NESS Super

Insurance Offerings

What does NESS Super offer?

Insurance cover gives you and your family peace of mind should something happen to you.

We’ve got your insurance needs covered

Insurance with NESS Super is easy, flexible and affordable:

  • Premiums are negotiated on a group basis to keep costs down for members.
  • Insurance cover premiums are deducted from your account balance every month.
  • NESS Super offers four types of insurance cover:
    • Death (including Terminal Illness)
    • Total and Permanent Disablement (TPD)
    • Temporary Salary Continuance (TSC)
    • Optional Long-term Salary Continuance Insurance (SCI)
  • NESS Super employed members automatically (conditions apply) receive default cover for Death, Total and Permanent Disablement (TPD) and Temporary Salary Continuance (TSC).
  • NESS Super Spouse Members automatically (conditions apply) receive default cover for Death and Total and Permanent Disablement (TPD).
  • You can change your level of insurance cover to suit your needs and situation.* You can even opt out of cover entirely if you wish. Please complete a Change My Insurance Details Form. You may also need to fill out a Personal Statement.
  • You can apply for an easy upgrade of one unit of Death cover or one unit of Death and TPD cover when you experience specific life events such as buying a house, getting married or having a child, without having to provide medical evidence (not available to Spouse members or Self-Employed members).
  • If you have Death, Total and Permanent Disablement or Temporary Salary Continuance cover with another fund when you join NESS Super, we may be able to transfer your insurance cover without the need for full underwriting (which requires medical evidence). This offer is subject to certain conditions, so please keep your other insurance until we confirm we can match your cover.

*Medical evidence may be required and any upgrade is at the discretion of the insurer.

Death cover

Death cover provides a lump-sum payout if you die or become terminally ill. It’s paid together with your super account balance to a beneficiary or beneficiaries nominated by you. The size of the insurance payout depends on the number of units of cover you take out and your age. You can choose the person you would like to receive your death benefit. You can make a Preferred Beneficiaries Nomination telling the NESS Super Trustee your wishes but leaving the Trustee with the discretion regarding beneficiaries, or make a NESS Super - Members' Binding Death Benefits Nomination FormOpens in new window , which requires the Trustee to follow your wishes when a benefit is paid on death.

Total and Permanent Disablement (TPD) cover

TPD cover provides a lump-sum payout if you are totally and permanently disabled. It is paid together with your super account balance. The size of the insurance payout depends on the number of units of cover you take out and your age.

Temporary Salary Continuance (TSC) cover

TSC cover provides a monthly income if you suffer a disability caused by an injury or illness. To be eligible for TSC benefits you need to have been off work for 90 days, partially or totally disabled and unable to work.

Optional Long-term Salary Continuance (SCI) cover

NESS Super also offers Long-term Salary Continuance cover, which provides a monthly benefit payable to you until 65 if you suffer a continuing disability. It is voluntary and can be taken out only with TSC cover.

NESS Super Default Cover

Lower premiums for Death, TPD and TSC insurance from 1 July 2017

From 1 July 2017 NESS Super members will again pay less for Death, Total and Permanent Disablement (TPD) & Temporary Salary Continuance Insurance (TSC) without any reduction in terms and conditions and in the level of cover.

While many super funds’ have increased their insurance premiums in recent years, this is the third year in a row that we’ve lowered the premiums our members pay for Death and TPD cover. 

The new weekly premium per one unit of default insurance cover will be $1.27 for Death cover, $1.59 for TPD cover and $0.64 for our TSC cover.

Has your insurance got you covered?

With lower premiums for insurance cover, now is a good time to review your cover and check it’s right for you. You can tailor your insurance cover with NESS Super to meet your individual and family needs.  We have flexible options for younger members, easy upgrades when you first join as an employer-sponsored member, as well as for specific life events, for example, getting married or taking out a mortgage.

Need help?

To find out more about the changes to insurance premiums or to discuss your cover, call us on 1800 022 067 between 8:30am – 6pm (Sydney Time), Monday – Friday.

With NESS Super, we’ve got you covered

Insurance is important, so we make sure you’re covered from the day you join NESS Super.

When you become a NESS Super member and provided you meet the eligibility conditions for default cover you are automatically covered for:

  • 2 units of Default Death cover at a cost of $2.54 per week. The amount of cover you get varies according to your age.
  • 2 units of Default Total and Permanent Disablement (TPD) cover at a cost of $3.18 per week. The amount of cover you receive varies according to your age.
  • 2 units of Default Temporary Salary Continuance (TSC) cover at a cost of $1.28 per week. The maximum benefit payable is up to $2,550 per month for two years. (Seasonal workers and Spouse members are not eligible for default TSC cover.)

NESS Super New Events cover

Your default insurance cover will be subject to New Events cover if:

  • you are a Spouse Member, or
  • you are a Self-Employed Member, or
  • you don’t meet the eligibility conditions for full Default Cover, or
  • you are not in Active Employment at the date your cover commences for TPD and TSC cover.

With New Events cover you’ll only be covered for claims due to an illness or injury that first occurred on or after the date cover last commenced or recommenced.

If you are younger than 30 special provisions apply.

Want to change your insurance cover?

If you don’t want to have Death, TPD and TSC insurance cover with NESS Super or you would like to reduce your insurance cover complete and return a Change My Insurance Details FormOpens in new window . Otherwise, NESS Super will continue to deduct the premiums from your account.