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Showing 1 - 10 of 12 results for "Standard Death"

ART overhauls death and TPD insurance fees

RIDDHIMA TALWANI  |  FRIDAY, 15 MAY 2026
... Retirement Trust (ART) is overhauling its insurance premium rates for Super Savings members starting July 1, with Standard Death and Total & Permanent Disability (TPD) Assist charges decreasing on average by 14.1% and 31.2% for male and female members ...

Group insurance premiums paid by super funds up 7%

ANDREW MCKEAN  |  TUESDAY, 24 JUN 2025
... previous high of $5 billion paid out in 2022-23. Rainmaker also found that superannuation funds now offer average standard death and total and permanent disability (TPD) cover up to $225,000 for young members, dropping to $64,000 for pre-retirees. For ...

Group insurance cheaper by 25%: Rainmaker

KARREN VERGARA  |  MONDAY, 15 JUL 2024
... group insurance members ranged from $92 for a 40-year-old to up to $450 for a 60-year-old. Insurance premiums for standard death and TPD cover rose for most age groups in 2023-24, which on average increased $48 per annum or 15% for members aged 30 and ...

Australian Retirement Trust reduces fees, ups premiums

JAMIE WILLIAMSON  |  TUESDAY, 9 MAY 2023
... existing pricing. Meanwhile, the fund is also increasing its insurance premiums quite significantly. For male members, standard death and TPD Assist premiums will increase an average of 26.6%. Those with optional income protection cover will see an increase ...

HESTA hikes group insurance premiums again

KANIKA SOOD  |  TUESDAY, 12 JAN 2021
... can go towards helping in either their re-education or refitting their home to cater for a permanent disability." Standard death cover will go from maximum benefit of $5 million to $3 million. As an example, a HESTA member aged 45-54 will go from paying ...

Sunsuper ups TPD premiums

KARREN VERGARA  |  WEDNESDAY, 11 NOV 2020
... fund, we only increase insurance premiums as a last resort. In this case, it has been over six years since our last standard death and TPD premium increase and we're confident that the product benefits we've been able to negotiate for our members ...

New super fund targets millennials

ELIZABETH MCARTHUR  |  TUESDAY, 21 JAN 2020
... (TER 1.63%). As for insurance, Rainmaker analysis found a 40-year-old male would be paying $900.55 annually for a standard Death & TPD cover of $310,000. For the same cover a female would be paying premiums of $734.39 annually. This means that for every ...

Super fund introduces further group insurance changes

KARREN VERGARA  |  MONDAY, 1 JUL 2019
... July 1 changes, which will see some members pay more for cover. CareSuper is moving from a unit-based cover for standard death and TPD insurance to an age-based cover from 1 August 2019, where members will be allocated a dollar amount of cover based ...

Super insurance premiums rise again

MARK SMITH  |  TUESDAY, 28 JUN 2016
... reduced value for members, according to the latest research report from Rainmaker. On average, premium rates for the standard Death and TPD cover increased by 3% in the year to end of June. Adding to premium increases in the previous year, the total ...

AIA partners with AGI

MELANIE TIMBRELL  |  MONDAY, 5 MAR 2012
... Granting access to wholesale rates for comprehensive insurance has the potential to save SMSF investors up to 25% on standard death, total and permanent disability and income protection cover, according to AIA. The new plan can also cater for SMSFs that ...
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