The table below describes the premium value of the standard insurance default cover available through different MySuper products where this is defined as insurance cover (sum insured) per dollar of weekly premium paid. MySuper products offering the best value are those with the highest values.
| |
Insurance cover per $ weekly premium |
| Death and TDP |
Monthly income protection |
| MySuper product |
Low risk |
High risk |
Low risk |
High risk |
| Active Super Accumulation Scheme |
37,572 |
23,483 |
1270 |
847 |
| AMG Core Super |
65,632 |
37,410 |
1429 |
643 |
| AMIST Super Employer |
24,520 |
16,346 |
1250 |
909 |
| ANZ Staff Super - Employee |
59,091 |
|
|
|
| ANZ Smart Choice Super - Employer |
41,600 |
12,235 |
1488 |
681 |
| Australian Catholic - Employer |
54,167 |
|
|
|
| ADF Super |
18,182 |
|
531 |
|
| Australian Ethical - Employer |
59,091 |
29,545 |
733 |
333 |
| Aust Retirement Trust - QSuper |
30,534 |
19,847 |
253 |
177 |
| Aust Retirement Trust - Sunsuper |
|
63,415 |
1376 |
|
| AustralianSuper |
39,526 |
21,786 |
877 |
571 |
| AvSuper Corporate |
80,833 |
50,980 |
893 |
313 |
| Aware Super - Employer Sponsored |
65,823 |
29,885 |
1128 |
594 |
| Bendigo SmartStart - Employer |
43,400 |
27,125 |
940 |
537 |
| BT Super |
31,515 |
18,538 |
1230 |
723 |
| BUSSQ MySuper |
45,045 |
5976 |
|
|
| CareSuper |
24,762 |
21,577 |
903 |
602 |
| Catholic Super |
70,270 |
|
1641 |
|
| Cbus Industry Super |
30,566 |
62,090 |
985 |
394 |
| Christian Super |
52,318 |
22,747 |
3009 |
1180 |
| CFS - FirstChoice Employer Super |
40,310 |
20,155 |
1538 |
769 |
| CBA Group Super - Accumulate Plus |
49,057 |
|
1126 |
643 |
| EISS Super |
38,012 |
23,392 |
|
|
| Energy Super |
42,003 |
33,592 |
|
|
| Equip MyFuture |
144,444 |
52,000 |
|
1200 |
| Essential Super - Employer |
24,524 |
|
|
|
| First Super - Employer Sponsored |
26,396 |
12,235 |
747 |
270 |
| GESB Super |
37,741 |
29,140 |
607 |
289 |
| GuildSuper |
36,620 |
25,243 |
|
|
| HESTA |
37,175 |
26,110 |
291 |
204 |
| Hostplus |
33,987 |
12,536 |
823 |
257 |
| IOOF Employer Super - Employer |
37,681 |
22,163 |
837 |
418 |
| legalsuper |
43,297 |
|
922 |
|
| LGI Asuper Accumulation |
37,956 |
27,807 |
874 |
655 |
| Lutheran Super |
75,362 |
|
|
|
| Maritime Super |
63,000 |
26,000 |
1181 |
336 |
| Media Super |
45,827 |
|
362 |
|
| Mercy Super |
106,159 |
37,432 |
868 |
397 |
| Mine Super |
28,373 |
11,349 |
866 |
397 |
| NGS Super Accumulation |
64,677 |
29,083 |
|
|
| Prime Super |
65,000 |
26,131 |
972 |
389 |
| PSS accumulation plan |
26,943 |
|
614 |
|
| Qantas Super Gateway |
28,353 |
14,177 |
|
|
| REI Super |
40,625 |
|
680 |
|
| Rest Super |
35,714 |
20,833 |
|
|
| smartMoney PRIME |
51,485 |
30,233 |
837 |
431 |
| Spirit Super |
21,136 |
16,099 |
612 |
429 |
| StatewideSuper |
43,189 |
23,996 |
|
|
| TelstraSuper Corporate Plus |
45,217 |
22,609 |
926 |
370 |
| TWUSUPER |
45,455 |
12,346 |
885 |
291 |
| UniSuper |
78,788 |
|
1260 |
|
| Virgin Money Super Employer |
95,378 |
37,117 |
|
|
| Vision Super Saver |
50,980 |
|
|
633 |
|
| Max |
144,444 |
63,415 |
3009 |
2203 |
| Median |
42,991 |
24,868 |
968 |
514 |
| Min |
18,182 |
787 |
253 |
177 |
| Insurance rates vary by risk category of the member. Income protection insurance premium also varies by waiting period. This tables assumes member age of 40 and income protection with a 30-day waiting period and a two-year benefit period. |
