| Cover Type | Maximum Cover Level | Features |
|---|---|---|
| Death | Unlimited | Must be held within the SMSF as a minimum requirement to obtain cover. |
| TPD | $3 million | Available to be held within the SMSF in conjunction with Death cover.
If a TPD benefit becomes payable, then your Death cover will be reduced by the amount of any TPD benefit paid |
| TPD – Own Occupation | $3 million | Available as a standalone non-superannuation policy.
If a TPD benefit becomes payable, any Death cover held separately under the SMSF will not be reduced by the amount of any TPD benefit paid. |
| Income Protection – Basic or Plus Options | $30,000 per month | Available as a non-superannuation policy.
Plus Options provides a range of ancillary benefits. |
SMSF Master Insurance Plan Tailored for SMSF Members
Group Life Insurance for SMSFs
The SMSF Master Insurance Plan is designed specifically for self-managed superannuation fund (SMSF) trustees. For the first time, the benefits of group insurance are extended to the SMSF market, offering simple, accessible cover options tailored to suit the needs of SMSF members. This plan offers both superannuation-based and non-superannuation-based policies.
Cover is provided through master policies issued by AIA Australia Limited. In the event of a claim, benefits for superannuation-based cover are paid directly to the SMSF trustee, while non-superannuation policy claims are paid to individual members.
For more detailed information, please refer to the SMSF Master Insurance Plan Product Disclosure Statement (PDS). The Target Market Determination (TMD) can also be sourced from AIA Australia at aia.com.au/tmds.
Competitive Rates
Ensure financial security for you and your family with competitive group insurance rates. Get an online quote in just one minute and enjoy peace of mind knowing you have comprehensive cover at wholesale rates.
Cover Options
The SMSF Master Insurance Plan offers three types of cover:
- Death Cover: Provides a lump sum benefit to your dependants if you pass away or are diagnosed with a terminal illness.
- Total and Permanent Disablement (TPD) Cover: Provides a lump sum benefit if you become sick or injured and are no longer able to work.
- Income Protection Cover: Offers monthly income if you are temporarily or permanently disabled and unable to work due to illness or injury.
Explore our tailored cover options designed to protect your financial future and that of your dependants.
Quotes for SMS Life Insurance are instant, and you can buy SMSF Life cover securely online.
