Changes to BUSSQ Insurance Cover from 1 March 2017 - BUSSQ

Changes to BUSSQ Insurance Cover from 1 March 2017

We have recently advised our members of upcoming changes to our insurance cover.

Beginning 1 March 2017, the definition to Total and Permanent Disability (TPD) will be changing.
See the new TPD definition here. 

See other definitions referred to in the changes to insurance communications:

Other new definitions effective 1 March 2017 

Specific Medical Condition for TPD Definition 3 

The change to the definitions means there will be a small 3.5% increase on our Death and TPD premiums effective 1 March 2017. It’s important to remember that we have not had an increase on our insurance cover since 1 January 2014. On average for a manual worker with default cover of four units, this will mean an increase of 24 cents per week. 

The new insurance costs of insurance cover are as follows:

Unitised cover premiums effective 1 March 2017  

Fixed dollar cover premiums effective 1 March 2017