Best super fund life insurance for value in 2026
Best-Value Insurance in Super: Aware Super + TAL
Most Aussies have this cover... but don't know it
Compulsory employer-paid superannuation has been a gamechanger for Australians - and not just in terms of retirement savings.
About 75% of Australians who have life insurance hold it through
their superannuation fund.
Super funds typically offer life and total and permanent disability (TPD) cover as default insurance. However, premiums are paid from members' super savings, so it is critical to look for a fund that offers value for money on cover to help maximise retirement nest eggs.
Our winner, Aware Super, has struck that balance, and it turns out size can matter when it comes to super funds getting a good deal on insurance for their members.
Why bigger super funds can mean cheaper cover
Belinda Nicholson, Aware Super's head of protect (insurance and claims), points out: "We're a very large fund, with about $210 billion in funds under management, and this scale helps us secure a good deal from insurers. These advantages mean we can give our members a great product that's easy to access and has low premiums."
Nicholson adds, "Insurance is a core part of how we support members' financial wellbeing, and our disciplined, member-first approach helps us deliver consistently strong value.
"Every Aware Super insurance claim is managed by a dedicated case manager, ensuring members and claimants receive prompt support and answers."
The insurer behind your super cover matters
Aware Super's insurance offering is backed by TAL, which has taken out several of our top life insurance awards in 2026.
Dan Taylor, general manager of group partnerships at TAL, says, "To be recognised alongside Aware Super is something we're incredibly proud of.
"We've invested in building a partnership grounded in a deep understanding of their membership, and these awards reflect our shared commitment to delivering real value."
Consumer advocate Super Consumers found one in four Australians is in the dark about the cover they have through super. If that sounds like you, contact your fund.
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