Print Super improves
Large printing industry superannuation fund Print Super has upgraded its insurance offering at the same time as lowering premium costs to members.
Print Super chief executive said as a result of the changed arrangements; there would be an immediate reduction in weekly premiums of nearly 11 per cent, combined with an increase in overall cover for all ages.
He said members would also have an ability to apply for a fix dollar value of cover rather than the current sliding scale, which reduces with age.
In addition, from July 1 inactive members would automatically retain cover unless they elected to cancel, and death only cover would be expanded to cover members aged between 65 and 70.
He said, where salary continuance was concerned, premiums would be reduced by an immediately by 10 per cent.
Martin said the discounts had been achieved as a result of Print Super’s excellent claims experience and ongoing relationships with Hannover and IUS.
AUTHOR
Mike Taylor
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