The table below describes the premium value of the standard insurance default cover available through different MySuper products where this is defined as insurance cover (sum insured) per dollar of weekly premium paid. MySuper products offering the best value are those with the highest values.
Insurance rates vary by risk category of the member. Income protection insurance premium also varies by waiting period. This tables assumes member age of 40 and income protection with a 30-day waiting period and a two-year benefit period
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When comparing super funds and considering what is right for you, look for funds displaying the AAA Quality Assessment and Rainmaker SelectingSuper Award logos.
