The Australian Catholic Superannuation & Retirement Fund (ACSRF) has introduced changes to its insurance offering for members to provide greater benefits and flexibility without increasing premiums.
ACSRF chief executive Greg Cantor said: “Australia is one of the most underinsured countries in the developed world. We hope these changes will have a positive effect in helping to reduce the size of this problem.”
The dollar value for each unit of death and total and permanent disablement cover has now increased between 8 and 28 per cent, depending on age, with the cost per unit remaining the same. Members are able to choose either age-based unitised or fixed rate cover, which has also been extended from age 65 to 70.
