Workplace super top 10 for insurance - income protection


Best value insurance for low risk occupational fund members, 90 day waiting period, 2 year benefit period 

This table describes the best overall value deal, where insurance cover is standardised to represent how much $1.00 per week in premiums buys.

Rank Product Name Segment Cover per $1 week
(40yr old)
1 Grow Super Retail $6,190
2 Smartsave 'Members Choice' - Employer Super Retail $5,702
3 NGS Super Accumulation Industry $4,924
4 Colonial First State - FirstChoice Employer Super Retail $4,815
5 Bendigo SmartStart Super - Employer Retail $4,762
6 Mercy Super Corporate $4,727
7 Asgard Employee Super Account Retail $4,643
8 Aon Master Trust Corporate Super - Essentials Retail $4,483
9 MTAA Super Industry $4,409
10 AustSafe Super Industry Super Industry $4,386
  Average (median)   $3,123

Note this table describes the value or buying power of your insurance deal, 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 2017.

News
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19 March 2019, 12:33pm
Industry Super Australia chair Greg Combet says the ACTU had the right to express its views and the law ensures that only what is in members' interest get through a superannuation trustee board. Read more

When comparing super funds and considering what is right for you, look for funds displaying the AAA Quality Assessment and Rainmaker SelectingSuper Award logos.

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