TRANSFER YOUR EXISTING COVER TO BUSSQ
If you have super accounts outside of BUSSQ that include Death and/or TPD insurance cover or Income Protection, you may be able to transfer the cover to your BUSSQ account.
BUSSQ accepts transfers of insurance cover from other superannuation funds other than self-managed super funds. You can apply to transfer up to $1 million of Death only or Death and TPD cover and up to $6,000 per month (before tax) of Income Protection cover from your other super fund(s) to BUSSQ, without providing detailed health evidence. Please note screening questions apply.
This can be a great way of boosting your cover. Just follow these easy steps:
1. Open a BUSSQ Premium Choice account (same low fees as our MySuper account)
2. Apply to transfer your current insurance cover to BUSSQ.
Having one super account makes sense - less fees, less paperwork. If you have rolled over your insurance cover to BUSSQ, you should consider rolling over your account balance from your other fund as well.
BUSSQ will advise you within 5 business days of any decision by our insurer regarding your application to transfer your previously held cover to BUSSQ.
Call us on 1800 692 877, or fill in the form below for more information on transferring your insurance cover to BUSSQ.
If you want to apply to transfer your cover to BUSSQ, you must wait until the transfer of your cover from your other fund is accepted by our insurer, before cancelling your previous policy or rolling over your other funds to BUSSQ.
When you transfer your cover to BUSSQ, you may lose benefits such as waiting periods that have elapsed on your previous insurance policy. Waiting periods may start again.
You have a duty of disclosure regarding any information requested by our insurer in determining whether to accept your cover. Any non-disclosure (even if unintentional) can cause your insurance cover to be reduced or cancelled.
The insurance cover provided by BUSSQ may not provide the same terms and conditions as those available to you in your current insurance arrangements.