There are exciting changes with NESS Super’s Insurance Offering.
Eligible members will have Group Life and Total & Permanent Disability (TPD) insurance provided through Hannover Life Re of Australasia Ltd and Income Protection (IP) arrangements by Chubb Insurance Australia Limited.
As NESS Super members, your employees will notice changes to their automatic insurance cover for Death, TPD and Income Protection (formerly known as Temporary Salary Continuance Insurance), subject to meeting eligibility requirements.
Provided you pay their SG contributions into NESS Super, your employee will be covered for up to 85% of their income (up to 75% of income payable plus up to 10% paid as a contribution to their NESS Super account) for up to 2 years or until they turn 65 (whichever occurs first). The waiting period has been reduced from 90 days to 30 days.
NESS Super is also offering a new Income Protection product for self-employed members who are licensed electricians. This product is separate to the default Income Protection insurance product and different terms and conditions apply.
We encourage your employees to visit nesssuper.com.au to download and read the ‘NESS Super – Notice concerning Changes to your insurance’ booklet.
NESS Super is the super fund for the electrical, communications, technology and cabling industries.
Our team at NESS Super are here to help you at every stage in life.
Contact our Member Services Team on 1800 022 067 between 8.30am and 6.00pm (Sydney time) Monday to Friday if you have any questions regarding these significant changes.
Superannuation | Pensions | Insurance | Financial Advice
The information contained in this article is up to date at the time of its publication. However, some information can change over time. The contents are for general information only and do not constitute personal advice. We recommend that you consult with a suitably qualified person before making any financial decisions.
NESS Super Pty Ltd ABN 28 003 156 812 AFSL 238945 RSE L0000161 MySuper Authorisation 72229227691044 as trustee of NESS Super ABN 72 229 227 691 RSE R1000115