TelstraSuper members to benefit from new insurance arrangements

TelstraSuper members are to benefit from a range of enhancements to their insurance policies as TelstraSuper moves to MLC Life Insurance effective 1 July 2020. 

TelstraSuper's Chief Executive Officer Chris Davies said that TelstraSuper was continuously reviewing its products and services to better serve the evolving needs of its members.

We're always striving to get the very best for our members and are pleased to be able to continue to offer great insurance cover but with exciting new enhancements," said Mr Davies.

TelstraSuper members will soon be able to utilise an online insurance portal that includes digital claiming, insurance calculators, and a range of health and wellness programs at no extra cost. Eligible income protection members can also take advantage of a pre-claim early engagement program to help them get back to health sooner.

New premium rates will apply from 1 July 2020, and these rates are unlikely to change for at least three years. Death and Total & Permanent Disablement cover premium rates will decrease by 8% while income Protection cover premium rates will increase by 16.6%.

"The new policies have many favourable terms for members and we're pleased to be able to offer quality insurance with a member-first focus," said Mr Davies.

"While we hope our members won't need to claim, in the event that they do, we feel confident we have the right insurer to meet their needs at an affordable price."

For further information please contact:

Jean-Luc Ambrosi, Executive General Manager Marketing and Digital
P: 03 9653 6101
E: [email protected]
M: 0418 325 306

About TelstraSuper

Telstra Super Pty Ltd is a leading profit-to-member super fund managing over $21 billion in funds under management for members. Membership is open to current and former Telstra Group employees (including Foxtel, Sensis and Reach), and their eligible family members.

Any general advice has been prepared without taking into account your objectives, financial situation or needs. Before you act on any general advice, you should consider whether it is appropriate to your individual circumstances. Before making any decision, you should obtain and read the relevant Product Disclosure Statement and Target Market Determination or call us on 1300 033 166 for copies of these documents. You may wish to consult an adviser before you make any decisions relating to your financial affairs. To speak with an Adviser from TelstraSuper Financial Planning call 1300 033 166.