Industry superannuation fund legalsuper and its insurer OnePath have agreed to a three-year premium freeze.
The move follows a review commissioned by the fund of its member insurance offering.
The changes will be launched in legalsuper's February mid-year report.
The freeze comes when most other super funds are increasing premiums due to price competition, greater capital requirements and late claims reporting.
legalsuper said it could freeze premiums due to its niche membership, which is a low-risk group of white collar legal professionals.
"As a white collar profession most of our members are in a low-risk insurance category, which lowers premiums and maximises the insurance benefits available to our members," legalsuper chief executive Andrew Proebstl said.
Other than the premium freeze, legalsuper members will have access to other improved insurance benefits including unlimited death cover (previously $3 million), higher TPD cover to $3 million (up from $2 million), higher terminal illness benefit to $2 million (from $1 million) and higher maximum income protection to $25,000 (from $20,000).
Employed members 45 years and older can request between one and four units of extra insurance on top of the default four units provided, without needing to complete an insurance application.
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