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Insurance options

The following table shows the type of insurance available based on product category.

It's important to note that insurance cover is subject to certain conditions and you may be required satisfy questions about your health. For details on the insurance for each category, please refer to the appropriate Member Guide.

Stevedores division

Division Basic (Employer Funded) Death and TPD Cover Basic (Employer Funded) Death Cover Voluntary Death Cover Voluntary TPD Cover Income Protection Cover
Accumulation Plus tick tick tick tick
Accumulation Basic tick^ tick tick
Accumulation Standard tick tick
Spouse Account tick
Retained Benefits tick
^

For Employees of Participating Employers in this category this benefit is provided as a basic benefit if the employer elects to make insurance levy payments.


Seafarers division and Maritime Super division

Division Compulsory Death & TPD cover Basic Automatic cover Voluntary Death and TPD cover Salary Continuance cover
Contributory Accumulation tick tick tick^
Accumulation tick tick^
Accumulation Advantage tick tick tick
Spouse Account tick tick
Childrens Account tick tick
SVITZER Sub-fund tick tick
Inco Sub-fund tick tick* tick
Teekay and Trident Sub-funds tick tick* tick
Retained Benefits tick tick
^

Some Participating employers provide Salary Continuance Cover as a compulsory benefit in these categories.

*

Members must be working and employer contributions being paid to the fund for disablement cover to remain current, refer to the relevant Member Guide.

For Pension members, Voluntary Death insurance is only available to Allocated Pension, WISP and Term Allocated Pension members who commenced their pension in the Stevedoring Employees Retirement Fund before 1 March 2009.