Our insurance cover

Standard cover package

If eligible, you can opt-in for our comprehensive standard cover package when you first join Mercy Super. The standard cover package is also provided automatically to eligible members aged 25 or over when their account balance first reaches $6,000.

The standard cover package provides salary-based cover where salary details are provided to us by your core participating employer. If you are not eligible for salary-based cover, you are provided with the unit-based standard cover package.

For both salary-based cover and unit-based cover, your level of cover changes automatically according to your age and includes:

• Death cover – provides a lump sum benefit where your cover increases in the years where the loss of your income would generally have a significant impact on your dependants and reduces as you get closer to retirement.
• Disability benefits – a monthly Income Protection benefit with a 5-year benefit period to help you and your family meet ongoing living expenses if you’re unable to work for a period of time; and – a lump sum Total & Permanent Disablement (TPD) benefit which can help you and your family meet the costs associated with your permanent disability.

For more information about our standard cover package, read the Insurance in your super guide.

Flexible cover options

The standard cover package may not be right for everyone. You can apply to adjust your cover to your specific needs with options to increase, decrease or cancel your cover.

Just head over to Change your cover.