Workplace super top 10 for insurance - death only

Best value insurance for low risk occupational fund members

This table describes the best overall value deal, where insurance cover is presented as how much $1.00 per week in premiums is worth in terms of cover

Rank Product Name Segment Cover per $1 week
(40yr old)
1 IAG & NRMA Superannuation Plan Corporate $173,333
2 QSuper Accumulation Account Government $160,000
3 UniSuper Industry $157,576
4 Unisuper - Defined Benefit Division Industry $157,576
5 Intrust Super - Executive Super Industry $157,576
6 Virgin Money Super Employer Division Master Trust $152,314
7 Southern State Superannuation Scheme Government $150,000
8 CommBank Group Super - Accum Plus Corporate $144,444
9 First State Super - Employer Sponsored Industry $144,444
10 Suncorp Everyday Super for Business Master Trust $128,332
  Average (median)   $81,895

Note this table describes the value or buying power of your insurance deal for a 40 year old, it does not represent how
much it may cost you based on your personal circumstances. If you are unsure, ask your fund for details.

For details on how SelectingSuper makes sense of insurance, please click here.

This table was last updated in June 2019.

Senate secures members' interest changes
20 September 2019, 12:36pm
Insurance in superannuation is now opt-in only for new members under the age of 25 and those with low account balances, after the government's Putting Members' Interest First super reforms passed through ... Read more

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