Unisuper boosts insurance offering
 |
| Chris Davies
|
Unisuper has emerged as the latest fund to enhance its insurance offering to members via a renegotiation with Hannover Life.
Unisuper announced this week that the changes, which become effective today, would see new and existing members offered enhanced death and disablement cover at no extra cost as well as options such as a so-called 'Life Events top up'.
Unisuper’s executive manager of member and employer solutions, Chris Davies, said the improvements reflected the fund’s commitment to offer more to members and constantly meet their changing needs.
Under the new arrangements, Unisuper would provide members aged 35 and under with 90 per cent more optional death and disablement insurance at no extra cost, while those aged 36 and over would get increased death and disablement cover at the same $1.40 per unit per week premium, with premiums for death-only optional insurance cover decreasing from 90 cents to 80 cents per unit per week.
The fund said that there would generally be no limit imposed on the level of optional death cover a member could apply for.
AUTHOR
Mike Taylor
Recommended for you
The insurance company has joined this year’s awards as a principal partner.
The $135 billion fund has transitioned away from TAL Life Insurance following an “extensive tender process”.
The $80 billion fund is facing legal action over allegedly signing up new members to income protection insurance by default without active member consent.
In a Senate submission, the Financial Services Council has once again called for further clarification that the government will assess the consumer outcomes of group insurance against the enshrined objective of superannuation.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Loftus Peak Global Disruption Fund Hedged
118.15 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
75.00 3 y p.a(%)
3
DomaCom DFS Mortgage
67.30 3 y p.a(%)
4
UBS Solactive Global Pure Gold Miners UCITS ETF Dis USD
61.11 3 y p.a(%)
5
Global X Ultra Long Nasdaq 100 Complex ETF
60.93 3 y p.a(%)
