The default level of Death insurance and Total and Permanent Disablement insurance cover for BUSSQ MySuper members joining under age 21, is a sum insured of $50,000, for a small premium of $1.11 per week.
You can choose to have the higher default cover if you like, however you must advise us of this choice within 60 days of joining BUSSQ.
Once you turn 21, you will automatically be transferred to the standard default insurance cover, which is four units of Death ($200,000) Total and Permanent Disablement ($60,000) insurance cover for a manual worker. If you are a non-manual worker you should let us know as soon as you are 21 so we can ensure you have the correct cover.
For a full range of insurance details see our Super Handbook and Insurance Handbook.
See changes to insurance effective 1 March 2017.
Please note: In the event of a dispute, the insurance policy document will override the relevant Product Disclosure Statement and the information contained within this website.