The Fund's Death and TPD insurance provides a lump sum to you on the diagnosis of a terminal illness or if you’re disabled to such an extent that you will no longer be able to work.
A lump sum can also be paid to your beneficiary/ies in the event of your death. In the event of your death, your beneficiaries will receive this insurance payout in addition to the balance of your Energy Super account.
You can choose from two types of Death and TPD insurance
- unit-based, where you purchase a number of units and the value of each unit decreases each year on your birthday while the cost of your premium remains the same, or
- fixed-dollar cover, where you choose a level of cover and the cost of your premium rises each year on your birthday.
You may be eligible for even lower premiums if your job is performed primarily in an office environment.
How much Death and TPD insurance do I have?
You may have received cover depending on how you joined the Fund. You can check your level of cover on the Member Portal or your Annual Statement.
If applying for additional cover you may need to complete a Personal Statement and undergo medical tests in some circumstances.
You can learn more about the terms and conditions for Death and TPD insurance in the Energy Super Insurance Guide
As an Energy Super member, you've got access to personalised financial advice about your insurance cover over the phone at no extra cost.