Life Insurance and Total and Permanent Disablement (TPD) Cover
Legislative changes in effect from 1 April 2020 may have led to your insurances being cancelled.
Life insurance pays an insured amount to your beneficiaries when you die.
Life Insurance cover with AMIST Super is provided in units of cover. The amount of cover depends on age at the time of a claim and occupational status of the person insured.
The default level of Life Insurance cover provided is two units. Please refer to our Insurance Guide for full details, costs and the amount of cover provided.
Total and Permanent Disablement (TPD) Cover
TPD Insurance is a lump sum payment you receive if it’s determined that you have been totally and permanently disabled and are permanently unable to work in any occupation.
TPD Insurance cover with AMIST Super is provided in units of cover.
The default level of TPD insurance cover provided is one unit.
Please note that TPD Insurance cover must be taken in conjunction with Life Insurance cover and cannot be held on its own.
Please refer to our Insurance Guide for full details, costs and the amount of cover provided.
Additional Life Insurance or TPD cover
Members have a one-off special opportunity to apply for double the amount of Life Insurance and TPD cover automatically. There is no need to complete any medical questionnaire or provide any medical information.
Simply fill out the relevant section of the Special Application to Vary Life Insurance, TPD and/or Income Protection form and ensure that it is returned to us by no later than ninety (90) days after the date that we confirm your insurance cover has started.
If you don’t qualify for the special opportunity to double your cover or you want more cover you can apply at any time by completing the Application to Change Life and/or TPD form.
Life events benefit
AMIST Super members may increase their Life Insurance and TPD cover by one unit with no health questions when certain defined events take place in their lives. These events include:
- Marriage of member
- Mortgage on a newly acquired primary residence
- Birth or adoption of a child
- Turning 30 or 50 years old
You have up to 12 months from the date of the event to request the increase in cover.