness) cover and one unit of TPD, but from 29 May the basic cover provided would be two units of death and two units of TPD.
McMillan said members would have the opportunity to increase this to three units of death and three units of TPD.
He said the new arrangements had been negotiated with CommInsure.
AUTHOR
Mike Taylor
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