Telstra Super has announced further enhancements to its insurance offer, enabling eligible members to increase their level of insurance cover for specified life event occurrences without the need to provide medical evidence.
Members can also now apply to customise their income protection cover benefit and waiting periods, the fund stated.
Under the new life events cover, eligible members of Telstra Super Personal Plus, Telstra Super Corporate Plus and Sensis Super Plus can apply for additional death or death and total and permanent disablement (TPD) cover upon the occurrence of a specified 'life event' which impacts the member's personal or financial situation.
These include the birth or adoption of a child, marriage or the registration of a recognised relationship (including same sex relationships), divorce or the cessation of a recognised relationship, and a new mortgage or home upgrades for a primary residence.
The latest upgrades represent the sixth enhancement the fund has negotiated with its group insurer, Tower, this financial year, and are part of an ongoing process to negotiate better insurance deals for its members, a fund spokesperson said.
Telstra Super's position as the country's largest corporate fund helped provide a platform from which to negotiate better terms, and the fund would be aiming to announce further upgrades in the near future, the fund stated.
