Life insurance is an essential risk management too for anyone concerned about protecting the future of their dependents and loved ones. Through IT Super you can access low member-rate premiums and the convenience of paying directly from your super account.
Your minimum automatic Life and TPD cover
As an IT Super member you’ll automatically receive Life and Total and Permanent Disability (TPD) Insurance cover at the levels shown below. This cover is provided by Tower automatically on joining IT Super*. The insurance premium is $3 per week which is deducted automatically on a monthly basis from your superannuation account balance.
| Age next birthday | Total $ sum insured |
| Less than 28 | 192,000 |
| 28 - 32 | 168,000 |
| 33 - 37 | 144,000 |
| 38 42 | 110,400 |
| 43 - 47 | 72,000 |
| 48 - 52 | 36,000 |
| 53 – 57 | 24,000 |
| 58 - 64 | 9,600 |
*Please note: for those individual members joining IT Super, a Short Form Personal Statement will be required. For more details, please refer to the Supplementary Product Disclosure Statement which you can access by
clicking here.Topping up your Life cover
Should you wish to increase the amount of insurance shown in the above table, this can be arranged by
your Fund Adviser.
TPD Insurance
What if you could never work again? Don’t take the risk.
Think of the costs and the financial situation you and your family could find themselves in if you were totally and permanently incapacitated – and never able to work again.
One low premium, will secure you Total and Permanent Disability (TPD) cover as an integral part of your IT Super Life insurance.
Through IT Super you can access low member-rate premiums and the convenience of paying directly from your super account.
The information contained in this website is intended to provide general information only and has been prepared without taking into account any particular person's objectives, financial situation or needs. Investors should, before acting on any information in this site, consider the appropriateness of this information having regard to their personal objectives, financial situation and needs. We recommend investors obtain financial advice specific to their situation before making any financial investment (or insurance) decision.