Changes to your insurance

When you move to Personal Plus there are some changes to your insurance.  

If you haven’t already done so, you will need to complete an opt-in form to continue to receive any insurance cover where the premiums are member rather than employer paid. There are some key points you should know:

  • If you are under 25 years of age or have an account balance that is less than $6,000, you will be required to complete an Opt-in Member paid default insurance cover form in order for your cover to transfer into the new arrangement. If you have previously completed the Opt-in form or otherwise made an election, this will not be required.
  • If you're a full-time or part-time employee with Death & Total and Permanent Disablement (TPD) cover (and have opted-in if required), this cover is split between base cover and top-up cover up to the same total value. Base cover is determined by your age next birthday as at the last 1 July*. If you had Income Protection cover, this cover is temporarily transferred and to retain it you must complete the eligibility requirements (see below). 
* Refer to the TelstraSuper Personal Plus Insurance Guide for the amount of age-based Death & TPD cover eligible members can receive.

Keep your Income protection

If you had Income Protection cover, this will transfer automatically* to your Personal Plus account. To retain this cover, within 120 days of leaving your Telstra Group employer you need to have:

  1. received a Superannuation Guarantee (SG) contribution into your TelstraSuper account from your new employer, and
  2. provided TelstraSuper with details of your new salary and occupation, and
  3. made an election to opt-in, if applicable.
* Subject to the At Work Requirements and other eligibility criteria and exclusions contained in the Policy.

Death & TPD insurance cover

Any retained Death & Total and Permanent Disablement (TPD) insurance will be split between base and top-up cover to the same value that you had before. 

  • If you're over 25 years of age with more than $6,000 in your account, you automatically take your insurance cover with you to TelstraSuper Personal Plus. 
  • If you're under 25 years of age or your account balance is less than $6,000 on the date of transfer and you haven't previously opted-in, you must make an election to opt-in within 120 days from the day you leave your employer to continue to receive insurance cover.
  • If you're a full-time or part-time employee with Death & Total and Permanent Disablement (TPD) cover (and have opted-in, if required), this cover is split between base cover and top-up cover up to the same total value. Base cover is determined by your age next birthday as at the last 1 July*. If you had Income Protection cover, this cover is temporarily transferred and to retain it you must complete our eligibility requirements (see below). 
* Refer to the TelstraSuper Personal Plus Insurance Guide for the amount of age-based Death & TPD cover eligible members can receive.

Premiums for any insurance cover will be deducted quarterly in arrears from your super account. If you wish to cancel or reduce any cover, you must do so within 30 days from the date of the letter you received from the fund about your transfer to Personal Plus to avoid incurring any premiums. To do this complete a Cancel or Reduce Insurance form.

Need help with your Personal Plus account?

If you’d like to discuss your super or if you have any other financial advice queries contact us on 1300 033 166 or fill in our online contact form. There's no additional cost for our phone based advice as this is included in your TelstraSuper membership.

Online contact form
This information is general advice only and does not take into account your individual objectives, financial situation or needs. Before acting on any advice you should assess whether it is appropriate for you and consider talking to a financial adviser. Before making any decision or acquiring any product you should obtain and review its product disclosure statement by calling 1300 033 166 or on this website.