lifePLUS Protect fees and premiums

Fees and premiums

When you have lifePLUS Protect auto or choice insurance, monthly deductions come out of your ADF Super account to cover the cost of insurance 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 you.

We calculate the insurance fee on a pro rata basis at the end of each calendar month, and the amount is deducted from your ADF Super account at the beginning of the following month. 

Premiums are calculated on the cover you hold

Premiums are the amount you pay for the insurance cover you hold, and they are deducted from your ADF Super account—unless you opt out of cover or cancel your cover, or your cover stops for another reason (for example, if your account has become inactive).

The cost of your cover is based on your age at your last birthday, and how much you’re insured for under lifePLUS Protect auto or 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 cover started and the number of days in each month. 

How much cover costs

You’ll find the current insurance premiums and some worked examples of lifePLUS Protect auto and choice cover in the Insurance and your ADF Super booklet. If you need a hand calculating your cover, just give us a call.