Income Protection insurance cover means peace of mind for you and your family if you’re suddenly incapacitated and need time to recover.
Energy Super's Income Protection insurance provides you with an income replacement payment in the event that a temporary disablement prevents you from working. This cover can be provided for up to two years, or, if you have selected the extended cover, until you reach age 65.
Standard Income Protection insurance (up to two years) pays the lesser of 90% of your income or the level of cover you received automatically or applied for, for the first 120 days of your benefit period. Then, for the remainder of your benefit period, the weekly benefit is the lesser of 80% of your income or the level of cover you received automatically or applied for. A superannuation benefit is also payable into your Energy Super account equal to the lesser of 10% of income or 10% of the benefit level for which you are insured.
Arrangements for Defined Benefit members differ to those above. If you’re a Defined Benefit member and would like more information, please read the Defined Benefit Handbook, call us on 1300 436 374 or email us.
Energy Super's size means we are able to negotiate great premium rates for our members. You may be eligible for even lower premiums if your job is performed primarily in an office environment. To review current indexed premium rates, please see the Energy Super Insurance Guide.
How much Income Protection insurance do I have?
You may have received automatic cover depending on how you joined Energy Super. You can apply for extra cover using the following forms:
You can learn more about our Income Protection insurance in the Energy Super Insurance Guide or the appropriate Energy Super Corporate PDS (if applicable to you).
To check your current level of cover look at your Annual Statement, call our contact centre on 1300 436 374 or email us
If you were previously a member of SPEC Super or ESI Super, please call or email us for details of your cover and options for increasing it.
If you’d like some personalised expert advice about your insurance cover over the phone you can access our single issue advice service at no extra cost.
For more information on insurance, you can also view our YouTube video.