TWUSUPER deal offers members enhanced offering

By: Jason Whittaker


TWUSUPER and CommInsure have completed new insurance arrangements they say will offer fund members an enhanced insurance offering that will

TWUSUPER and CommInsure have completed new insurance arrangements they say will offer fund members an enhanced insurance offering that will provide significant benefits for the majority of members.

"We are delighted that, together with CommInsure, we have been able to increase the options and cover available to members while retaining competitive premiums," says Bill McMillin, TWUSUPER CEO.

Under the new arrangements, to take effect from April 26, the level of basic insurance cover provided to the majority of members without the need for any application for insurance forms or evidence of health, will increase from 1 unit of basic death cover to 2 units of basic death cover plus 1 unit of basic Total and Permanent Disablement cover.

Additional improvements for members of TWUSUPER include: an option to acquire an extra unit of basic cover, the option to fix cover, an optional 30-day waiting period for income protection cover, and an overall reduction in the cost per unit of insurance cover (for most members).

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