Telstra Super has enhanced its insurance offering so members can now have their externally-held death or death and total and permanent disablement (TPD) cover transferred and matched by Telstra Super at the fund’s group cover rates.
“The ability to transfer externally held cover means Telstra Super members are able to enjoy robust protection with the benefit of competitive group insurance premiums”, said Telstra Super chief executive Martin Crowe.
The offer would allow members to consolidate their super cover within Telstra Super, he added.
Members must provide evidence of their external cover, and any exclusions and loadings on that cover would also apply within Telstra Super. The offer is available to accumulation and defined benefit members across both employer-sponsored and personal divisions, according to Telstra Super.
