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AvSuper adds to insurance offering
AvSuper has negotiated a new agreement with its insurer Hannover Life Re to give members access to additional insurance if they experience a significant change in their life, such as the birth of a child.
The fund's chief executive, Michelle Griffiths, said AvSuper prided itself on its ability to tailor its insurance services to member needs.
"AvSuper members told us they wanted easy access to more insurance options at times when more cover becomes necessary, but may be forgotten or difficult to source," Griffiths said.
Under the new arrangement, eligible AvSuper members will have access to two additional pre-approved units of insurance when they experience a major life event.
Examples of a 'major life event' include having a baby, getting married, starting a child in secondary school, getting divorced or buying a house, Griffiths said.
"Such events can make a huge difference in people's lives and finances, so we are pleased to be able to offer some support in the form of additional insurance," she added.
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