Inactive accounts
Learn about the rules that aim to ensure members are not charged premiums that may unnecessarily erode their superannuation savings.
Options for inactive accounts
The law requires us to cancel a member's insurance cover if their account has been inactive (no contributions or rollovers received) for 16 months or more, unless they elect to keep their cover.
If your account becomes inactive we will contact you with your options
If you want to keep your cover and make sure it's not cancelled, you can elect to maintain your cover by completing the online election form below. You can do this at any time up till the 16 months cancellation date
If you no longer want your insurance cover you can cancel your cover.
If you take no action or simply do nothing, after 16 months your insurance cover will cease automatically. If this happens you can apply to have your cover reinstated.
Unsure whether to take action?
If you're unsure of what to do, we encourage you to seek financial advice. Further information about insurance in super is also available on ASICS's MoneySmart website.
Our insurance needs calculator can help you get your head around how much cover you might need.
If you need any help sorting out your insurance cover, call us on 1800 692 877.
Manage your insurance cover
Keep your cover
If you wish to keep your cover, even if your account is inactive, complete this online election form.
Change or cancel cover
Life's full of changes, so it's good to know you can apply to change or cancel your insurance cover at any time.
Reinstate your cover
If your insurance has been cancelled, submit the Application to reinstate form within 2 months to reinstate your cover.
