Insurance in super

Most of us insure our homes and cars, but often our most important asset is overlooked — our ability to earn an income and provide for our families. If something were to happen to you, it’s essential to have a backup plan in place to protect your family and your future.

After joining NGS Super, most members will have the opportunity to opt in to receive a default level of insurance cover or wait until they become eligible to automatically receive this cover. Choosing to be insured can provide you with a safety net for life’s most challenging times.

Life doesn’t always go to plan. If you were to get sick or injured or even pass away, it’s likely there would still be bills to pay and loved ones to care for. Having the right life insurance in place can help you manage your finances and support your recovery. It can also help take care of your loved ones financially if you’re no longer around.

Because we arrange insurance for a large group of people, premiums are often lower compared to insurance outside of super. Insurance through super also usually means automatic acceptance for cover without needing a health check. You'll also pay for premiums directly from your super account, which means your take-home pay isn’t affected.

You’ll need to consider how life insurance will affect your total super balance later on at retirement. You should also check that the level of cover is right for you. We can help you change your level of cover to an amount that suits you, and you may also be able to access additional product features and benefits.