We are also excited to announce that we have been able to secure another three years of competitive rates for our Death and Total & Permanent Disablement (TPD) insurance cover. 

TelstraSuper Head of Insurance & Claims, Fiona La Greca, said the reduction was a great outcome for TelstraSuper members with rates to be fixed for another three years (except in very limited circumstances*).

“As a profit-for-member fund, TelstraSuper is always looking for ways to improve its insurance offering for our members”, said Ms La Greca.  “Insurance available through superannuation is an important component of our members’ financial safety net and we have worked closely with insurer, MLC Life Insurance, to provide affordable insurance premiums so that members have more money in their retirement whilst also benefitting from great levels of cover for when they might need it most.” 

How much will members save?

Income Protection premiums will decrease between 11.5% and 30% from 1 July 2023, depending on your age and gender.

If you have Income Protection insurance you can calculate your new insurance premium and find out how much you'll save here or by calling 1300 033 166. Or, if you have a SuperOnline account you can view your new Income Protection premium from 1 July 2023 and in your 30 June 2023 statement. 

Manage your insurance cover

You can conveniently manage your cover and claims through a dedicated insurance portal which you can access through your SuperOnline account, if you're eligible†. Through this portal you can:

• calculate how much insurance cover you might need and estimate premiums
• apply to vary or cancel your existing insurance cover
• track the progress of your insurance application
• submit and track the progress of a claim
• access Vivo by MLC Life Insurance

We're here to help 

You can get help with your insurance, TelstraSuper Financial Planning offers general and simple personal advice as part of your membership. Or for more tailored advice you can speak with a TelstraSuper Financial Planner. View the advice options available here.

If you have any questions about your insurance, or any other aspect of your TelstraSuper account, please call us on 1300 033 166 between 8.30am and 5.30pm (Melbourne time), Monday to Friday.