As a profit-for-member fund we are always looking to improve our award-wining* insurance offering for our members. We are excited to announce our Income Protection rates decreased, making our insurance offering even more affordable.

We’ve also secured another three years of competitive rates for our Death and Total & Permanent Disablement (TPD) insurance cover.

This is a great outcome for our members as not only our premium rates fixed for another three years (except in very limited circumstances#), but members are able to maintain the great cover and dedicated customer service that we've always provided.

*Refer to the TelstraSuper Awards page to see further information on our awards from both third-party rating agencies and industry peers that recognised TelstraSuper as a leading profit to member super fund telstrasuper.com.au/awards
#These circumstances include events such as war, legislative or regulatory changes, or significant changes to the TelstraSuper membership as defined by our policy.  

How much you're saving

Income Protection premium rates have decreased between 11.5% and 30%, depending on your gender, age and the type of cover. Recent claims experience shows that there has been a general reduction in claims made by older female members. As a result, females aged over 41 receive a greater share of the premium discount so that their premiums are more aligned to males of a similar age.

Below is an overview of the savings for a sample of ages and gender for members in TelstraSuper Corporate Plus.

Age and gender for TelstraSuper Corporate Plus member	Previous Income Protection rate^	New Income Protection rate from 1 July 2023^	Saving
30 year old male	$1.03	$0.91	11.5%
30 year old female	$1.84	$1.63	11.5%
45 year old male	$2.43	$2.15	11.5%
45 year old female	$4.84	$4.20	13.2%
60 year old male	$12.81	$11.34	11.5%
60 year old female	$18.28	$12.80	30%

^Annual premiums per $1,000 of income protection cover. The calculations above are based on the default income protection cover of a two-year benefit period and 90 day waiting period, on white collar rates and with no medical loadings for a TelstraSuper Corporate Plus member. It doesn’t include the 15% member paid insurance premium rebate.

Check your income protection cover and premiums

To check your current income protection insurance cover and premiums please log into your SuperOnline account.

Vivo provides access to free health and wellbeing services for you and your family

TelstraSuper recognises that our members whose lives are impacted by sickness or injury may need extra support. We’d like to remind you about the benefits of the Vivo holistic health, wellness and recovery program that is available to you and your immediate family‡ at no extra cost through our partnership with MLC Life Insurance.

Whether you're looking to improve your everyday health or wellness, dealing with a health concern or require recovery support, Vivo can connect you with the services you need to achieve your goals.

Vivo services include:

• Vivo Wellness – Get proactive with your wellness to maintain overall health
• Vivo Health – Access a global medical network for tailored advice
• Vivo Recovery – Get back on track after illness or injury
• Vivo Specialist Care - Receive support for mental health, cancer and pain

For more information about Vivo by MLC Life Insurance**, please visit www.vivowellbeing.com.au

‡Immediate family members include your children (under parental supervision), your partner, your parents and your partner’s parents. Access to immediate family members is limited to Vivo Virtual Cre services. Mental Health Navigator is only available for those aged 18 years or older.
**Insurance is issued by MLC Limited. MLC Limited uses the MLC brand under licence from the Insignia Financial Group.  MLC Limited is part of the Nippon Life Insurance Group and is not a part of the Insignia Financial Group

Our dedicated insurance portal & calculators

Remember eligible members† have the option of conveniently managing their cover and claims through a dedicated insurance portal which they can access through their TelstraSuper online account.

Through this portal members will be able to:

• apply for insurance cover
• apply to vary or cancel their existing insurance cover
• track the progress of their insurance applications
• submit claims
• track the progress of their claims
• access Vivo by MLC Life Insurance

Members can also access the following insurance calculators on our website and in the dedicated insurance portal:

• Needs calculator – can help you understand how much cover you might need based on the information you enter about your personal circumstances
• Premium calculator – can provide you with an estimate of how much the premium cost will be for a nominated amount of cover for your membership type.

†Eligible members are members with an account that allows insurance cover to be applied under an insurance policy, have a valid email, are registered for SuperOnline and live in Australia.

Need help?

If you need 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. To view the advice options available, visit telstrasuper.com.au/advice

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