lifePLUS insurance
lifePLUS choice
If your client isn't eligible for auto cover, or would like more or less insurance, they can customise their cover through lifePLUS choice. lifePLUS choice (product page)Fees and premiums
Insurance fees: $18 a year
Our insurance fee is $1.50 per month (or $18 a year). This covers the cost of providing insurance to your client.
We calculate the insurance fee on a pro rata basis at the end of each calendar month, and the amount is deducted from the PSSap account at the beginning of the following month.
Premiums are calculated on the cover held
Premiums are the amount paid for on the insurance cover held, and they are deducted from the PSSap account—unless the member has opted out of cover or cancels cover, or cover stops for another reason (for example, if the account has become inactive).
The cost of cover is based on age at the last birthday, and how much the member is insured for under lifePLUS auto or lifePLUS choice.
We calculate Income Protection and Death and Total Permanent Disablement (TPD) premiums at the end of each calendar month. Premium amounts vary slightly month-to-month, depending on the date joined and the number of days in each month.
Key documents
Insurance and your PSSap super
This document outlines the PSSap insurance options, including who is eligible, how to change cover or opt out, how much cover costs, and the conditions and exclusions that apply. It forms part of the PSSap Product Disclosure statement.
Insurance Strategy
This document outlines our insurance principles and how we design our cover, claims philosophy and principles.
Product Disclosure Statement
This document provides important information about the features, benefits, risk and cost of investing super in PSSap Super.
Useful forms
Apply for lifePLUS or make a change
Use this Application and variation form to apply for or make a change to insurance, or to advise of a salary change.
Transfer of cover form
Use this form to transfer cover from another super fund to PSSap.