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Unisuper boosts insurance offering
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| Chris Davies
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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
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