Insurance cover
TransPersonal offers affordable insurance cover to protect you and your family in the event of injury, illness or death. You choose the type and level of cover that best suits you and your circumstances.
Cover applies 24 hours a day, at work, home or anywhere else.
You can transfer your existing level of insurance from your previous insurance arrangement into TransPersonal without providing evidence of health. Conditions apply.
Below is information about the types of cover we offer, the cost of cover and relevant insurance forms.
Types of cover
Voluntary insurance cover
With TransPersonal voluntary insurance, you can apply for up to $10 million death (including terminal illness) cover and $2.5 million Total and Permanent Disablement (TPD) cover (inclusive of any transferred cover).
Our interim accident cover will keep you covered for up to 120 days to the level of cover you are seeking (to a maximum of $2 million), while your insurance application is being assessed.
You must be under age 70* to apply for death cover and TPD cover.
Lifetime event cover
You can apply for extra death and TPD cover on marriage, birth of a child, divorce, death of a spouse, as well as upon other events – without providing health evidence. Conditions apply.
Income protection cover
You can apply for income protection insurance so you have a financial safety net if you can’t work because of sickness or injury, provided you are under age 65 and working on a permanent basis or at least 15 hours per week.
On applying for income protection cover you can choose either a 30 day or 90 day waiting period (different premiums apply).
An income protection benefit, of up to 84% of your pre-disability income or $30,000 per month (whichever is lower) may be paid monthly for up to 2 years if you are eligible. Conditions apply.
Our interim accident cover will keep you covered for up to 120 days to the level of income protection you are seeking (to a maximum of $15,000 per month), while your insurance application is being assessed.
If you would like to know more about TransPersonal’s insurance arrangements:
If you need help with paperwork, send an email to our Client Relations Team. Include your name, contact number and state.
How much does cover cost?
The premiums payable from your account for each unit of death (includes terminal illness) cover, TPD cover and income protection insurance depend on your type of employment and your age. Premiums are calculated weekly and deducted monthly from your TransPersonal account.
Use our Insurance cost and cover calculator to estimate the cost of insurance before you apply.
Insurance premium tables
Insurance premium tables detailing costs for Group 1, 2 and 3 members for voluntary death (including terminal illness) cover, Total and Permanent Disablement (TPD) cover and income protection insurance are all detailed within the insurance section of your Member Information Booklet.
Download the TransPersonal Member Information Booklet (920kb)
Your insurance group
There are 3 insurance categories, and your category depends on the type of work you do.
You are a Group 3 Professional member if you:
- work full time in an office in a sedentary capacity AND
- you earn a salary greater than $80,000 per annum (or pro rata equivalent if not working full time) AND
- you have an accredited higher education qualification (Higher Education Sector Accreditation under the Australian Qualifications Framework) or are eligible to belong to a recognised professional body.
You are a Group 2 Non-manual member if you:
- spend at least 75% of your time in an office environment with non-manual duties.
You are a Group 1 Manual member if you:
- do not meet all the criteria for either Group 2 or Group 3.
Important
The default insurance group for all members joining the Fund is Group 1 Manual and if you have not advised us of your insurance group it will be Group 1 Manual.
If you believe the insurance group you are in does not match the type of work you do, or you have changed jobs and type of work, you should consider changing your insurance group to make sure you are paying the correct premium (see insurance forms below).
Call 1800 222 071 between 8am and 8pm (AEST) weekdays if you are unsure of your current insurance group.
Insurance forms
| To apply for insurance |
Download Application for insurance cover form |
| To transfer insurance from your previous insurance arrangement |
Download Insurance transfer form |
| To apply for Lifetime Event cover |
Download Application for Lifetime Event insurance cover form |
| To notify us that you have changed employment type (Group 1, Group 2 or Group 3) for insurance purposes |
Download Change insurance group form |
Seek professional advice
Having the right insurance for your needs is important, so we suggest you seek professional financial advice before making any decisions about your insurance cover with TransPersonal. TransPersonal can give you access to the right advice. We’ll even pay for your first single issue super advice call.
Visit our financial advice section for details.
TransPersonal's insurance provider
The Trustee has taken out insurance contracts with The Colonial Mutual Life Assurance Society Limited (ABN 12 004 021 809), AFS Licence No. 235035 (‘CommInsure’) to provide insurance for TransPersonal. The Trustee may change the insurer from time to time.
The Trustee does not guarantee the payment of an insured benefit or the performance of CommInsure.
Conditions apply to your insurance cover
Certain conditions and exclusions may apply to the granting or payment of your insurance cover. These may apply under the Fund’s insurance contract, the law or the Fund’s trust deed. The main features that apply to the insurance cover available through TransPersonal are set out in these pages.
Further detail can be found in the insurance section of your TransPersonal Member Information Booklet.
Download TransPersonal Member Information Booklet (920kb)
The Member Information Booklet also sets out the conditions under which insurance cover ends and should be considered carefully before you make any decision.
*Please be aware only some forms of TPD benefits are payable on or after age 65.